for sale substantial prominently located shop unit for sale ... - Halls
FOR SALE FOR SALE SUBSTANTIAL PROMINENTLY LOCATED SHOP UNIT SIGNIFICANT MIXED INVESTMENT PORTFOLIO FOR SALE
Additional description text would go here and here and here Town centre of Whitchurch, Shropshire
Price: Offers in excess of £2,250,000 (exclusive)
Equating to a Net Initial Yield of 7.11% and a Net Reversionary Yield of 7.19%
FOR SALE
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
Town centre of Whitchurch, Shropshire
INVESTMENT SUMMARY
LOCATION
DEMOGRAPHICS
■ Multi-Let Investment Property Portfolio in the Centre of Whitchurch.
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.
At the 2011 Census, the population of the town was 9,781.
■ 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.
PROPOSAL ■ Current Income: £169,659 per annum (Reversionary Income of £171,660 per annum)
The properties are located in the town centre of Whitchurch, which is an established market town serving the North of Shropshire.
The economy of the town rests mainly on providing services for the surrounding countryside of the North Shropshire Plains. Most of the retail stores are concentrated in the High Street and Green End. The railway service brings Whitchurch within commuting distance of Manchester (about one hour north) and Shrewsbury (thirty minutes south).
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.
■ Price: Offers in the region of £2,250,000.00 ■ Net Initial Yield: 7.11% after costs
HALLSGB.COM
01743 450 700
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
FOR SALE
20-22 Green End, Whitchurch, Shropshire SY13 1AA
SITUATION
22 Green End, Whitchurch, Shropshire SY13 1AA
The property is situated fronting onto Green End, in the town centre of Whitchurch, where all local amenities are available.
Floor
Green End is one of the main trading streets in Whitchurch town centres retail hierarchy.
DESCRIPTION The property comprises of two ground floor lock up shop units, which currently trade as a hair salon and art shop. The property is of traditional brick construction under a slate roof cover.
EPC 20 Green End
22 Green End
Area
Sq m
Sq ft
Retail Sales Area 46.77 503 Lobby 2.35 25 Toilet Total 197
TENURE The property is understood to be of Freehold Tenure under part of Land Registry Title Number SL141032.
TENANCY The property is subject to the following occupational tenancies. 20 Green End - The Lease is dated 1st February 2015 between Michael Bate, Linda Valerie Bate and Keith Edge for a term of 7 years from the 1st February 2015. The Lease is granted on Tenants Internal Repairing and Insuring Basis. The Lease is subject to a Tenants option to determine the lease at three months notice.
ACCOMMODATION (All measurements are approximate)
The rent is £6,500 oer annum
20 Green End, Whitchurch, Shropshire SY13 1AA Floor
Area
Sq m
Sq ft
Hairdresser Sales Area 35.05 377 Stores 4.312 46 Outside Toilet
22 Green End - Lease dated 1st March 2016 between Michael bate and Wesley Guildford for a term of 7 years commencing from 1st March 2016. The Lease is granted on Tenants Internal Repairing and Insuring Basis. The Lease is subject to an option to determine the Lease at six months notice. The rent is £7,000 per annum.
Total 423
HALLSGB.COM
01743 450 700
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
FOR SALE
Rosemary Lane Garage, Rosemary Lane, Whitchurch, Shropshire SY13 1EG
SITUATION
TENURE
The property is located fronting onto Rosemary Lane, The property is situated just on the edge of the centre of the town of Whitchurch, where all local amenities are available.
The property is understood to be of Freehold Tenure under part of Land Registry Title Number SL112707.
The property is situated in an area of mixed development and adjoining the Royal Mail Sorting Office.
TENANCY
DESCRIPTION
Lease dated 26th January 2006 between Mr & Mrs Bate and Mr J R Shelton and Mr P Harrell for a term of 10 years on Tenants Internal Repairing and Insuring Basis.
The property comprises of a commercial vehicle workshop providing Total Accommodation of approximately 264.14 sq m (2.843 sq ft) sitting on a Total Area of approximately 0.122 acres (0.04 hectares).
From the 5th May 2010 the lease has been assigned to Ian Lovatt. The current rent is £16,000 per annum.
The property is a traditional steel framework and benefits from a car parking forecourt area at the front of the property.
EPC
ACCOMMODATION (All measurements are approximate)
Floor
Area
Sq m
Sq ft
Total Gross Internal Floor Area 264.14 2.843 Total Site Area
0.122 Acres 0.04 Hectares
Total
HALLSGB.COM
01743 450 700
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
FOR SALE
10-10a Mill Street, Whitchurch, Shropshire SY13 1SE
SITUATION
10a Mill Street, Whitchurch, Shropshire SY13 1SE
The property is located fronting onto Mill Street, in the town centre of Whitchurch, where all local amenities are available.
