MapOffers in region of
£1,310,000 | 9,072 sq ftOffice for sale
The Pump House, Coton Hill, Shrewsbury, SY1 2DP
Office
9,072 sq ft / 843 sq m
Features and description
- Tenure: Freehold
- EPC rating A
- BREEAM rated with solar panels
- Net initial yield 7.5% after allowing for normal purchasers costs
- Total Net Internal Floor Area of approximately 9,072 ft (842.85 m sq)
- 7 designated car parking spaces
- Located in an area of mixed development
Description
The property comprises of a multi let commercial investment opportunity that is in part three, part two and part single detached property. The property is arranged to provide a variety of office/business suites that provide a Total Net Internal Floor Area of approximately 9,072 ft (842.85 m sq).
The property was comprehensively refurbished approximately 15 years and the accommodation benefits from a rating under BREEAM rating and an EPC rating of A and the property benefits from significant environmental enhancing features including solar panels that make the property attractive to property investors.
The property has 7 designated car parking spaces, with the potential to create a further car parking space within the boundaries of its ownership. Access to the property is from Coton Hill. A viewing of the property is strongly recommended to appreciate the standard of the property and its multi -functional use.
The property is of part brick construction and part timber frame with a slate roof. The property currently offers a multi let investment but there is potential in the future for the property to be of interest to an owner occupier and a property developer/speculator who may consider there is potential for alternative uses for the property in the future as it located in an area of mixed development.
Location
The property is prominently located fronting onto Coton Hill, which serves as one of the main arterial roads into Shrewsbury Town Centre from the north. The property is located close to the junction of Coton Hill with Chester Street and benefits from attractive views over the River Severn.
The property is located in an area of mixed development with surrounding occupiers including The Gateway, Benbow Quay residential development and Winchester House Dental Practice.
Shrewsbury is the County Town of Shropshire and has a significant catchment population as well as acting as an administrative and tourist centre. The town is sat on the River Severn and had a population of 71,715 at the2011 census.
The town is located approximately 48 miles west of the City of Birmingham and approximately 44 miles south of the City of Chester. There is access to the national road network via the A5(M54 link road).
The property comprises of a multi let commercial investment opportunity that is in part three, part two and part single detached property. The property is arranged to provide a variety of office/business suites that provide a Total Net Internal Floor Area of approximately 9,072 ft (842.85 m sq).
The property was comprehensively refurbished approximately 15 years and the accommodation benefits from a rating under BREEAM rating and an EPC rating of A and the property benefits from significant environmental enhancing features including solar panels that make the property attractive to property investors.
The property has 7 designated car parking spaces, with the potential to create a further car parking space within the boundaries of its ownership. Access to the property is from Coton Hill. A viewing of the property is strongly recommended to appreciate the standard of the property and its multi -functional use.
The property is of part brick construction and part timber frame with a slate roof. The property currently offers a multi let investment but there is potential in the future for the property to be of interest to an owner occupier and a property developer/speculator who may consider there is potential for alternative uses for the property in the future as it located in an area of mixed development.
Location
The property is prominently located fronting onto Coton Hill, which serves as one of the main arterial roads into Shrewsbury Town Centre from the north. The property is located close to the junction of Coton Hill with Chester Street and benefits from attractive views over the River Severn.
The property is located in an area of mixed development with surrounding occupiers including The Gateway, Benbow Quay residential development and Winchester House Dental Practice.
Shrewsbury is the County Town of Shropshire and has a significant catchment population as well as acting as an administrative and tourist centre. The town is sat on the River Severn and had a population of 71,715 at the2011 census.
The town is located approximately 48 miles west of the City of Birmingham and approximately 44 miles south of the City of Chester. There is access to the national road network via the A5(M54 link road).
Property information from this agent
About this agent
Halls - Commercial Property
Halls Holdings House, Bowmen Way, Battlefield
Shrewsbury, Shropshire
SY4 3DR
01743 534860Halls Commercial provides a range of specialist commercial property services to clients of all sizes across the UK. We have a comprehensive knowledge of our markets developed over many years operating in this sector. Our service is forward thinking, personal and professional, designed to achieve the best results for our clients whatever their requirements. Although we operate nationwide, we retain a particular emphasis on the Midlands. Agency Services Our commercial agency team are on hand to offer friendly advice and market appraisals, helping you buy and sell commercial property throughout Shropshire, Worcestershire, Mid Wales, the West Midlands and beyond. We advise investors and developers on selling and acquiring commercial property, while also assisting with the acquisition of new premises or disposing of unwanted space. From offices and retail to industrial and leisure-based properties, we can guide you through the sale of all types of commercial property. Offering advice at every stage, we will help you find the best route to market and give you advice on how to attract the right buyers. We can also give guidance on development land, whether owner occupied or held as an investment. With strong links to buyers, our skilled and knowledgeable team are on hand to advise from start to finish. This includes guidance on any works required prior to sale, including applications for planning consent, refurbishment programmes and tenant disputes. Management Services Offering a strategic approach, we always have your future needs in mind. Whether you’re an experienced landlord or a one-off investor, we understand that your priority is to increase the value of your investment while minimising void periods and building a strong tenant profile. Working closely with our in-house marketing and PR team, we have a comprehensive tenant vetting process to help minimise your risks. If you’re looking to expand your commercial property portfolio, we will take the time needed to gain a full understanding of your needs and match you with properties suited to your business requirements within your timescales. Professional Property Services Halls Commercial is a team of RICS Registered Valuers with professional indemnity insurance cover of £10 million. As you would expect we are on the valuation panels of most of the major banks including Barclays, Lloyds, Royal Bank of Scotland, HSBC, NatWest, Handelsbanken, and Clydesdale. Our experienced team of valuers operates in accordance with RICS Valuation Standards (Red Book), International Financial Reporting Standards (IFRS) and UK GAAP and alongside the years of experience across our Commercial team, our valuations are backed by the latest valuation and appraisal software.