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£300,000

Horsefair, 1A Abbey Foregate, Shrewsbury, Shropshire SY3 7FA

743 Sq ft.
  • Retail Investment Let to a national covenant with an attached property suitable for residential conversion (subject to statutory consents)
  • Grade II listed

The property is situated fronting onto Horsefair in Abbey Foregate on the edge of Shrewsbury Town Centre, where all local amenities are available. Shrewsbury also benefits from being a historic and tourist centre.



The property comprises of a part two storey and part single storey property which is currently trading as a betting office for William Hill. To the rear of the property there is a two storey property, which is sold with vacant possession, which is in need of a comprehensive scheme of refurbishment works. The property benefits from vehicular access from Horsefair and would lend itself to a variety of uses subject to the receipt of the relevant statutory consents.



The property is understood to be Grade II listed.All measurements are approximate.



1A Horsefair

Ground Floor Sales Area 1276 ft ²

Staffroom 41 ft² (3.81 m²)

Staff Toilet

Toilet

Disabled Toilet



First Floor Stores 945 ft² (98.78 m²)



Rear Structure (Dilapidated)



Ground Floor 743 ft² (69.02 m²)

First Floor 743 ft² (69.02 m²)The freehold interest in the property is sold subject to the following occupational tenancy.



Address Tenant Lease Commencement Date Lease Expiry Date Rent Review/Tenants Option to Determine Repairing Obligations Rent

Ground and First Floors to 1A Horsefair, Abbey Foregate, Shrewsbury SY3 7FA Camec Limited 12th April 2005 11th April 2025 12th April 2015 (the rent review for 12th April 2012 has not been initiated Full Repairing and Insuring £13,250

Property at rear Vacant possessionVerbal enquiries were made to the charging authority and we were advised as follows:-



Unit 1A (Rateable Value £10,750)

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