Floor
Area
First
Bedroom 1 26.66 Shower room 7.489 Bedroom 2 8.651 Kitchen/diner 28
Whitchurch is an established administrative and market town serving North Shropshire.
DESCRIPTION The property comprises of a two storey property that is arranged to provide on the ground floor a lock up shop unit, which currently provides a Total Sales Area of approximately 51.88 sq m (558 sq ft) with ancillary accommodation.
Sq m
Sq ft
Total
TENURE
Then accessed from the courtyard area of the adjoining property there is a separate ground floor access that leads to a first floor two bedroomed flat.
The property is understood to be of Freehold Tenure. The property is held under Title Number SL87682.
TENANCY
EPC 10 Mill Street
10 Mill Street is subject to a lease dated1st July 2013 between Mr M Bate and Mrs L V Bate and New Trend GB Limited for a term of 3 years on a Tenants Internal Repairing and insuring basis at a rent of £5,400 per annum (the tenants are currently holding over).
10a Mill Street
10a Mill Street is subject to an assured shorthold tenancy between Mr M Bate and Mrs L V Bate let to Wayne Evans for a term of six months at a rent of £100 per week.
ACCOMMODATION (All measurements are approximate)
10 Mill Street, Whitchurch, Shropshire SY13 1SE Floor
Area
Sq m
Sq ft
Ground
Sales Area 51.88 558 Stores 1.87 20 Office 12.35 133 Staffroom 3.64 39
Toilets Total 750
HALLSGB.COM
01743 450 700
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
FOR SALE
21, 21a & 21b Green End, Whitchurch, Shropshire SY13 1AA
SITUATION
ACCOMMODATION
The property is situated fronting onto Green End, in the town centre of Whitchurch, where all local amenities are available.
(All measurements are approximate)
We understand that the property is of Freehold Tenure and are subject to the occupational tenancies as follows:
Green End is one of the main trading streets in the Whitchurch town centre retail hierarchy.
21 Green End, Whitchurch, Shropshire SY13 1AA
The Card Shop is let on a lease dated 31st December 2015 between Michael Bate and Karen Soler for a term of 3 years from 1st January 2016, at a rent of £7,000 per annum on a Tenants Full Repairing and Insuring Basis.
DESCRIPTION
Floor
Area
Sq m
TENANCY
Sq ft
The property comprises of a part two and part three storey property that is arranged to provide a ground floor shop unit, currently trading as a card retail shop and two residential units with parking at the rear of the property interest.
Ground Sales Area 39.95 430 Staffroom 12.52 135 Toilet
The property is of traditional brick construction under a slate roof cover.
EPC
21a Green End, Whitchurch, Shropshire SY13 1AA
21 Green End
21a is let on an assured shorthold tenancy agreement at a rent of £477 per calendar month to Andrew White (includes water rates). 21b is let on an assured shorthold tenancy agreement at a rent of £368 per calendar month to Gemma Johnson until 1st May 2017.
21a Green End
Floor
Area
Sq m
Sq ft
First Kitchen Shower Room Bedroom Second Landing Bedroom 2 21b Green End
21b Green End, Whitchurch, Shropshire SY13 1AA Floor
Area
Sq m
Sq ft
Ground First Outside
Kitchen Sitting Room Bedroom 1 Car Parking Area
TENURE The property is understood to be of Freehold Tenure under part of Land Registry Title Number SL141032.
HALLSGB.COM
01743 450 700
FOR SALE
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
33 High Street, Whitchurch, Shropshire SY13 1AZ
SITUATION
ACCOMMODATION
The property is situated fronting onto High Street, in the town centre of Whitchurch, where all local amenities are available. High Street is one of the main retail streets in Whitchurch town centre.
(All measurements are approximate)
DESCRIPTION The property comprises of a part two and part single storey property that is arranged to provide a ground floor shop unit trading currently as a restaurant. There is included in the ownership a residential flat that has been sold off on a long leasehold. The property is of traditional construction.
EPC
33 High Street, Whitchurch, Shropshire SY13 1AZ Floor
Area
Sq m
Sq ft
Ground Restaurant 28.33 305 Restaurant 45.80 493 Toilets Seating Area 56.80 677 Kitchen 6.22 67 Corridor Preparation 4.14 45 First Residential Flat - sold on a long leasehold Total 423
TENURE The property is understood to be of Freehold Tenure under part of Land Registry Title Number SL161741.
