£2,250,000

Mixed Investment Portfolio, Whitchurch SY13 1AA

Office Details

Bowmen Way
Battlefield
Shrewsbury
Shropshire SY4 3DR

Tel: 01743 450 700

View 18 Photos

Property Features

  • Multi-Let Investment Property Portfolio in the
  • Centre of Whitchurch.
  • The Portfolio Comprises of a Variety of mainly
  • retail and commercial properties, with some residential.
  • Asset management opportunity
  • The properties provide an attractive Net Initial

Property Description

Whitchurch is a market town in Shropshire, 2

miles (3 km) east of the Welsh boarder on the

North Shropshire Plain in the Welsh Marches,

close to the Cheshire Boarder. It is the oldest

continuously inhabited town in Shropshire. The

town is 20 miles (30 km) North of the county town

of Shrewsbury, 20 miles (30 km) South of Chester

and 15 miles ( 24 km) East of Wrexham.

The properties are located in the town centre

of Whitchurch, which is an established market

town serving the North of Shropshire.

Watergate Street, High Street, Mill Street and Green

End are the main retail street in the town centre.

The properties are surrounded by a variety of

national, regional and local retailers. Whitchurch is a

growing town, with a variety of ongoing residential

developments.

Multi-Let Investment Property Portfolio in the

Centre of Whitchurch.

The Portfolio Comprises of a Variety of mainly

retail and commercial properties, with some

residential.

Asset management opportunity

The properties provide an attractive Net Initial

Yield of 7.11%.

The properties are let on a variety of

occupational tenancies and provide a rare

opportunity to acquire property interests with

significant management potential.The portfolio comprises of :

22-22 Green End

Two ground floor lock up units which currently trade as a hairdressers and a Retail Unit and four residential units ( 3 of which are flats).

Rosemary Lane Garage

Commercial vehicle workshop with car parking area to the front.

10-10a Mill Street

Two storey property, ground floor lock up shop unit and with ancillary accommodation and separate two bedroom flat.

21,21a,21b Green End

Ground floor shop unit and two residential units with parking.

33 High Street

Ground floor shop unit with a long leasehold on a flat.

6-8 Watergate Street

Three lock up shops with a residential flat above.

Lord Hill House

Lock up shop units over ground and lower floor with four flats above.

45/45a High Street

Grade 11 listed building with main retail area at front with storage area and WC to rear.

PLEASE SEE ATTACHED BROCHURE ATTACHED.The total income currently being received under 17 leases is £169,659 per annum which equates to a Net Initial Yield of 7.11% and a Net Reversionary Yield of 7.19% after allowing for purchasers costs.

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