Retail premises for sale in Green End (Bredwood Arcade), Whitchurch SY13

Detailed Description

Imperial Properties are proud to offer this fantastic shopping precinct known as Bredwood Arcade set in the heart of the historic market town of Whitchurch.
The Arcade is centrally located and consists of 15 retail units with an Annual Rent roll of Approx £144,400 Commercial & £52,500 Residential representing a healthy 8% - 8.5% yield.

Tenants range from multi national companies to small independents retailers. All units are occupied with rents ranging from £2,600 - £20,000 per annum.

Bredwood Arcade comprises of a purpose-built parade of shops being built in the 1960's - there are 7 new build apartments above the three main shops at the front of the Arcade. The apartments would achieve £500-£550 pcm.

Potential development opportunity on two existing flat roofs which could accommodate another 5 - 10 apartments. (Outlined in Red) birds eye view. There is also the opportunity to procure the building next door Bredwood Arcade this is two existing retail shops with Full Planning for 1 x 1 Bed apartment and potential for 4 further more apartments. (Draft plans completed)

This would make an excellent bolt on purchase for experienced Retail Investor or Investment company. For more information or to book a viewing please contact the Commercial Sales Team.