×

Warning

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

SSTC £235,000

Watergate Street, Ellesmere, SY12 0EX

  • 10
  • Substantial town centre property
  • Including five 2 bed flats
  • Predominantly recently modernised
  • Potential income circa £21k pa
  • Large car park to rear
  • Grade II Listed building

A substantial town centre Grade II Listed Building comprising five 2 bedroom flats, together with a large car park to the rear, providing an ideal investment purchase with a potential gross annual income in the region of £21,000.

DESCRIPTION

Halls are delighted with instructions to offer Watergate House, 37 Watergate Street, Ellesmere, for sale by private treaty.

37 Watergate Street is a substantial town centre Grade II Listed Building comprising five 2 bedroom flats, together with a large car park to the rear, providing an ideal investment purchase with a potential gross annual income in the region of £21,000.

The building is divided in to five self-contained flats, four of which have been updated over the last few years, including the provision of new kitchens, bathrooms etc. The building, as a whole, has also undergone improvement works in recent years including updating of the electrical system and installation of the Rointe Kyros electric heaters.

Two of the flats are currently occupied on Assured Shorthold Tenancy agreements, whilst three of the flats have been left empty for ease of viewing whilst the property is sold.

Outside, there is a substantial car park to the rear providing ample parking and manoeuvring space to serve all five flats (please see plan attached).

The sale of 37 Watergate Street does, therefore, provide a rare opportunity for an ideally situated investment purchase of a substantial town centre building, the majority of which has been recently modernised and offers potential for an excellent annual return.

SITUATION

Watergate House Is situated within a short walk of the centre of Ellesmere. Ellesmere has an excellent range of local shopping, recreational and educational facilities, yet is within easy motoring distance of the larger centres of Oswestry (8 miles) and the county town of Shrewsbury (16 miles) which have a more comprehensive range of amenities of all kinds.

GROUND FLOOR FLAT 1

(currently occupied under an AST since June 2018 paying £365 per calendar month)Comprising:-Entrance Hall-Lounge/Dining Room - 4.30m x 3.10m-Kitchen - 3.45m x 1.89m-Bathroom-Bedroom 1 - 3.30m x 2.90m-Bedroom 2 - 3.69m x 2.70m

GROUND FLOOR FLAT 2

(currently vacant)Recently modernised comprising:-Reception Hall-Open plan Kitchen/Dining Room/Lounge - 5.10m x 4.50m-Bedroom 1 - 3.20m x 2.90m-Bedroom 2 - 3.70m x 2.00m-Bathroom

FIRST / SECOND FLOOR FLAT 3

(currently vacant)Recently modernised, over two floors, comprising:First Floor:-Entrance Hall-Kitchen/Living Room/Dining Room - 5.11m x 4.50mSecond Floor:-Landing-Bedroom 1 - 4.50m x 3.40m-Bedroom 2 - 3.30m x 2.00m-Bathroom

FIRST FLOOR FLAT 4

(currently vacant)Recently modernised comprising:-Entrance Hall-Lounge/Dining Room - 4.30m x 3.04m-Kitchen-Bedroom 1 - 4.90m x 3.89m-Bedroom 2 - 3.04m x 1.92m-Bathroom

SECOND FLOOR FLAT 5

(currently occupied under an AST since August 2018 paying £360 per calendar month)Recently modernised comprising:-Entrance Hall-Kitchen/Lounge/Dining Room - 5.27m x 4.70m-Bedroom 1 - 3.69m x 3.19m-Bedroom 2 - 3.46m x 2.20m-Bathroom

OUTSIDE

To one side of Watergate House is a vehicular access from Watergate Street leading to a substantial car park providing parking for all five flats.

N.B.

There is a vehicular Right of Way through the car park serving number 33 and 35 Watergate Street, as per the plan attached to these sales particulars.

LISTING & CONSERVATION AREA

We are informed that the property is Grade II Listed and is situated within the Conservation area of Ellesmere.

SERVICES

The property has a mains electricity and water supply.

TENURE

We are informed that the property is of Freehold tenure.

LOCAL AUTHORITY

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

COUNCIL TAX

Each flat is in Council Tax Band ' A ' on the Shropshire Council Register.

VIEWINGS

By appointment through 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

Stamp Duty Calculator

Stamp Duty Total

You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price above £125,000 when you buy residential property, eg a house or flat.

There are different rules if you’re buying your first home and the purchase price is £500,000 or less.

You’ll usually have to pay 3% on top of the normal SDLT rates if buying a new residential property means you’ll own more than one.

You won’t pay the extra 3% SDLT if the property you’re buying is replacing your main residence and that has already been sold.

Top