MapGuide price
£110,000 | 1,066 sq ftIndustrial development for sale
65 High Street, Newport, TF10 7AU
Auction
Industrial development
1,066 sq ft / 99 sq m
Features and description
- Tenure: Freehold
- Prominently located in the town centre of the sought after town of Newport
- Surrounding occupiers include Greggs, HSBC, Dominos and Sue Ryder
- Rent £12,100 per annum
- Lease term certain of approximately 5 years
- Future asset management potential
Description
The property comprises of an attractive three storey mid terraced property with a basement area. The lock up shop unit is of traditional brick construction with an element of timber framework under a tiled roof cover and a fully glazed shop front. The
property provides a Ground Floor Net Sales Area of approximately 370 ft sq (34.39 m sq) and an ancillary sales area to the first floor with a Total Net Sales Area of approximately 390 ft sq (36.25 m sq) and ancillary accommodation to the second floor and a basement area that is accessed from the ground floor sales area.
The property provides a well tenanted income producing shop unit that has pedestrian access to the front and rear of the property. All parking is on street.
Location
The property is prominently located fronting onto High Street in the centre of the sought after town of Newport. The property is located on the southwest side of High Street. High Street serves as the prime retail street in the town of Newport. The property is located in proximity to a number of national multiple retailers including Greggs, Sue Ryder, Dominos and HSBC. The property has pedestrian access to the rear.
Newport provides a thriving retail centre benefiting from significant recent residential development on the edge of the town.
Newport is a market town in the borough of Telford and Wrekin in Shropshire, England. It lies 7 miles (11 km) north-east of Telford town centre, 12 miles (19 km) west of Stafford, and is near the Shropshire-Staffordshire border. The 2001 census recorded 10,814 people living in the town's parish, which rose to 11,387 by the 2011 census.
Terms
The property is understood to be of freehold title and owned under Title Number SL212763.
The property is to be sold subject to a lease dated 6th of November 2024 between Gorki Limited and Oasis Communication Services Limited (Company Number 03343039) for a term of 5 years from 25th of December 2024 at a rent of £12,100 per annum
on Tenants Internal Repairing with responsibility for the maintenance of the shop front and Full Insuring Basis.
A copy of the lease is available from the selling agents.
Guide Price/Reserve
£110,000 (One Hundred & Ten thousand pounds) (Exclusive)
*Guides are provided as an indication of each seller’s minimum expectation they are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Each property will be offered subject to a reserve [a figure below which the Auctioneer cannot sell the property during the auction] which we expect will be set within the Guide Range or no more than 10% above a single figure guide.
The property is offered for sale by public auction on Friday 28th of February at 3pm at Halls Holdings House, Bowmen Way, Battlefield, Shrewsbury, Shropshire, SY4 3DR.
Method of Sale
The property is offered for sale by public auction on Friday 28th of February at 3pm at Halls Holdings House, Bowmen Way, Battlefield, Shrewsbury, Shropshire, SY4 3DR.
Buyers Permium
In addition to the contract deposit required, buyers should note when bidding, that on the fall of the gavel, they will be responsible for paying a Buyer’s Premium as noted on individual lots. This is additional to the purchase price and set at 2.5% plus VAT of the “hammer price”, subject to a minimum fee of £2,500 plus VAT (£3,000).
Please bring with you the means to pay both the deposit and the Buyer’s Premium.
Money Laundering Regulations
PLEASE NOTE that any person buying or bidding at auction MUST produce TWO forms of *identification documentation. One to confirm their name and residential address, i.e. utility bill or bank statement and one photo ID, i.e. passport or driving licence. We
will be unable to accept your bid unless you have registered with us and produced suitable ID.
Conditions of Sale
Please note that the property is sold in accordance with the Common Auction Conditions [4th Edition March 2018] (a copy of which is included with the Legal Pack). Special Conditions of Sale relating to each lot are available upon request from the Auctioneers or the Vendors Solicitor prior to the auction.
The contract and special conditions of sale will not be read out by the auctioneers at the auction but will be available for inspection at the auctioneer’s offices or the vendors solicitors for a period before the auction date. Purchasers will be deemed to have inspected these Special Conditions of Sale and will be legally bound by these conditions which will form part of and will be attached to the Sale Memorandum.
Payment of Deposit
The successful buyer of each lot will be required to pay a deposit of 10% of the purchase price (subject to a minimum of £1,000) to the vendors’ solicitor prior to leaving the saleroom. Any deposit payments collected by Halls Holdings Limited will incur a 1% service charge. PLEASE NOTE THAT WE DO NOT ACCEPT ANY FORM OF CASH DEPOSIT OR CREDIT CARDS.
Rights of Way Easements/Wayleaves
The land will be sold subject to any wayleaves, public or private rights of way, easements and covenants and all outgoings whether mentioned in the sales particulars or not.
Town and Country Planning
The land will be sold subject to any development plan, tree preservation order, town planning schedule, resolution or notice which may be or come to be in force, subject to any road widening or improvement schemes, land charges and statutory or provisional by-laws without any obligation on the vendor to specify them.
Boundaries, Roads and Fences
The Purchasers shall be deemed to have full knowledge of the boundaries and roads and neither the Vendor nor the Agent will be responsible for defining the ownership of boundary hedges or fences.
Services
(not tested at the time of our inspection)
All mains services are understood to be connected to the property. The property has a gas fired central heating system.
Planning
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 located in a Conservation Area.
