57 High Street
Bridgnorth, WV16 4DXThe Space
SUBSTANTIAL TOWN CENTRE INNVESTMENT/ DEVELOPMENT OPPORTUNITY OCCUPYING A PRIME TOWN CENTRE LOCATION
At a glance
| Property Type | Development / Investment / Retail / Retail - In Town |
| Tenure | For Sale |
| Size | 4,315 sq ft |
| Price | Offers in the region of £495,000 |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | Upon enquiry |
Cosford
175 mins
Shifnal
178 mins
Albrighton
183 mins
Telford Central
195 mins
Chesham
1850 mins
Reading
1865 mins
Amersham
1878 mins
Twyford
1906 mins
Key Points
- Substantial Grade II listed 3 storey investment/development property.
- Expansive ground floor retail accommodation with additional storage on the upper floors.
- Potential residential conversion on the upper floors, subject to planning.
- Currently fully let on an all-inclusive basis producing an annual income of £67,397, including utility and occupational costs for the tenants.
- Occupying a sought-after town centre location on the High Street of Bridgnorth.
- Located opposite the Town Hall and close to a number of national occupiers.
Description
The property comprises a substantial Grade II listed investment/ development opportunity extending in total to approx 4,315 sqft. (400.9 sqm). being arranged over three floors and basement.
The ground floor comprises open plan retail accommodation arranged over 3 levels benefitting from two separate access points off the High Street and basement cold stores to the front of the retail unit. The upper floors provide ancillary storage facilities, and have the potential for residential conversion, subject to planning.
The property also benefits from an extensive plot of land to the rear having views across Bridgnorth Low Town and the potential for development or other uses, subject to planning.
The property is currently fully let to 3 individual tenants producing an annual income of £67,397. This income is inclusive of the tenant's utility and occupational costs which are payable by the Landlord.
All of the tenancy agreements are due to expire on 30th April 2027 and are excluded from protection of the Landlord and Tenant Act 1954.
Details of the tenancy agreements and financial accounts for the property are available upon request.
Available area
The accommodation comprises the following areas:
| Description | sq ft | sq m |
|---|---|---|
| Middle Retail Area | 503 | 46.73 |
| Rear Retail Area | 1,287 | 119.57 |
| Basement Cold Store | 76 | 7.06 |
| Front Retail Area | 784 | 72.84 |
| Store 1 | 432 | 40.13 |
| Store 2 | 288 | 26.76 |
| Store 3 | 298 | 27.69 |
| Store 1 | 204 | 18.95 |
| Store 2 | 29 | 2.69 |
| Store 3 | 165 | 15.33 |
| Store 4 | 249 | 23.13 |
| Total | 4,315 | 400.88 |
The Location
The property occupies a highly prominent location fronting the main High Street, situated amongst a mix of local and national retailers including Boots Pharmacy, FATFACE, Trespass and Holland & Barrett. The property is within a short walking distance of the main public car park with on-street parking also available in High Street, itself.
Bridgnorth is a popular and busy Market Town and tourist centre serving a wide catchment area being situated approximately 20 miles south east of Shrewsbury on the A458 and 15 miles west of Wolverhampton via the A454.
Terms
The property is currently fully let to 3 individual tenants producing an annual income of £67,397. This income is inclusive of the tenant's utility and occupational costs which are payable by the Landlord.
All of the tenancy agreements are due to expire on 30th April 2027 and are excluded from protection of the Landlord and Tenant Act 1954.
Details of the tenancy agreements and financial accounts for the property are available upon request.