TENANCY We understand that the property is of freehold tenure and subject to a commercial lease as follows: The lease dated 1st September 2016 between Mr Michael Bate and Shaun and Sarah Robertshaw. The lease is for a period of 7 years from 1st September 2016. The lease is granted on Tenants Internal Repairing and Insuring Terms. The rent for the lease from 1st October 2016 to 31st August 2017 is £7,000 per annum. The rent from 1st September 2017 is £12,500 per annum. The residential flat pays an annual peppercorn rent.
HALLSGB.COM
01743 450 700
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
FOR SALE
6-8 Watergate Street, Whitchurch, Shropshire SY13 1DW
SITUATION
ACCOMMODATION
TENANCY
The property is located just off Watergate Street, with access also from the Tesco Supermarket car park. The property is situated in the town centre of Whitchurch, where all local amenities are available. Watergate Street is one of the main trading streets in Whitchurch town centre. There are a variety of national multiples in close proximity.
(All measurements are approximate)
6 Watergate Street is let on a lease dated 3rd August 2016 between Michael Bate and Paco Rincon Salas for a term of 5 years from 24th June 2016.
DESCRIPTION The property comprises of a part three and part two storey property that is arranged to provide three lock-up shops with a residential flat above. The property comprises of an estate agents, a beauty salon and a cafe / restaurant.
EPC 6 Watergate Street
8 Watergate Street
6 Watergate Street, Whitchurch
The current rent is £17,500 per annum.
Floor
Area
Sq m
Sq ft
Sales Area 61.39 Kitchen 15.93 Toilet
661 171
The lease is granted on a Tenants Internal Repairing and Insuring Terms. There is a rent review at the end of the third year.
Total 1,543
8 Watergate Street is let on a lease dated the 17th July 2007 between Michael Bate and Linda Valerie Bate and Halls Holdings Limited, for a term of 10 years from 17th July 2007. The current rent is £11,000 per annum, the lease is granted on a Tenants Internal Repairing and Insuring Basis.
8 Watergate Street, Whitchurch
Unit 3 is let on a lease dated 27th April 2016 between Michael Bate and Jessica Jones for a term of 3 years from 11th February 2016.
First
66.10 711
Floor
Area
Sq m
Sq ft
Sales Area 34.30 369 Office 18.88 203 Corridor 8.95 96
Staffroom 8.05
The rent is £13,500 per annum. The lease is granted on a Tenants Internal Repairing and Insuring Basis. The flat is let on let on an assured shorthold tenancy at a rent of £390 per calendar month.
87
Total 755 Flat above 6-8 Watergate Street
Flat above 6-8 Watergate Street, Whitchurch Floor
Area
Sq m
Sq ft
Bathroom Kitchen 8.04 Sitting Room 14.38 Bedroom 7.61 Bedroom 2 12.18
TENURE The property is understood to be of Freehold Tenure under part of Land Registry Title Number SL55273.
HALLSGB.COM
Store 5.216
Total
01743 450 700
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
FOR SALE
Lord Hill House, Whitchurch, Shropshire SY13 1SE
SITUATION
Flat 1 Lord Hill House, Whitchurch, Shropshire SY13 1SE
Flat 4 Lord Hill House, Whitchurch, Shropshire SY13 1SE
The property is located at the junction of Watergate Street with Mill Street. The property is situated in the Town Centre of Whitchurch, where all local amenities are available.
Floor
Floor
DESCRIPTION The property comprises of a four storey property which included a lower basement area. The property comprises of a lock up shop unit that is arranged over the ground and lower ground floor. The retail sales area benefits from separate entrances from both Watergate Street and Mill Street.
Area
Sq m
Sq ft
Hallway Shower Room 6.06 Bedroom 1 7.43 Bedroom 2 16.88 Kitchen/Diner 29.65
EPC Flat 1 - C - 71 Flat 2 - D - 65 Flat 3 - D -64 Flat 4 - D- 64
Flat 2 Lord Hill House, Whitchurch, Shropshire SY13 1SE Floor
Area
Sq m
Sq ft
Hallway Kitchen/Diner 21.35 Bedroom 1 8.60 Bedroom 2 13.71 Shower Room 5.53
ACCOMMODATION Ground Floor, Lord Hill House, Watergate Street Area
Sq m
Sq ft
Total Sales Area 151.80 1,634 Office 16.44 177 Lower ground 35.36 381 Stores 27.17 292 Basement Stores 130.78 1,408 Outside Stores 13.68
Sq ft
Hallway KIitchen/Diner 28.76 Bedroom 7.48 Bedroom 15.15 Shower Room 5.65 The property is understood to be of Freehold Tenure under part of Land Registry Title Number SL188454.
