Retail premises for sale in Cross Street, Oswestry SY11

Investment Consideration:
Gross Initial Yield: 5.14%
Rental Income: £9,500 p.a.
VAT is not applicable to this property
Comprises ground floor shop with ancillary accommodation at first, second and third floor
Upper floors can be accessed internally or externally from the rear of the building
Future residential development potential, subject to obtaining the necessary consents
Situated on one of the town's main retail thoroughfares close to the junction with Leg Street, opposite British Red Cross and amongst retail occupiers such as Coral, Sports Direct, Poundland and many more.

Property Description:
Comprises ground floor shop with ancillary at first, second and third floor. The upper parts benefit from separate access from the rear, providing residential development potential, subject to obtaining planning. The property provides the following accommodation and dimensions:
Ground Floor: Retail Shop - 90 sq m (969 sq ft)
First Floor: 2 Rooms - 44 sq m (474 sq ft)
Second Floor: 3 Rooms - 41 sq m (445 sq ft)
Third Floor: 3 Rooms - 34 sq m (365 sq ft)
Total gia: 209 sq m (2,253 sq ft)

Tenancy:
The entire property is at present let to House of Jumble and The Comic Vault Ltd for a term of 6 Years from 20th December 2019 at a current rent of £9,500 p.a. And the lease contains full repairing and insuring covenants. Deposit held of £2,500.

Location:
Oswestry is an established market town located approx. 35 miles west of Stoke-on-Trent and approx. 15 miles north-west of Shrewsbury benefitting from good road links via the A5/M54. The property is located on one of the town's main retail thoroughfares close to the junction with Leg Street opposite British Red Cross and amongst such multiples as Barnardo's, Coral, Sports Direct, Poundland, Hays Travel and many more.