Holly House, Minsterley, Shropshire, SY5 0BA Price
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Holly House, Minsterley, Shropshire, SY5 0BA Price: £325,000 For Sale Subject to contract Virtual Tour Available Retail with Residential Above Virtual Tour Available Retail Virtual Tour Available Adjacent Retail Mixed Use Commercial and Residential Freehold Investment Opportunity Current Total Income £12,600 per annum Estimated Total Income Fully Let Retail & Residential: £27,600 per annum Includes 3 Bed Apartment (garages/garden) and 3 Retail Units Scope For Redevelopment DESCRIPTION The investment comprises a site including a main building which consists of a spacious and well presented first and second floor, 3 bedroom self-contained apartment with garages and garden, together with 2 retail units on the ground floor and storage building at the rear. There is also a third self contained retail unit on the site. The apartment, accessed via staircase at the rear of the main building, includes kitchen, utility, living room and dining room at first floor and three large double bedrooms and family bathroom at second floor. There are excellent views to Holly Trinity Church, Minsterley Brook and The Stiperstones, a National Nature Reserve, Site of Special Scientific Interest and part of the Shropshire Hills Area of Outstanding Natural Beauty. On the ground floor, there are two self contained retails unit. A butcher shop, let to let to a sole trader on a tenants internal repairing and insuring basis, for a term of 2 years expiring in July 2022, and at a rent of £5,400pa. The second retail unit, a former post office, is vacant with the estimated rental value being £6,400 per annum. On the other side of the accessway into the site, there is a third retail unit consisting of a single storey, detached building. It is currently occupied as a takeaway and let to a sole trader trading as LIttle Efes, on tenants full repairing and insuring terms, for a term of 15 years to expire on 26 June 2023. The passing rent is £7,200 per annum. Further external accommodation comprises a vacant single storey storeroom with gas central heating and attached w.c. and wash hand basin. There is potential to convert the vacant former post office to residential use, subject to planning. SITUATION The properties occupy a prominent position in the centre of the village of Minsterley, adjacent to the Minsterley Brook. The property is well situated with links to the A49, A5 and A458, giving good access to Shrewsbury (10 miles), Ludlow (30 miles) and Welshpool (15 miles). The area is a popular destination for tourists, being on the edge of the the Shropshire Hills Area of Outstanding Natural Beauty. Minsterley has a population of 1,777 (2011 census). Shrewsbury is the county town of Shropshire, with a population of circa 100,000. ACCOMMODATION (All measurements are approximate and are on a net internal floor area basis) Main Building Ground Floor Retail Area (Butchers): 31.05 sq m (334 sq ft) Retail Area (Currently Vacant): 87.34 sq m (940 sq ft) First Floor Residential Apartment (To be sold Vacant) 165 sq m (1,776 sq ft) Ancillary Buildings Retail Unit (Takeaway) 45 sq m (484 sq ft) Garages 19 sq m (311 sq ft) Outbuildings 31 sq m (341 sq ft) TENURE The whole site is available for sale on a freehold basis. A sale of individual parts of the site will also be considered. COSTS Each party to pay their own legal costs. SERVICES Mains services are understood to be available as follows (subject to connection charges by the utility companies): Apartment: Gas, Electric & Water Former Post Office: Electric & Water Butchers: Electric & Water EPC Energy Performance Asset Rating: Apartment: C (75) Former Post Office: D (91) Butchers: C (75) Outbuildings: E (115) Retail Unit (Little Efes Takeaway) G RATING ASSESSMENT We advised by the Local Authority that the current assessment is: Zone Rateable Value: Rates Payable 2020/21: Residential Accommodation Tax band C Tax band C Retail Area (Currently Vacant) 6400 3193.60 Retail Area (Butchers) 4150 2070.85 Self Contained Retail Unit (Little Efes Takeaway) 5900 2944.10 Prospective occupiers are recommended to make their own enquiries with the Local Authority for verification. TOWN PLANNING/USE We understand that the existing use is a mix of classes: Retail), Takeaway, Business, Class Residential of the Town & Country Planning Act 1987 (Use Classes) Order. Prospective occupiers are recommended to make their own enquiries to ensure their proposed use falls within the appropriate use classes. LOCAL AUTHORITY Shropshire Council, The Shirehall, Abbey Foregate, Shrewsbury, SY2 6ND 0345 678 9000 FIXTURES & FITTINGS All items usually classed as tenant’s fixtures and fittings, and not mentioned in these details, are excluded from the sale price. VAT All prices and any rents mentioned in these particulars and subsequent correspondence are exclusive of VAT if applicable. VIEWING By arrangement with Cooper Green Pooks - ask for Alessio Dyfnallt [email protected] Or Lizzy McNally [email protected] VIRTUAL TOUR Click Here Retail with Residential Above https://my.matterport.com/show/?m=Z9sggU8x8fm Click Here Retail https://my.matterport.com/show/?m=u9qYCKzN1eU Click Here Adjacent Retail https://my.matterport.com/show/?m=C2bGDtmdd31 Reproduced from the Ordnance Survey Map containing Ordnance Survey data © Crown copyright and database right 2010-12. With the permission of © OpenStreetMap contributors. OpenStreetMap® is open data, licensed under the Open Data Commons Open Database License (ODbL) by the OpenStreetMap Foundation (OSMF). Data is available under the Open Database Licence, and the cartography is licenced as CC BY-SA and may be found at https://www.openstreetmap.org/copyright. IMPORTANT NOTICE: Cooper Green Pooks for themselves and for the lessors or vendors of this property whose agents they are give notice that: 1 No appliances, services or service installations have been tested and no warranty as to suitability or serviceability is implied. Any prospective purchaser or lessee is advised to obtain verification from their surveyor or solicitor. 2. The particulars are set out as a general outline only for the guidance of the intended purchasers or lessees and do not constitute, nor constitute part of, an offer or contract. 3. All descriptions, reference to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representation of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. 4. No person in the employment of Cooper Green Pooks has any authority to make or give any representation or warranty whatsoever in relation to this property. 5. All rentals and prices are quoted exclusive of Stamp Duty, legal and surveyors fees and any other associated purchasers or lessees costs. 6. Floor plans are indicative only and should not be relied on. 7. The plan showing the boundary of the property is indicative only and has not been checked against the legal title so should not be relied on. 8. All dimensions, floor areas and site areas are only approximate and should not be relied on. Dimensions are generally maximum room dimensions. .