×

Warning

Cannot render background-image. We need to discuss how to specify them.

SSTC £400,000

New Street, Wem, SY4 5AE

  • 3
  • Residential/Commercial
  • Investment/Development
  • Large period building (6500 sqft)
  • Yard & storage buildings
  • Ext. to 0.67 ac
  • Convenient town centre location

A residential/commercial site extending to approximately 0.67 of an acre, currently comprising an extensive shop front, offices, storage buildings and a 3 bedroom first floor apartment, situated in the centre of Wem, providing significant development potential.

DESCRIPTION

Halls are delighted with instructions to offer Minton House and yard, New Street, Wem, for sale by private treaty.

Minton House is a substantial period building extending to over 6500 sq ft, comprising extensive shop frontage, offices, storage and a first floor 3 bedroom flat, together with a yard area/car parking, extending, in all, to approximately 0.67 of an acre, situated in the centre of Wem.

The property provides immense potential for a number of usages, including continuation of its current use as shop space/offices and residential flat, which, together, have been providing an annual income in the region of £35,000, with potential for segregation of the shop front to provide additional shop units and, therefore, additional income.

The site has previously had Planning Permission approved for 14 residential town houses (Application Number: N/06/1115/WU/178), which has now expired (2013), however, being centrally located in the town, we would assume that obtaining Planning Permission for a residential development of some kind would be reasonably straight forward.

There have been indicative schemes produced for the site, including up to 22 three storey residential properties, as well as a 39 apartment scheme, which shows the potential for a considerable residential development on the site.

The sale of Minton House and Yard does, therefore, provide a very rare opportunity for investors/developers to acquire this centrally located site with potential for a number of usages according to a purchasers requirements.

SITUATION

Minton House and Yard is situated on New Street in the centre of Wem with a Public footpath to the western boundary leading in to the centre of the town. Wem has an excellent range of local shopping, recreational and educational facilities. The larger centres, also, of Whitchurch (8 miles), Ellesmere (9 miles) and Shrewsbury (10 miles) are within easy motoring distance, all of which have a more comprehensive range of amenities of all kinds.

MINTON HOUSE

A substantial period building providing the following accommodation:

GROUND FLOOR SHOP PREMISES 1

(Currently occupied by Welch and Phillips Building Contractors Ltd.)

19m x 5m (62'4" x 16'5")

STORAGE ROOM 1

11.5m x 5m (37'9" x 16'5")

STORAGE ROOM 2

8.5m x 5.5m (27'11" x 18'1")

STORAGE ROOM 3

10m x 4.5m (32'10" x 14'9")

A separate access leads from New Street in to:

SHOP PREMISES 2

(Currently occupied by Sherratt Farm Supplies Ltd). Including:

OFFICE

5.24m x 4.125m (17'2" x 13'6")

OFFICE

4.5m x 4.35m (14'9" x 14'3")

FIRST FLOOR (OFFICE ACCOMMODATION)

(Currently occupied by Welch and Phillips Building Contractors Ltd).

OFFICE 1

5.6m x 4.2m (18'4" x 13'9")

OFFICE 2

4.5m x 4.35m (14'9" x 14'3")

FILING ROOM

3.1m x 2m (10'2" x 6'7")

OFFICE 3

5m x 3.5m (16'5" x 11'6")

OFFICE 4

4m x 4m (13'1" x 13'1")

OFFICE 5

5m x 2.65m (16'5" x 8'8")

OFFICE 6

5m x 4.64m (16'5" x 15'3")

MINTON HOUSE FIRST FLOOR FLAT

(currently occupied by a private tenant).With independent side access leading to a stairway which rises to a:

LOUNGE

5m x 4.2m (16'5" x 13'9")

KITCHEN

5m x 3m (16'5" x 9'10")

BEDROOM 1

3m x 2.5m (9'10" x 8'2")

BEDROOM 2

3.7m x 2.3m (12'2" x 7'7")

BEDROOM 3

3.7m x 2.3m (12'2" x 7'7")

OUTSIDE

The property fronts on to New Street with direct access from the road leading to Wem Business Park. There is ample parking and manoeuvring space with room for parking and manoeuvring a number of vehicles. The yard is currently occupied by Welch and Phillips Building Contractors Ltd., as a 'builders yard'.

There are three substantial outbuildings currently utilised for storage, including:

STORE SHED 1

18.5m x 5.5m (60'8" x 18'1")

STORE SHED 2

18.5m x 5.5m (60'8" x 18'1")

WORKSHOP

18.5m x 5.5m (60'8" x 18'1")

PLANNING PERMISSION

Outline Planning Permission for 'renewal of an extant Planning Permission N/06/1115/WU/178, Outline the erection of 14 town houses following demolition of the existing buildings' was granted on 2nd March 2010 (Application Number 09/03627/OUT). This Planning Permission has now expired. However, the property is located in the centre of the town a, therefore, we would expect that obtaining Planning Permission would be reasonably straightforward (subject to design etc.).

CONSERVATION AREA

The property is located within the Conservation Area of Wem and Conservation Area Consent was granted for the above mentioned Outline Planning Permission on 2nd March 2010 (Application Number: 10/00041/CON). This Conservation Area Consent has now expired.

TENANCIES

-The majority of Minton House and surrounding yard and storage buildings are currently occupied by Welch and Phillips Building Contractors Ltd.

-Office space within Minton House is occupied by Sherratt Farm Supplies Ltd.

-The first floor three bedroom apartment is currently occupied by a private tenant.

We are informed, by the current vendor, that all tenancies can be ended, if required, with a 3 month notice period.

The current total yearly income is in the region of £35,000.

SERVICES

We understand that the property has the benefit of mains water, gas, electricity and drainage.

LOCAL AUTHORITY

Shropshire Council, Shirehall, Abbey Foregate, Shrewsbury, Shropshire, SY2 6ND.

BOUNDARIES, ROADS & FENCES

The purchaser (s) shall be deemed to have full knowledge of the boundaries and neither the vendor nor the agent will be responsible for defining the ownership of the boundary fences and hedges.

RIGHTS OF WAY

The land will be sold subject to any wayleaves, public or private rights of ways, easements and covenants whether mentioned in these sale particulars or not.

TENURE

The property is said to be of freehold tenure and vacant possession will be given on completion of the purchase.

VIEWING

The site can be viewed from a drive/walk by, however, for a detailed 'walk around' and an internal viewing of Minton House please contact the selling agent Halls, The Square, Ellesmere, Shropshire. Tel:(01691) 622602.

Halls Holdings Ltd and any joint agents for themselves, and for the Vendor of the property whose Agents they are, give notice that: (i) These particulars are produced in good faith, are set out as a general guide only and do not constitute any part of a contract (ii) No person in the employment of or any agent of or consultant to Halls Holdings has any authority to make or give any representation or warranty whatsoever in relation to this property (iii) Measurements, areas and distances are approximate, Floor plans and photographs are for guidance purposes only (photographs are taken with a wide angled / zoom lenses) and dimensions shapes and precise locations may differ (iv) It must not be assumed that the property has all the required planning or building regulation consents. Halls Holdings Ltd, Halls Holdings House, Bowmen Way, Battlefield, Shrewsbury, Shropshire SY4 3DR. Registered in England 06597073.

read more...

Ellesmere

Ellesmere is a small historic market town in North Shropshire, named after Ellesmere, one of the largest meres outside of the Lake District.

Often referred to as

Read More
Top