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£300,000 | 1,555 sq ftIndustrial development for sale
14 St. Mary's Street, Newport, TF10 7AB
Industrial development
1,555 sq ft / 144 sq m
Features and description
- Tenure: Freehold
- Prominently located income producing property in the sought-after town of Newport
- Potential asset management opportunity by redevelopment of vacant uppers
- Of interest to investors and property speculators/developers
- Total Net Internal Area of the property approximately 1,555 sq ft (144.47 m sq) excluding basement
Description
The property comprises of an attractive mid terraced Grade 2 listed. The property is part three, part two and part single storey property that is arranged as a lock up shop unit on the ground floor with a basement that is tenanted and trading as a hair salon with vacant upper floors. The ground floor has been recently renovated and provides an attractive shop unit with a large, glazed frontage with a Total Net Internal Floor Area of approximately 759 sqft (72.98 m sq). The upper floors provide former office accommodation with a Total Net Internal Area of 797 sqft (74 m sq).
The property is of traditional construction. The property benefits from a separate access via a side passage to the rear of the property, which can be accessed between 6am and 7pm each day.
The property is of potential interest to investors, property developers and owner occupiers. Its potential can only be fully appreciated by undertaking an inspection of the property.
Location
The property is prominently located fronting onto St Mary's Street and situated just off High Street. The surrounding occupiers include St Nicholas Church, Francesco Hair salon, vine and malt and Tilers Gas and Electrical. The property is located within proximity of all local amenities.
Newport is an attractive market town situated on the Shropshire/ Staffordshire Border. The town is located approximately 6 miles north of the town of Telford, 12 miles west of the town of Stafford and 25 miles northeast of the County Town of Shropshire. The town had a population of 11,387 at the 2011 census. The town lies approximately 9 miles from the M54, which provides access to the national road network.
Viewings
Strictly by prior arrangement with the selling agents.
Planning
Interested parties should make their own enquires.
The property is understood to benefit from planning consent for Use Class E of the Town and Country Use Classes Order 1987. The property is understood to be Grade 2 listed and situated in a conservation area.
Services
(Not tested at the time of inspection)
We understand that mains water, drainage and electricity are understood to be connected to the property which are currently sub metered to the respective parts.
Local Authority
Telford & Wrekin Council,
PO Box 457,
Wellington Civic Offices,
Telford,
TF2 2FH
Tenure
The property is for sale freehold with vacant possession subject to the following lease:-
Ground Floor and basement:
The lease is for a term of 5 years from 1st of July 2022 at a current rent of £8,000 on tenants internal repairing and insuring terms.
First and Second Floor: Vacant Possession
The property comprises of an attractive mid terraced Grade 2 listed. The property is part three, part two and part single storey property that is arranged as a lock up shop unit on the ground floor with a basement that is tenanted and trading as a hair salon with vacant upper floors. The ground floor has been recently renovated and provides an attractive shop unit with a large, glazed frontage with a Total Net Internal Floor Area of approximately 759 sqft (72.98 m sq). The upper floors provide former office accommodation with a Total Net Internal Area of 797 sqft (74 m sq).
The property is of traditional construction. The property benefits from a separate access via a side passage to the rear of the property, which can be accessed between 6am and 7pm each day.
The property is of potential interest to investors, property developers and owner occupiers. Its potential can only be fully appreciated by undertaking an inspection of the property.
Location
The property is prominently located fronting onto St Mary's Street and situated just off High Street. The surrounding occupiers include St Nicholas Church, Francesco Hair salon, vine and malt and Tilers Gas and Electrical. The property is located within proximity of all local amenities.
Newport is an attractive market town situated on the Shropshire/ Staffordshire Border. The town is located approximately 6 miles north of the town of Telford, 12 miles west of the town of Stafford and 25 miles northeast of the County Town of Shropshire. The town had a population of 11,387 at the 2011 census. The town lies approximately 9 miles from the M54, which provides access to the national road network.
Viewings
Strictly by prior arrangement with the selling agents.
Planning
Interested parties should make their own enquires.
The property is understood to benefit from planning consent for Use Class E of the Town and Country Use Classes Order 1987. The property is understood to be Grade 2 listed and situated in a conservation area.
Services
(Not tested at the time of inspection)
We understand that mains water, drainage and electricity are understood to be connected to the property which are currently sub metered to the respective parts.
Local Authority
Telford & Wrekin Council,
PO Box 457,
Wellington Civic Offices,
Telford,
TF2 2FH
Tenure
The property is for sale freehold with vacant possession subject to the following lease:-
Ground Floor and basement:
The lease is for a term of 5 years from 1st of July 2022 at a current rent of £8,000 on tenants internal repairing and insuring terms.
First and Second Floor: Vacant Possession
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.