5 Queen Street
Market Drayton, TF9 1PXThe Space
ATTRACTIVE FREEHOLD MIXED-USE INVESTMENT OPPORTUNITY IN TOWN CENTRE LOCATION
At a glance
| Property Type | Investment / Mixed Use / Other / Retail |
| Tenure | For Sale |
| Size | 1,249 sq ft |
| Price | Offers in the region of £150,000 |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | This property has been graded as C (72) |
Prees
165 mins
Whitchurch (Shropshire)
172 mins
Wrenbury
177 mins
Wem
199 mins
Chesham
2213 mins
Amersham
2246 mins
Chalfont and Latimer
2278 mins
Reading
2292 mins
Key Points
- Attractive three storey mixed use commercial / residential investment property.
- Comprising a single retail unit with two residential apartments on the upper floors.
- Occupying a convenient location within Market Drayton Town Centre.
- Located amongst a range of national and independent retailers.
- Currently generating a combined rental income of £15,650 per annum exclusive.
Description
The property comprises an attractive three storey mixed use investment opportunity providing a ground floor retail unit with two separate self-contained 1 and 2-bed apartments on the upper floors.
The retail unit provides well-appointed accommodation with an attractive glazed frontage and having been fit out to a modern standard with kitchenette and toilet facilities.
The upper floors provide manageable and well-appointed residential accommodation with separatee ground floor access at the front.
Available area
The accommodation comprises the following areas:
| Description | sq ft | sq m |
|---|---|---|
| Retail Shop | 503 | 46.73 |
| Apartment 1 | 380 | 35.30 |
| Apartment 2 | 366 | 34 |
| Total | 1,249 | 116.03 |
The Location
The property occupies a convenient location within the pedestrianised area of Market Drayton town centre with a range of local and national retailers nearby. The property is also within a short walking distance of the town’s main pay and display car parks and other amenities.
Market Drayton is the third largest market town in Shropshire with a population exceeding 12,000 people and boasts excellent road networks, being approximately 15 miles from the M6 and 20 miles from the M54, with the County Town of Shrewsbury being 21 miles to the south via A53.
Terms
The property is offered For Sale inviting offers in the region of £150,000 for the freehold interest subject to the existing tenancies. A sale at this level reflects a gross yield of 10.43%.