TENANCY The shop unit is subject to a lease dated the 1st January 2016 between Michael Bate and Sequential Limited with Guarantors of Nicola Bettison and Andrew Bettison, for a term of three years at a rent of £26,000 per annum Year 1; £27,000 per annum Year 2; £28,000 per annum Year 3. The lease is granted on a Tenants Internal Repairing and Insuring Basis. The residential flats are subject to the following assured shorthold tenancies; Flat 1 - £368.33 per month Flat 2 - £368.33 per month
(All measurements are approximate)
Floor
Sq m
TENURE
There is a separate ground floor entrance that provides access to 4 residential flats that are arranged over the first and second floors. At the rear of the property there is a covered store and an external stores area, which are demised to the shop unit.
Area
147
Flat 3 Lord Hill House, Whitchurch, Shropshire SY13 1SE Floor
Area
Sq m
Flat 3 - £390.00 per month Flat 4 - £368.33 per month
Sq ft
Hallway KIitchen/Diner 19.95 Bedroom 8.44 Bedroom 13.66 Shower Room 5.47
Total
HALLSGB.COM
01743 450 700
FOR SALE
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
45/45A High Street, Whitchurch, Shropshire SY13 1AZ
SITUATION The property is located fronting onto High Street.
ACCOMMODATION
The property is situated in the town centre of Whitchurch, where all local amenities are available. Watergate Street is one of the main trading streets in Whichurch town centre. there are a variety of national multiples in close proximity.
(All measurements are approximate)
DESCRIPTION
Floor
The property comprises a Grade II listed building with the main retail area to the front which is accessed from High Street, with a storage area and WC to the rear.
Ground Floor Front Sales Area 20.6 221 Rear store 8.2 88 WC
Outside, the property has access to a yard at the rear which can be accessed directly from the premises and also through a gate from the car park of the Black Bear Public House. This access also provides access to the self-contained flat which has accommodation over the first, second and third floors. The property has previously been used as a shop, however it would be suitable for a variety of uses to include cafe/restaurant, beauty salon, and many more, subject to the necessary statutory consents. The shop unit is currently vacant.
EPC 45 High Street
45 High Street, Whitchurch, Shropshire SY13 1AZ Area
Sq m
Sq ft
Flat at 45 High Street, Whitchurch, Shropshire SY13 1AZ Floor
Area
Sq m
Sq ft
First Floor Kitchen Living room Second Floor Bedroom Bathroom Third Floor Bedroom
TENURE Freehold Tenure under part of Land Registry Title Number SL120262
TENANCY The shop unit is vacant. The flat is let at assured shorthold tenancy agreement at a rent of £400 per month. Flat at 45A High Street
HALLSGB.COM
01743 450 700
FOR SALE
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
Whitchurch, Shropshire
PROPOSAL We are instructed to seek offers in the region of £2,250,000.00. Showing a Net Initial Yield of 7.11% and a Net Reversionary Yield of 7.19% aftr purchasing costs.
VAT The property is elected for VAT purposes. It is assumed that the investment will be treated as TOGC (Transfer of a Going Concern).
LEGAL COSTS Each of the parties are to be responsible to their own legal costs incurre in respect of this matter.
FURTHER INFORMATION For further information or to arrange an inspection of the properties please contact:
James Evans
E: [email protected]
Rebecca Welch
E: [email protected]
01743 450 700 IMPORTANT NOTICE Halls have advised their clients on the Code of Practice for Commercial Leases in England and Wales. Halls, for themselves and for the vendor of this property, or as the case may be, lessor whose agent they are, given notice that: i) These particulars are intended for guidance only. They are prepared and issued in good faith and are intended to give a fair description but do not constitute part of an offer or contract. Any information given should not be relied on as a statement or representation of fact or that the property or its services are in good condition. ii) Halls have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air and water contamination. The purchaser is responsible for making his or her own enquiries in this regard. iii) Neither Halls nor any of their employees has any authority
to make or give any representation or warranty whatsoever in relation to the property. iv) The images show only certain parts and aspects of the property at the time they were taken/created. Any areas, measurements or distances given are approximate only. Any plans are for identification purposes only. v) Any reference to alterations to, or use of, any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. An intending purchaser must verify these matters. An occupier should not rely upon the Use stated in these particulars and should check their proposed use with the relevant Planning Authority.
