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FOR SALE Mixed Investment Comprising of a Lock up Shop Unit and Three Residential Flats Prominently Located in Frankwell, a Sought After Area of Shrewsbury Price

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FOR SALE Mixed Investment Comprising of a Lock up Shop Unit and Three Residential Flats Prominently Located in Frankwell, a Sought After Area of Shrewsbury Price FOR SALE ATTRACTIVE MIXED INVESTMENT OPPORTUNITY - RETAIL / RESIDENTIAL 124-125 Frankwell, Shrewsbury, Shropshire SY3 8JU Mixed investment comprising of a lock up shop unit and three residential flats Prominently located in Frankwell, a sought after area of Shrewsbury Price: £600,000 (exclusive) hallsgb.com 01743 450 700 FOR SALE MIXED INVESTMENT - SHOP & RESIDENTIAL 124-125 Frankwell, Shrewbury, Shropshire SY3 8JU Location Residential Element The property is prominently located fronting onto Ground Floor Frankwell on the edge of the town centre of Shrewsbury. Shared ground floor entrance from Frankwell into a The property is situated adjacent to the town’s theatre and in a sought after area of the Town. The property is common reception hallway located in area of mixed development close to the River Severn. Flat 1 First Floor Shrewsbury is the County Town of Shropshire and is an Reception Hallway 2232m x 7.751m administrative and tourist centre with a large catchment Bedroom 1 3.0009m x 4.735m population. The property is situated within close proximity of the town’s main car park at Frankwell. The Bathroom New University serving the town of Shrewsbury is Utility Room within close proximity to the property. Kitchen/ sitting Room 5.369m x 6.129m Description Second Floor An attractive prominently located property on the edge Bedroom 2 3.888m x 3.975m of Shrewsbury Town Centre which was comprehensively refurbished approximately 10 years ago. The property (with access onto outside seating area) comprises of a tenanted lock up shop unit with three two bedroomed tenanted flats one benefiting from an Outside integral garage. Seating Area on wooden veranda, access from Bedroom 2 The property comprises of a three storey property which is arranged to provide a ground floor lock up shop unit which is tenanted and three two bedroomed Flat 2 flats. The property is Grade 2 Listed and benefits from Ground Floor entrance numerous attractive features within the commercial and residential elements of the property. The property First Floor was the subject of a comprehensive scheme of Kitchen 4.256m x 6.054m conversion and refurbishment works approximately 10 years ago which included reroofing, replacement of Sitting Room 5.488m x 5.5m windows and overhaul of the services. Second Floor The shop unit is accessed directly off Frankwell and bathroom benefits from a large dual shop frontage. The floor Bedroom 1 3.212m x 5.275m area of the shop unit is subdivided into three sections. The flats are accessed directly off Frankwell and Third Floor provide three large two bedroomed flats arranged over Bedroom 2 4.739m x 2.253m the three floor levels of the property. Flat 1 benefits at second floor level from access onto an external seating Flat 3 area and Flat 3 benefits on the ground floor from an First Floor integral garage, which is accessed directly off Nettles Lane. The flats are all well presented and benefit from Reception Hallway appropriate fire and smoke detection systems for their Bedroom 1 current multi occupation. Kitchen/Dinner 4.403m x 6.717m (with attractive full glazed rear Elevation) Accommodation Storeroom (All measurements are approximate) Ground Floor Commercial Element Bedroom 2 3.729m x 3.729m Shop unit at 124-125 Frankwell Bathroom Total Net Internal Floor Area 901 ft sq (84.65 m sq) Garage All the flats are attractively presented and the quality of the accommodation can only be fully appreciated by an inspection of the property being undertaken. hallsgb.com FOR SALE MIXED INVESTMENT - SHOP & RESIDENTIAL 124-125 Frankwell, Shrewbury, Shropshire SY3 8JU Planning Rateable value The ground Floor shop benefits from A1 (retail) use The purchasers should rely on their own enquiries under The Town and Country Use Classes Order to the charging authority. 1987. Rateable value 2015/16 : £7,700 The residential accommodation benefits from C3 Rates Payable 2015/16 : £1,407.20 (residential) use under the Town and Country Use Classes Order 1987. Council Tax - Residential Flats 1-3) The property is understood to be Grade II Listed. All Band B Interested parties are recommended to make their Energy Performance Rating own enquiries to the local planning department. The shop unit is listed and therefore an EPC is not required. Price £600,000 (Exclusive). The Residential flats are rated as follows: VAT Flat 1 - Rated B84 The property is understood to be elected for VAT. Flat 2 - Rated C76 VAT is not payable on the residential element of the Flat 3 - Rated C73 property. It is proposed that the sale should proceed by way of a TOGC (Transfer as a going concern), Legal costs therefore VAT will be payable, if the property is Each party responsible for their own legal costs. The initiated by a Vat elected party. Further details can incoming purchaser is to be responsible for the be provided upon request from the selling agents. Landlords costs in approving the assignments. Tenure Services The freehold interest is offered for sale freehold (Not tested at the time of our inspection) (subject to the following occupational tenancies) The properties benefit from gas fired central heating. The Ground Floor shop - Let to Indigo Severn Limited to Jessica’s Bridal and Evening Wear The property is served by one mains supply of gas, Limited (with a guarantor Sharon Kidson). The electricity and water and then the supplies are sub- lease is for a term of 4 years from June 2015, at a metered to the respective units. Further details can rent of £9,600 per annum increasing to £12,000 per be provided upon request. annum in June 2017. The lease is granted on tenants Internal Repairing and Insuring Terms. Local Authority Shropshire Council, Shirehall, Abbey Foregate, Flat 1 is currently subject to an assured shorthold Shrewsbury SY2 6ND Telephone: 0345 678 9000 tenancy to Melanie Ward at a rent of £600 per month. Flat 2 is currently subject to an assured shorthold tenancy to Jamie George at a rent of Financial Act 1989 £600 per month. Flat 3 is currently subject to an We understand that the property is liable for VAT. Any assured shorthold tenancy to Kira Westfall at a intending Lessee should satisfy themselves rent of £625 per month. independently as to VAT in respect of any transaction. Fixtures and Fittings Items usually classed as tenants fixtures and fittings are including in the sale. Items of a personal/domestic nature including those within the sub-let flats are excluded. hallsgb.com Shrewsbury / West Midlands / Worcester FOR SALE MIXED INVESTMENT - SHOP & RESIDENTIAL 124-125 Frankwell, Shrewbury, Shropshire SY3 8JU Agency / Investment / Valuation / Professional / Management / Development FOR SALE MIXED INVESTMENT - SHOP & RESIDENTIAL 124-125 Frankwell, Shrewbury, Shropshire SY3 8JU hallsgb.com Shrewsbury / West Midlands / Worcester FOR SALE MIXED INVESTMENT - SHOP & RESIDENTIAL 124-125 Frankwell, Shrewbury, Shropshire SY3 8JU Agency / Investment / Valuation / Professional / Management / Development FOR SALE MIXED INVESTMENT - SHOP & RESIDENTIAL 124-125 Frankwell, Shrewbury, Shropshire SY3 8JU 01743 450 700 James Evans E: [email protected] Rebecca Welch E: [email protected] 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 consitute part of an over 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 existance 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 . hallsgb.com Shrewsbury / West Midlands / Worcester.
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