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Industrial Unit

Industrial Unit For Sale Market Drayton

PROPERTY ID: 128347

PROPERTY TYPE

Industrial Unit

STATUS

Available

SIZE

21,780 sq.ft

Key Features

A prominently located mixed retail and residential investment with over 72% of the current income secured from national covenants
Net Initial Yield of 10.5% after allowing for normal purchasers costs
Current income £220,850 per annum
Prominently located property in the town centre of Market Drayton

Property Details

The Property Comprises Of A Detached Part Three, Part Two And Part Single Storey Property That Is Arranged To Provide Two Lock Up Shop Units And 14 Two Bedroomed Residential Apartments. The Modern Detached Property Is Of Traditional Construction With Glazed Frontages At Ground Floor Level To Three Elevations Of The Property. The Property Is Held Under The Ownership Of Title Number Sl67563. The Two Lock Up Shop Units Have A Ground Floor Sales Area And A First Floor Ancillary Accommodation. Units 1 And 2 (savers) Has A Ground Floor With A Total Gross Floor Area Of Approximately 4,618 Ft Sq (428.98 M Sq) And First Floor With A Total Gross Floor Area Of Approximately 1,843 Ft Sq (171.20 M Sq). Unit 3 (b & M Not In Occupation) Has A Ground Floor With A Total Gross Floor Area Of Approximately 9,039 Ft Sq (839.67 M Sq) And A First Floor With A Total Gross Floor Area Of Approximately 2,503 Ft Sq (232.51 M Sq). The 14 Two Bedroomed Residential Apartments (2 Of The Residential Flats Have Been Sold Off On Long Leasehold Tenures Of 999 Years At Peppercorn Rents) Have A Self Contained Ground Floor Entrance On Frogmore Road. Within The Property Ownership There Is Car Parking And A Servicing Yard. Two Of The Car Parking Spaces Have Been Sold Off And Are In The Ownership Of The Two Residential Flats That Have Been Sold On Long Leasehold Tenures. The Flats Are All Separately Metered And Therefore In The Future The 12 Residential Flats That Are Currently Income Producing Could Be Sold Off On Long Leasehold Tenures Providing A Very Valuable Asset Management Opportunity. The Property Benefits From Access From Frogmore Road.

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About the Agent

Halls Holdings Ltd

See Agent's Other Properties

Industrial Unit

£1,975,000 Freehold

Royal Oak Court, Market Drayton, TF9 3FD
Industrial Unit - Available
21,780 sq ft
2,023 sqm
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