£175,000

Property for sale

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£175,000

(£277.34/sq. ft)

Property for sale

52 Market Street, Oakengates, Telford, Shropshire TF2

631 sq. ft

Local area information

Property location

Nearby amenities

  • Oakengates 0.1 miles
  • Wombridge Primary School 0.3 miles
  • St George's Church of England Primary School 0.6 miles
  • Telford Central 1 mile

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Telford to find out more about the area.

Features and description

  • Ground floor shop with 1-bed flat above
  • Popular high street location
  • Current rental income £13,500 pax
The property comprises a mid-terraced, two-storey mixed retail/residential building, complete with single storey extension to the rear. It provides a ground floor shop with self-contained, one-bedroom flat above.
The original two-storey building is of solid brick construction beneath a pitched roof with a single storey extension of similar construction to the rear.
The building benefits from uPVC double glazed windows and doors throughout.
The ground floor shop enjoys a glazed frontage onto Market Street, having an offset pedestrian entrance door, with a further access to the rear. It is currently utilised as a hair salon and the accommodation consists of an open retail area with rear treatment room/storeroom/office, kitchenette and toilet facilities.
Outside, to the rear of the building is a small enclosed courtyard with gated access, which is demised to the shop premises and contains a separate outbuilding utilised by the shop tenant for storage purposes.
The first floor flat is accessed off the alleyway to the side of the building. An entrance hall and stairs leads to the living space, which comprises a lounge, kitchen, bedroom and bathroom. It is currently occupied by a separate tenant.

Location
The property is situated at the top end of Market Street in the popular town of Oakengates. Oakengates is one of the local district centres within Telford New Town and is located approximately 1.5 miles north of Telford town centre with good access to the West Midlands conurbation via Junctions 5 and 6 of the M54 motorway.
Market Street is the main retail thoroughfare in Oakengates and intersects with Oxford Street in the town centre. The subject property enjoys a high street location fronting onto Market Street, in close proximity to the junction with Oxford Street. It also backs onto an access road to the rear of Uxacona Way.

Planning
The property currently has planning permission for Class E and C3 uses within the Town and Country Planning (Use Classes) Order 1987 (as amended).

Tenure
Freehold: The property is available freehold with the benefit of the existing tenancies, currently producing a combined rental income of £13,500 per annum exclusive.

Local Authority
Telford & Wrekin Council, Darby House, Lawn Central, Telford, TF3 4JA - Tel:

Rateable value
According to the Valuation Office Agency website, the rateable value of the ground floor shop in the 2023 Rating List is £7,000. The first floor shop falls within Council Tax band A.

Energy Performance Certificate
The ground floor shop has an energy rating of C(68) and the first floor flat has an energy rating of E(54).

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Andrew Dixon and Co. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Andrew Dixon and Co for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Shropshire
  4. Telford
  5. Oakengates
  6. Market Street

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