Terraced for sale in Bridgnorth, WV16
High Street, Bridgnorth, WV16£495,000
Agent details
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Full Details for Terraced for sale in Bridgnorth, WV16 :
A rare opportunity to acquire a Grade II Listed Ground Floor Retail Investment together with a First and Second Floor Flat Let on an Assured Shorthold Tenancy. Centrally situated in the High Street amongst a mix of national occupiers. Total Income £34,100 per annum exclusive of outgoings.
LOCATION
Bridgnorth is situated approximately 14 miles west of Wolverhampton, 20 miles south east of Shrewsbury and 26 miles north west of Birmingham. The town is noted for its historic buildings and the Severn Valley Railway and has a population of circa 12,500.
SITUATION
The property is situated in a prime position on the High Street, the main shopping thorough fare of the town. Retailers in the immediate vicinity include: Barclays Bank, Greggs, Clintons Cards, Superdrug and Tesco Express.
DESCRIPTION
The property provides an attractive investment with the Ground Floor Shop being Let to British Red Cross whilst the First and Second Floors are a Residential Apartment Let on an Assured Shorthold Tenancy. The Ground Floor Area including Sales and Preparation Room and Kitchen extends to approximately 918 square feet (85.3 square metres). Accessed from the Rear Sales Area is a Basement Area having a floor area of approximately 463 square feet (43 square metres).
FRONT SALES AREA - 14' 10'' x 11' 7'' widening to 14' 6\" (4.51m x 3.53m widening to 4.43m)
REAR SALES AREA - 18' 4'' x 5' 10'' widening to 10' 8\" (5.6m x 1.78m widening to 3.26m)
FURTHER REAR SALES AREA - 14' 5'' x 9' 1'' (4.4m x 2.76m)
PREPARATION ROOM - 14' 5'' x 14' 1'' (4.4m x 4.3m)
BASEMENT ROOM (front) - 16' 9'' x 11' 10'' (5.1m x 3.6m)
BASEMENT AREA (rear) - 20' 0'' x 9' 7'' widening to 14' 5\" (6.1m x 2.92m widening to 4.4m)
LEASE
The Ground Floor Sales Shop and Basement is let on a ten year lease granted on the 18 April 2012 at an annual rent of £26,000 per annum exclusive of outgoings with a five yearly review pattern. The First and Second Floors of the premises are let on an Assured Shorthold Tenancy granted in January 2012 at a rent of £525.00 per calendar month.In addition an income of £35 per week (£1800 per annum) is obtained from a market stall on Saturday morning which is located immediately to the front of the property. Total Income £34,100 per annum.
LOCATION
Bridgnorth is situated approximately 14 miles west of Wolverhampton, 20 miles south east of Shrewsbury and 26 miles north west of Birmingham. The town is noted for its historic buildings and the Severn Valley Railway and has a population of circa 12,500.
SITUATION
The property is situated in a prime position on the High Street, the main shopping thorough fare of the town. Retailers in the immediate vicinity include: Barclays Bank, Greggs, Clintons Cards, Superdrug and Tesco Express.
DESCRIPTION
The property provides an attractive investment with the Ground Floor Shop being Let to British Red Cross whilst the First and Second Floors are a Residential Apartment Let on an Assured Shorthold Tenancy. The Ground Floor Area including Sales and Preparation Room and Kitchen extends to approximately 918 square feet (85.3 square metres). Accessed from the Rear Sales Area is a Basement Area having a floor area of approximately 463 square feet (43 square metres).
FRONT SALES AREA - 14' 10'' x 11' 7'' widening to 14' 6\" (4.51m x 3.53m widening to 4.43m)
REAR SALES AREA - 18' 4'' x 5' 10'' widening to 10' 8\" (5.6m x 1.78m widening to 3.26m)
FURTHER REAR SALES AREA - 14' 5'' x 9' 1'' (4.4m x 2.76m)
PREPARATION ROOM - 14' 5'' x 14' 1'' (4.4m x 4.3m)
BASEMENT ROOM (front) - 16' 9'' x 11' 10'' (5.1m x 3.6m)
BASEMENT AREA (rear) - 20' 0'' x 9' 7'' widening to 14' 5\" (6.1m x 2.92m widening to 4.4m)
LEASE
The Ground Floor Sales Shop and Basement is let on a ten year lease granted on the 18 April 2012 at an annual rent of £26,000 per annum exclusive of outgoings with a five yearly review pattern. The First and Second Floors of the premises are let on an Assured Shorthold Tenancy granted in January 2012 at a rent of £525.00 per calendar month.In addition an income of £35 per week (£1800 per annum) is obtained from a market stall on Saturday morning which is located immediately to the front of the property. Total Income £34,100 per annum.
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House Prices for houses sold in WV16 4DB
Stations Nearby
- Albrighton
- 9.5 miles
Schools Nearby
- Young Options College
- 9.2 miles
- Tettenhall Wood School
- 10.7 miles
- St Leonard's CofE Primary School
- 0.4 miles
- St Mary's Bluecoat CofE (VA) Primary School
- 0.6 miles
