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No longer on the market

This property is no longer on the market

Property

Property
1,538 sq ft / 143 sq m
Added > 14 days

Features and description

  • Investment for sale by auction
  • A prominently located convenience store with a 1 bedroomed residential apartment above in the centre of the village of Prees
  • Rental income of £15,600 per annum
  • Unexpired lease term of approximately 8 years
  • Future development potential (subject to statutory consents)
The property comprises of a part two and part single storey mid terraced property that is of traditional construction. It is arranged to provide a ground floor shop unit that is trading as a convenience store on the ground floor with a Total Sales Area of approximately 886 ft sq and ancillary accommodation.



The first floor of the property provides a 1 bedroomed residential flat with a ground floor entrance. At the rear of the property there is a car parking/yard area.



The property is located in the centre of the village of Prees fronting onto Shrewsbury Road, which serves as the main road through the centre of the village. The property is located in an area of mixed development.



Prees is a village in North Shropshire, where the majority of local amenities are available. The village had a population of 2,895 at the 2011 census.



The A41 and the A49 pass by either side of the village. The village has a railway station.



The village is situated approximately 17 miles north of the County Town of Shrewsbury and approximately 9 miles south of the town of Whitchurch.




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About this agent

Halls - Commercial Property
Halls - Commercial Property
Halls Holdings House, Bowmen Way, Battlefield Shrewsbury, Shropshire SY4 3DR
01743 534860
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Halls 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.
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