Additional description text would go here and here and here Town centre of Whitchurch, Shropshire
Price: Offers in excess of £2,250,000 (exclusive)
Equating to a Net Initial Yield of 7.11% and a Net Reversionary Yield of 7.19%
FOR SALE
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
Town centre of Whitchurch, Shropshire
INVESTMENT SUMMARY
LOCATION
DEMOGRAPHICS
■ Multi-Let Investment Property Portfolio in the Centre of Whitchurch.
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.
At the 2011 Census, the population of the town was 9,781.
■ 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.
PROPOSAL ■ Current Income: £169,659 per annum (Reversionary Income of £171,660 per annum)
The properties are located in the town centre of Whitchurch, which is an established market town serving the North of Shropshire.
The economy of the town rests mainly on providing services for the surrounding countryside of the North Shropshire Plains. Most of the retail stores are concentrated in the High Street and Green End. The railway service brings Whitchurch within commuting distance of Manchester (about one hour north) and Shrewsbury (thirty minutes south).
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.
■ Price: Offers in the region of £2,250,000.00 ■ Net Initial Yield: 7.11% after costs
HALLSGB.COM
01743 450 700
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
FOR SALE
20-22 Green End, Whitchurch, Shropshire SY13 1AA
SITUATION
22 Green End, Whitchurch, Shropshire SY13 1AA
The property is situated fronting onto Green End, in the town centre of Whitchurch, where all local amenities are available.
Floor
Green End is one of the main trading streets in Whitchurch town centres retail hierarchy.
DESCRIPTION The property comprises of two ground floor lock up shop units, which currently trade as a hair salon and art shop. The property is of traditional brick construction under a slate roof cover.
EPC 20 Green End
22 Green End
Area
Sq m
Sq ft
Retail Sales Area 46.77 503 Lobby 2.35 25 Toilet Total 197
TENURE The property is understood to be of Freehold Tenure under part of Land Registry Title Number SL141032.
TENANCY The property is subject to the following occupational tenancies. 20 Green End - The Lease is dated 1st February 2015 between Michael Bate, Linda Valerie Bate and Keith Edge for a term of 7 years from the 1st February 2015. The Lease is granted on Tenants Internal Repairing and Insuring Basis. The Lease is subject to a Tenants option to determine the lease at three months notice.
ACCOMMODATION (All measurements are approximate)
The rent is £6,500 oer annum
20 Green End, Whitchurch, Shropshire SY13 1AA Floor
Area
Sq m
Sq ft
Hairdresser Sales Area 35.05 377 Stores 4.312 46 Outside Toilet
22 Green End - Lease dated 1st March 2016 between Michael bate and Wesley Guildford for a term of 7 years commencing from 1st March 2016. The Lease is granted on Tenants Internal Repairing and Insuring Basis. The Lease is subject to an option to determine the Lease at six months notice. The rent is £7,000 per annum.
Total 423
HALLSGB.COM
01743 450 700
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
FOR SALE
Rosemary Lane Garage, Rosemary Lane, Whitchurch, Shropshire SY13 1EG
SITUATION
TENURE
The property is located fronting onto Rosemary Lane, The property is situated just on the edge of the centre of the town of Whitchurch, where all local amenities are available.
The property is understood to be of Freehold Tenure under part of Land Registry Title Number SL112707.
The property is situated in an area of mixed development and adjoining the Royal Mail Sorting Office.
TENANCY
DESCRIPTION
Lease dated 26th January 2006 between Mr & Mrs Bate and Mr J R Shelton and Mr P Harrell for a term of 10 years on Tenants Internal Repairing and Insuring Basis.
The property comprises of a commercial vehicle workshop providing Total Accommodation of approximately 264.14 sq m (2.843 sq ft) sitting on a Total Area of approximately 0.122 acres (0.04 hectares).
From the 5th May 2010 the lease has been assigned to Ian Lovatt. The current rent is £16,000 per annum.
The property is a traditional steel framework and benefits from a car parking forecourt area at the front of the property.
EPC
ACCOMMODATION (All measurements are approximate)
Floor
Area
Sq m
Sq ft
Total Gross Internal Floor Area 264.14 2.843 Total Site Area
0.122 Acres 0.04 Hectares
Total
HALLSGB.COM
01743 450 700
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
FOR SALE
10-10a Mill Street, Whitchurch, Shropshire SY13 1SE
SITUATION
10a Mill Street, Whitchurch, Shropshire SY13 1SE
The property is located fronting onto Mill Street, in the town centre of Whitchurch, where all local amenities are available.