Solicitors
PCB Solicitors LLP – Rachel Wierzbinski
Shrewsbury Business Park,
Cypress Centre,
Sitka Dr,
Shrewsbury SY2 6LG
Call:[use Contact Agent Button]
[use Contact Agent Button]
Local Authority
Telford and Wrekin Council
Darby House
Lawn Central
Town Centre
Telford
TF3 4JA
The property comprises of an attractive three storey mid terraced property with a basement area. The lock up shop unit is of traditional brick construction with an element of timber framework under a tiled roof cover and a fully glazed shop front. The
property provides a Ground Floor Net Sales Area of approximately 370 ft sq (34.39 m sq) and an ancillary sales area to the first floor with a Total Net Sales Area of approximately 390 ft sq (36.25 m sq) and ancillary accommodation to the second floor and a basement area that is accessed from the ground floor sales area.
The property provides a well tenanted income producing shop unit that has pedestrian access to the front and rear of the property. All parking is on street.
Location
The property is prominently located fronting onto High Street in the centre of the sought after town of Newport. The property is located on the southwest side of High Street. High Street serves as the prime retail street in the town of Newport. The property is located in proximity to a number of national multiple retailers including Greggs, Sue Ryder, Dominos and HSBC. The property has pedestrian access to the rear.
Newport provides a thriving retail centre benefiting from significant recent residential development on the edge of the town.
Newport is a market town in the borough of Telford and Wrekin in Shropshire, England. It lies 7 miles (11 km) north-east of Telford town centre, 12 miles (19 km) west of Stafford, and is near the Shropshire-Staffordshire border. The 2001 census recorded 10,814 people living in the town's parish, which rose to 11,387 by the 2011 census.
Terms
The property is understood to be of freehold title and owned under Title Number SL212763.
The property is to be sold subject to a lease dated 6th of November 2024 between Gorki Limited and Oasis Communication Services Limited (Company Number 03343039) for a term of 5 years from 25th of December 2024 at a rent of £12,100 per annum
on Tenants Internal Repairing with responsibility for the maintenance of the shop front and Full Insuring Basis.
A copy of the lease is available from the selling agents.
Guide Price/Reserve
£110,000 (One Hundred & Ten thousand pounds) (Exclusive)
*Guides are provided as an indication of each seller’s minimum expectation they are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Each property will be offered subject to a reserve [a figure below which the Auctioneer cannot sell the property during the auction] which we expect will be set within the Guide Range or no more than 10% above a single figure guide.
The property is offered for sale by public auction on Friday 28th of February at 3pm at Halls Holdings House, Bowmen Way, Battlefield, Shrewsbury, Shropshire, SY4 3DR.
Method of Sale
The property is offered for sale by public auction on Friday 28th of February at 3pm at Halls Holdings House, Bowmen Way, Battlefield, Shrewsbury, Shropshire, SY4 3DR.
Buyers Permium
In addition to the contract deposit required, buyers should note when bidding, that on the fall of the gavel, they will be responsible for paying a Buyer’s Premium as noted on individual lots. This is additional to the purchase price and set at 2.5% plus VAT of the “hammer price”, subject to a minimum fee of £2,500 plus VAT (£3,000).
Please bring with you the means to pay both the deposit and the Buyer’s Premium.
Money Laundering Regulations
PLEASE NOTE that any person buying or bidding at auction MUST produce TWO forms of *identification documentation. One to confirm their name and residential address, i.e. utility bill or bank statement and one photo ID, i.e. passport or driving licence. We
will be unable to accept your bid unless you have registered with us and produced suitable ID.
Conditions of Sale
Please note that the property is sold in accordance with the Common Auction Conditions [4th Edition March 2018] (a copy of which is included with the Legal Pack). Special Conditions of Sale relating to each lot are available upon request from the Auctioneers or the Vendors Solicitor prior to the auction.
The contract and special conditions of sale will not be read out by the auctioneers at the auction but will be available for inspection at the auctioneer’s offices or the vendors solicitors for a period before the auction date. Purchasers will be deemed to have inspected these Special Conditions of Sale and will be legally bound by these conditions which will form part of and will be attached to the Sale Memorandum.
Payment of Deposit
The successful buyer of each lot will be required to pay a deposit of 10% of the purchase price (subject to a minimum of £1,000) to the vendors’ solicitor prior to leaving the saleroom. Any deposit payments collected by Halls Holdings Limited will incur a 1% service charge. PLEASE NOTE THAT WE DO NOT ACCEPT ANY FORM OF CASH DEPOSIT OR CREDIT CARDS.
Rights of Way Easements/Wayleaves
The land will be sold subject to any wayleaves, public or private rights of way, easements and covenants and all outgoings whether mentioned in the sales particulars or not.
Town and Country Planning
The land will be sold subject to any development plan, tree preservation order, town planning schedule, resolution or notice which may be or come to be in force, subject to any road widening or improvement schemes, land charges and statutory or provisional by-laws without any obligation on the vendor to specify them.
Boundaries, Roads and Fences
The Purchasers shall be deemed to have full knowledge of the boundaries and roads and neither the Vendor nor the Agent will be responsible for defining the ownership of boundary hedges or fences.
Services
(not tested at the time of our inspection)
All mains services are understood to be connected to the property. The property has a gas fired central heating system.
Planning
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 located in a Conservation Area.
Solicitors
PCB Solicitors LLP – Rachel Wierzbinski
Shrewsbury Business Park,
Cypress Centre,
Sitka Dr,
Shrewsbury SY2 6LG
Call:[use Contact Agent Button]
[use Contact Agent Button]
Local Authority
Telford and Wrekin Council
Darby House
Lawn Central
Town Centre
Telford
TF3 4JA
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.