Retail premises for sale in Haygate Road, Wellington Telford TF1
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
Rare commercial investment opportunity for sale currently let to Tesco Stores Limited until 2037.
Investment Summary
• Let to Tesco Stores Limited, providing a total of approximately 2,226 sq ft on a site of 0.23 acres.
• Annual Rent of £26,875 per annum, equating to an average rent of approximately £12 per sq ft
• Offers are sought in the region of £420,000 (four hundred and twenty thousand pounds) subject to contract and exclusive of VAT. A purchase price at this level reflects an attractive Gross Yield of 6.40% and a low capital value of £188.68 per sq ft.
Description
The property comprises a detached property of brick construction. The property benefits from off road customer to the front of the property and additional parking to the rear of the property. The property is currently let to Tesco Stores Limited until 2037.
Location
Wellington is a market town of Telford, located 3 miles north-west of Telford town centre and 12 miles east of Shrewsbury. The property is located off Haygate Road.
Situation
The property occupies a highly visible roadside location fronting Haygate Road. The property is also situated within a densely populated residential area.
Floor Area
The property comprises approximately 2,226 sq ft.
The purchaser is to rely on their own investigations regarding the floor areas.
Tenure
Freehold (Title Number: SL209723). A copy of the Title Registers and Plans is available upon request.
VAT
The property is elected for VAT. It is envisaged that the sale can be treated as a transfer of a going concern (togc).
Business Rates
Interested parties should rely on their own investigations through the local authority.
Legal Costs
Each part will be responsible for their own legal costs.
Epcs
Energy performance certificates available on request.
Anti-Money Laundering
Any potential purchaser will be required to share relevant information to comply with anti-money laundering checks.
Term
The property is let to Tesco Stores Limited on a 40-year lease ending in 2037.
A copy of the lease agreements can be provided upon request.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Berrys, SY2 on +44 1743 534599 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Berrys, and do not constitute property particulars. Please contact Berrys for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
.png){kind=logo}