The property is situated on the edge of Shrewsbury Town Centre in Old Coleham which is in an area of mixed development. Shrewsbury is the County Town of Shropshire and is an administrative centre for the County.
The property provides a part 2-storey and part single storey building comprising of offices and workshop space which could potentially provide internal car parking. The property would lend itself to a variety of potential uses, subject to the receipt of the relevant Planning Consents. Due to the property being situated in an area of mainly residential development, there is potential for redevelopment and, therefore, the property will be of potential interest to residential and property developers/speculators.
The property provides total accommodation of approximately 3632ft² (337.39m²) arranged over the 2 floors.Ground Floor
Reception Lobby with stairs to First Floor
Office 1 213 Ft². 19.76 M²
Staff Room 28 Ft². 2.63 M²
Store 24 Ft². 2.18 M²
Lobby/Circulation Area 70 Ft². 6.53 M²
Office 2 6.53 Ft². 21.54 M²
Warehouse 2, 029 Ft². 188.74 M²
Staff Room 20 Ft². 1.835 M²
Office 3 101 Ft². 9.346M²
Office 4 122 Ft². 11.34 M²
Office 5 169 Ft². 15.69 M²
Office 6 128 Ft². 11.85 M²
Staff Room 46 Ft². 4.29 M²
Office 7 74 Ft². 6.90 M²
Office 8 94 Ft². 8.75 M²
Office 9 285 Ft². 26.46 M²
Total Site Area: 0.09 Acres (0.0365 Hectares)The Freehold Interest in the property is offered for sale with the benefit of Vacant Possession. The property is also offered to let on a New Tenants Full Repairing and Insuring Lease for a length of term by negotiation. There will be rent reviews at 3-yearly intervals. The lease will be excluded from the Landlord & Tenant Act 1954 Part II.
The property is offered for sale at a price of offers in the region of £185,000 (exclusive).
The property is offered to let at an asking rent of £15,000 per annum (exclusive). Quoting Terms for renting separate parts of the property are available, upon request.Verbal enquiries were made to the Local Charging Authority and we were advised as follows:
Ground Floor, 42 Old Coleham, Shrewsbury: Rateable Value £7,400
42A Old Coleham, Shrewsbury: Rateable Value £2,900
42B Old Coleham, Shrewsbury: Rateable Value £3,450
The rates payable will be dependent upon issues like small business relief which are personal to the tenant occupier.
Prospective tenants and purchasers are recommended to make their own enquiries regarding the Rates.