Floor
Area
First
Bedroom 1 26.66 Shower room 7.489 Bedroom 2 8.651 Kitchen/diner 28
Whitchurch is an established administrative and market town serving North Shropshire.
DESCRIPTION The property comprises of a two storey property that is arranged to provide on the ground floor a lock up shop unit, which currently provides a Total Sales Area of approximately 51.88 sq m (558 sq ft) with ancillary accommodation.
Sq m
Sq ft
Total
TENURE
Then accessed from the courtyard area of the adjoining property there is a separate ground floor access that leads to a first floor two bedroomed flat.
The property is understood to be of Freehold Tenure. The property is held under Title Number SL87682.
TENANCY
EPC 10 Mill Street
10 Mill Street is subject to a lease dated1st July 2013 between Mr M Bate and Mrs L V Bate and New Trend GB Limited for a term of 3 years on a Tenants Internal Repairing and insuring basis at a rent of £5,400 per annum (the tenants are currently holding over).
10a Mill Street
10a Mill Street is subject to an assured shorthold tenancy between Mr M Bate and Mrs L V Bate let to Wayne Evans for a term of six months at a rent of £100 per week.
ACCOMMODATION (All measurements are approximate)
10 Mill Street, Whitchurch, Shropshire SY13 1SE Floor
Area
Sq m
Sq ft
Ground
Sales Area 51.88 558 Stores 1.87 20 Office 12.35 133 Staffroom 3.64 39
Toilets Total 750
HALLSGB.COM
01743 450 700
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
FOR SALE
21, 21a & 21b Green End, Whitchurch, Shropshire SY13 1AA
SITUATION
ACCOMMODATION
The property is situated fronting onto Green End, in the town centre of Whitchurch, where all local amenities are available.
(All measurements are approximate)
We understand that the property is of Freehold Tenure and are subject to the occupational tenancies as follows:
Green End is one of the main trading streets in the Whitchurch town centre retail hierarchy.
21 Green End, Whitchurch, Shropshire SY13 1AA
The Card Shop is let on a lease dated 31st December 2015 between Michael Bate and Karen Soler for a term of 3 years from 1st January 2016, at a rent of £7,000 per annum on a Tenants Full Repairing and Insuring Basis.
DESCRIPTION
Floor
Area
Sq m
TENANCY
Sq ft
The property comprises of a part two and part three storey property that is arranged to provide a ground floor shop unit, currently trading as a card retail shop and two residential units with parking at the rear of the property interest.
Ground Sales Area 39.95 430 Staffroom 12.52 135 Toilet
The property is of traditional brick construction under a slate roof cover.
EPC
21a Green End, Whitchurch, Shropshire SY13 1AA
21 Green End
21a is let on an assured shorthold tenancy agreement at a rent of £477 per calendar month to Andrew White (includes water rates). 21b is let on an assured shorthold tenancy agreement at a rent of £368 per calendar month to Gemma Johnson until 1st May 2017.
21a Green End
Floor
Area
Sq m
Sq ft
First Kitchen Shower Room Bedroom Second Landing Bedroom 2 21b Green End
21b Green End, Whitchurch, Shropshire SY13 1AA Floor
Area
Sq m
Sq ft
Ground First Outside
Kitchen Sitting Room Bedroom 1 Car Parking Area
TENURE The property is understood to be of Freehold Tenure under part of Land Registry Title Number SL141032.
HALLSGB.COM
01743 450 700
FOR SALE
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
33 High Street, Whitchurch, Shropshire SY13 1AZ
SITUATION
ACCOMMODATION
The property is situated fronting onto High Street, in the town centre of Whitchurch, where all local amenities are available. High Street is one of the main retail streets in Whitchurch town centre.
(All measurements are approximate)
DESCRIPTION The property comprises of a part two and part single storey property that is arranged to provide a ground floor shop unit trading currently as a restaurant. There is included in the ownership a residential flat that has been sold off on a long leasehold. The property is of traditional construction.
EPC
33 High Street, Whitchurch, Shropshire SY13 1AZ Floor
Area
Sq m
Sq ft
Ground Restaurant 28.33 305 Restaurant 45.80 493 Toilets Seating Area 56.80 677 Kitchen 6.22 67 Corridor Preparation 4.14 45 First Residential Flat - sold on a long leasehold Total 423
TENURE The property is understood to be of Freehold Tenure under part of Land Registry Title Number SL161741.
