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£725,000

42 High Street, Whitchurch, Shropshire SY13 1BB

11325.6 Sq ft.
  • Substantial Investment/Development opportunity (existing business unaffected)
  • The property is in part income producing
  • Two completed residential apartments and five residential apartments under conversion
  • The property benefits from a Mews Cottage at the rear of the main structure offering further residential development potential, subject to statutory consents
  • Former Stable block offering further residential conversion/commercial potential (subject to statutory consents)
  • Generous sized car park

The property offers the opportunity to acquire a part income producing investment/development opportunity benefiting from an existing planning consent for conversion into 7 residential apartments. There are two residential apartments that have been completed and five of the residential flats that are under conversion. The property also benefits from a two storey property mews cottage, which offers potential for a further residential conversion subject to statutory consents.

The main property comprises of a substantial property, which is of a part three and part two storey property with a basement area. The property is of traditional construction.

The property is arranged to provide a ground floor shop premises and basement area that is in use as a butchers. The upper floors provide the residential apartments.

At the rear of the site there is a detached building fronting onto Newtown, which is a former stable block and is currently in use as stores. The property offers potential for residential conversion, subject to statutory consents.

The property benefits from a generous sized car park.

The property has significant development potential and has a Total Site Area of approximately 0.105 hectares(0.26 acres).

The property will be of interest to property investors, property developers and speculators and the full potential of the property can only be appreciated by undertaking an inspection of the property.

NOTE: The former stables at the rear of the property and fronting onto Newtown maybe available by separate negotiation further details from the selling agents upon request.

The property is prominently located fronting onto High Street with access to the rear from Newtown within the town centre of Whitchurch.

Whitchurch is an established market town and administrative centre in North Shropshire where all local amenities are available. The town had a population of 9,781 at the 2011 census. The town is located approximately 21 miles from the City of Chester and approximately 21 miles from the County Town of Shrewsbury.

High Street serves as one of the main retail streets in the town centre. There are numerous national
retail multiples within proximity of the property including Costa and Betfred.

The property also benefits from vehicular access off Newtown at the rear of the property.

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