£500,000
Property for sale
Property photos
Just added
Freehold
Offers in region of
£500,000
(£87.05/sq. ft)
Property for sale
Watergate Street, Whitchurch SY135,744 sq. ft
Local area information
Property location
Nearby amenities
- Physis Heathgates Academy (SEN) 0.2 miles
- Whitchurch CofE Junior School 0.4 miles
- Whitchurch (Shropshire) 0.5 miles
- Prees 4.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- The property is located within close proximity of all local amenities, including retail, banking, food and leisure uses.
- Surrounding occupiers include a mix of national and independent businesses such as Wagstaffs, Boots and Watergate Church, reflecting the mixed-use nature of the immediate area.
- The property benefits from a car park at the rear accommodating approximately 6 vehicles
- Whitchurch benefits from direct rail services and strong road links via the A41, providing connectivity to Chester, Shrewsbury, Crewe and the wider regional motorway network.
2 Watergate Street provides a substantial existing retail/office building extending to a Total Gross Internal Floor Area of approximately 5,744 sq ft (533.5 sq m), arranged over three floor. The property is currently configured as a decommissioned bank with offices, ancillary storage and welfare facilities. The size and layout offers potential for a variety of uses, including potential residential conversion, subject to the necessary statutory consents. Offers are invited in the region of £500,000 (exclusive).
The property is also available To Let with a rental price of £40,000 per annum (exclusive).
2 Watergate Street provides a substantial existing retail/office building extending to a Total Gross Internal Floor Area of approximately 5,744 sq ft (533.5 sq m) arranged over three floor. The property is currently configured as a decommissioned bank with offices, ancillary storage and welfare facilities.
The ground floor provides approximately 2,675 sq ft (248.4m sq), the first floor extends to approximately 1,484 sq ft (137.8m sq) and the second floor approximately 1,585 sq ft (147.3m sq), with a car park accommodating approximately six cars to the rear.
The building is constructed of brick and stone work under a tole pitched roof, with single glazed windows throughout.
The property is accessed directly off Watergate Street with the car park to the rear.
4 Watergate Street currently operates as "The Watergate" under a 99 year lease from 25/3/1961 under SL139824 with a ground rent of £1,380 per annum.
The property is owned under Title Number SL89338.
The property occupies a prominent position within Whitchurch town centre, a well-established market town in north Shropshire with a strong local economy and a broad mix of retail, leisure and professional services. Whitchurch serves as an important commercial hub for the surrounding rural catchment and benefits from good regional connectivity.
Key Location Highlights
Ground Floor
2,675 sq ft - 2.48.4 m sq
First Floor
1,484 sq ft - 137.8 m sq
Second Floor
1,585 sq ft - 147.3 m sq
Outside
Car Park - 6 Spaces
Total Gross Internal Floor Area
all measurements are approximate
Tenure
The property is offered for sale with vacant possession subject to the property ownership in part being subject to a 99 year lease from 25/3/1961 under SL139824 with a ground rent of £1,380 per annum. The property is owned under Title Number SL89338
Rateable Value
Prospective purchasers should rely on their own enquiries. We understand that the rateable value is £39,750 for the property.
Epc
To be assessed.
Vat
It is understood that the property is not elected for VAT and therefore VAT will not be levied on the purchase price.
Services
Not tested at the time of our inspection.
Purchaser to rely on their own enquiries. We understand that all services are connected to the property.
Planning
Prospective purchasers should rely on their own enquiries. We understand that the property benefits from planning consent for Use Class E of the Town and Country Use Classes Order 1987. The property interest would lend themselves to potential redevelopment for residential purposes subject to statutory consents.
Legal Costs
Each party to bear their own legal costs.
Local Authority
Shropshire Council, Guildhall, Frankwell Quay, Shrewsbury, SY3 8HQ
The property is also available To Let with a rental price of £40,000 per annum (exclusive).
2 Watergate Street provides a substantial existing retail/office building extending to a Total Gross Internal Floor Area of approximately 5,744 sq ft (533.5 sq m) arranged over three floor. The property is currently configured as a decommissioned bank with offices, ancillary storage and welfare facilities.
The ground floor provides approximately 2,675 sq ft (248.4m sq), the first floor extends to approximately 1,484 sq ft (137.8m sq) and the second floor approximately 1,585 sq ft (147.3m sq), with a car park accommodating approximately six cars to the rear.
The building is constructed of brick and stone work under a tole pitched roof, with single glazed windows throughout.
The property is accessed directly off Watergate Street with the car park to the rear.
4 Watergate Street currently operates as "The Watergate" under a 99 year lease from 25/3/1961 under SL139824 with a ground rent of £1,380 per annum.
The property is owned under Title Number SL89338.
The property occupies a prominent position within Whitchurch town centre, a well-established market town in north Shropshire with a strong local economy and a broad mix of retail, leisure and professional services. Whitchurch serves as an important commercial hub for the surrounding rural catchment and benefits from good regional connectivity.
Key Location Highlights
Ground Floor
2,675 sq ft - 2.48.4 m sq
First Floor
1,484 sq ft - 137.8 m sq
Second Floor
1,585 sq ft - 147.3 m sq
Outside
Car Park - 6 Spaces
Total Gross Internal Floor Area
all measurements are approximate
Tenure
The property is offered for sale with vacant possession subject to the property ownership in part being subject to a 99 year lease from 25/3/1961 under SL139824 with a ground rent of £1,380 per annum. The property is owned under Title Number SL89338
Rateable Value
Prospective purchasers should rely on their own enquiries. We understand that the rateable value is £39,750 for the property.
Epc
To be assessed.
Vat
It is understood that the property is not elected for VAT and therefore VAT will not be levied on the purchase price.
Services
Not tested at the time of our inspection.
Purchaser to rely on their own enquiries. We understand that all services are connected to the property.
Planning
Prospective purchasers should rely on their own enquiries. We understand that the property benefits from planning consent for Use Class E of the Town and Country Use Classes Order 1987. The property interest would lend themselves to potential redevelopment for residential purposes subject to statutory consents.
Legal Costs
Each party to bear their own legal costs.
Local Authority
Shropshire Council, Guildhall, Frankwell Quay, Shrewsbury, SY3 8HQ
Floor plans and tours
Floor plans (3)
Tours (1)
1 virtual tour available
Step inside the property with a virtual tour or video walkthrough.
More information
Listed by
Halls Commercial
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