TENANCY We understand that the property is of freehold tenure and subject to a commercial lease as follows: The lease dated 1st September 2016 between Mr Michael Bate and Shaun and Sarah Robertshaw. The lease is for a period of 7 years from 1st September 2016. The lease is granted on Tenants Internal Repairing and Insuring Terms. The rent for the lease from 1st October 2016 to 31st August 2017 is £7,000 per annum. The rent from 1st September 2017 is £12,500 per annum. The residential flat pays an annual peppercorn rent.
HALLSGB.COM
01743 450 700
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
FOR SALE
6-8 Watergate Street, Whitchurch, Shropshire SY13 1DW
SITUATION
ACCOMMODATION
TENANCY
The property is located just off Watergate Street, with access also from the Tesco Supermarket car park. The property is situated in the town centre of Whitchurch, where all local amenities are available. Watergate Street is one of the main trading streets in Whitchurch town centre. There are a variety of national multiples in close proximity.
(All measurements are approximate)
6 Watergate Street is let on a lease dated 3rd August 2016 between Michael Bate and Paco Rincon Salas for a term of 5 years from 24th June 2016.
DESCRIPTION The property comprises of a part three and part two storey property that is arranged to provide three lock-up shops with a residential flat above. The property comprises of an estate agents, a beauty salon and a cafe / restaurant.
EPC 6 Watergate Street
8 Watergate Street
6 Watergate Street, Whitchurch
The current rent is £17,500 per annum.
Floor
Area
Sq m
Sq ft
Sales Area 61.39 Kitchen 15.93 Toilet
661 171
The lease is granted on a Tenants Internal Repairing and Insuring Terms. There is a rent review at the end of the third year.
Total 1,543
8 Watergate Street is let on a lease dated the 17th July 2007 between Michael Bate and Linda Valerie Bate and Halls Holdings Limited, for a term of 10 years from 17th July 2007. The current rent is £11,000 per annum, the lease is granted on a Tenants Internal Repairing and Insuring Basis.
8 Watergate Street, Whitchurch
Unit 3 is let on a lease dated 27th April 2016 between Michael Bate and Jessica Jones for a term of 3 years from 11th February 2016.
First
66.10 711
Floor
Area
Sq m
Sq ft
Sales Area 34.30 369 Office 18.88 203 Corridor 8.95 96
Staffroom 8.05
The rent is £13,500 per annum. The lease is granted on a Tenants Internal Repairing and Insuring Basis. The flat is let on let on an assured shorthold tenancy at a rent of £390 per calendar month.
87
Total 755 Flat above 6-8 Watergate Street
Flat above 6-8 Watergate Street, Whitchurch Floor
Area
Sq m
Sq ft
Bathroom Kitchen 8.04 Sitting Room 14.38 Bedroom 7.61 Bedroom 2 12.18
TENURE The property is understood to be of Freehold Tenure under part of Land Registry Title Number SL55273.
HALLSGB.COM
Store 5.216
Total
01743 450 700
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
FOR SALE
Lord Hill House, Whitchurch, Shropshire SY13 1SE
SITUATION
Flat 1 Lord Hill House, Whitchurch, Shropshire SY13 1SE
Flat 4 Lord Hill House, Whitchurch, Shropshire SY13 1SE
The property is located at the junction of Watergate Street with Mill Street. The property is situated in the Town Centre of Whitchurch, where all local amenities are available.
Floor
Floor
DESCRIPTION The property comprises of a four storey property which included a lower basement area. The property comprises of a lock up shop unit that is arranged over the ground and lower ground floor. The retail sales area benefits from separate entrances from both Watergate Street and Mill Street.
Area
Sq m
Sq ft
Hallway Shower Room 6.06 Bedroom 1 7.43 Bedroom 2 16.88 Kitchen/Diner 29.65
EPC Flat 1 - C - 71 Flat 2 - D - 65 Flat 3 - D -64 Flat 4 - D- 64
Flat 2 Lord Hill House, Whitchurch, Shropshire SY13 1SE Floor
Area
Sq m
Sq ft
Hallway Kitchen/Diner 21.35 Bedroom 1 8.60 Bedroom 2 13.71 Shower Room 5.53
ACCOMMODATION Ground Floor, Lord Hill House, Watergate Street Area
Sq m
Sq ft
Total Sales Area 151.80 1,634 Office 16.44 177 Lower ground 35.36 381 Stores 27.17 292 Basement Stores 130.78 1,408 Outside Stores 13.68
Sq ft
Hallway KIitchen/Diner 28.76 Bedroom 7.48 Bedroom 15.15 Shower Room 5.65 The property is understood to be of Freehold Tenure under part of Land Registry Title Number SL188454.
TENANCY The shop unit is subject to a lease dated the 1st January 2016 between Michael Bate and Sequential Limited with Guarantors of Nicola Bettison and Andrew Bettison, for a term of three years at a rent of £26,000 per annum Year 1; £27,000 per annum Year 2; £28,000 per annum Year 3. The lease is granted on a Tenants Internal Repairing and Insuring Basis. The residential flats are subject to the following assured shorthold tenancies; Flat 1 - £368.33 per month Flat 2 - £368.33 per month
(All measurements are approximate)
Floor
Sq m
TENURE
There is a separate ground floor entrance that provides access to 4 residential flats that are arranged over the first and second floors. At the rear of the property there is a covered store and an external stores area, which are demised to the shop unit.
Area
147
Flat 3 Lord Hill House, Whitchurch, Shropshire SY13 1SE Floor
Area
Sq m
Flat 3 - £390.00 per month Flat 4 - £368.33 per month
Sq ft
Hallway KIitchen/Diner 19.95 Bedroom 8.44 Bedroom 13.66 Shower Room 5.47
Total
HALLSGB.COM
01743 450 700
FOR SALE
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
45/45A High Street, Whitchurch, Shropshire SY13 1AZ
SITUATION The property is located fronting onto High Street.
ACCOMMODATION
The property is situated in the town centre of Whitchurch, where all local amenities are available. Watergate Street is one of the main trading streets in Whichurch town centre. there are a variety of national multiples in close proximity.
(All measurements are approximate)
DESCRIPTION
Floor
The property comprises a Grade II listed building with the main retail area to the front which is accessed from High Street, with a storage area and WC to the rear.
Ground Floor Front Sales Area 20.6 221 Rear store 8.2 88 WC
Outside, the property has access to a yard at the rear which can be accessed directly from the premises and also through a gate from the car park of the Black Bear Public House. This access also provides access to the self-contained flat which has accommodation over the first, second and third floors. The property has previously been used as a shop, however it would be suitable for a variety of uses to include cafe/restaurant, beauty salon, and many more, subject to the necessary statutory consents. The shop unit is currently vacant.
EPC 45 High Street
45 High Street, Whitchurch, Shropshire SY13 1AZ Area
Sq m
Sq ft
Flat at 45 High Street, Whitchurch, Shropshire SY13 1AZ Floor
Area
Sq m
Sq ft
First Floor Kitchen Living room Second Floor Bedroom Bathroom Third Floor Bedroom
TENURE Freehold Tenure under part of Land Registry Title Number SL120262
TENANCY The shop unit is vacant. The flat is let at assured shorthold tenancy agreement at a rent of £400 per month. Flat at 45A High Street
HALLSGB.COM
01743 450 700
FOR SALE
SIGNIFICANT MIXED INVESTMENT PORTFOLIO
Whitchurch, Shropshire
PROPOSAL We are instructed to seek offers in the region of £2,250,000.00. Showing a Net Initial Yield of 7.11% and a Net Reversionary Yield of 7.19% aftr purchasing costs.
VAT The property is elected for VAT purposes. It is assumed that the investment will be treated as TOGC (Transfer of a Going Concern).
LEGAL COSTS Each of the parties are to be responsible to their own legal costs incurre in respect of this matter.
FURTHER INFORMATION For further information or to arrange an inspection of the properties please contact:
James Evans
E: [email protected]
Rebecca Welch
E: [email protected]
01743 450 700 IMPORTANT NOTICE Halls have advised their clients on the Code of Practice for Commercial Leases in England and Wales. Halls, for themselves and for the vendor of this property, or as the case may be, lessor whose agent they are, given notice that: i) These particulars are intended for guidance only. They are prepared and issued in good faith and are intended to give a fair description but do not constitute part of an offer or contract. Any information given should not be relied on as a statement or representation of fact or that the property or its services are in good condition. ii) Halls have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air and water contamination. The purchaser is responsible for making his or her own enquiries in this regard. iii) Neither Halls nor any of their employees has any authority
to make or give any representation or warranty whatsoever in relation to the property. iv) The images show only certain parts and aspects of the property at the time they were taken/created. Any areas, measurements or distances given are approximate only. Any plans are for identification purposes only. v) Any reference to alterations to, or use of, any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. An intending purchaser must verify these matters. An occupier should not rely upon the Use stated in these particulars and should check their proposed use with the relevant Planning Authority.
