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Price on Application (POA)

An abbreviation for "Price on Application" which indicates that price is not quoted publicly and will be revealed to qualified occupiers.
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Property Detail Under OfferThis Property is Unavailable

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17 Berriew Street, Welshpool
Property Detail Area

ABOUT THIS PROPERTY

A prominently positioned lock-up shop unit providing a ground floor sales area of approximately 3,599 sq ft (334.39 m sq) and additional ancillary accommodation arranged over the first and second floor. The premises are prominently situated on Berriew Street within Welshpool town centre, with nearby occupiers including the Morrisons, HSBC, Royal Oak Hotel, professional firms including accountants and insurance brokers and a range of retailers. There is short stay on-street parking nearby, together with a range of public car parks. Welshpool railway station is a short distance away. Welshpool (population 6,500) is a busy country market town serving the Border Counties area, with good links to Newtown (14 miles), Oswestry (16 miles) and Shrewsbury (22 miles). It has a busy livestock market and commercial area to the east of the railway station Business The business is reluctatntly offered for sale due to the retirment of existing propritors. The business offers the opportunity to purchase a long established business with a local clientel. The business trades for 6 days a week and there is potential to enhance the business the business turn over by establishing contracts with local authority. The business is currently run by the propriotor and her son. Detailed audited accounts are available by request from the selling agents. Ground Floor Sales Area: 2,281 sq ft (211.91 sq m) External Storage: 343 sq ft (31.95 sq m) First Floor Showroom 514 sq ft (47.79 sq m) Second Floor Storage 460 sq ft (42.74 sq m)The property is subject to an existing Lease for a term of 15 years expiring on 14th June 2014 at a current rent of £6,500 per annum. The lease is granted on tenants full repairing and insuring liability. As the current Lease has expired the business owners are currently on a month by month rolling contract with the property owners. A new lease will be granted to the purchasers for a term by negotiation.We have made verbal enquiries to the local authority and have been advised as follows: - Business Rates (14/15): £6,005.25 Rateable Value: £12,750 However interested parties should make their own enquiries to the local authority.

Price on Application (POA)

An abbreviation for "Price on Application" which indicates that price is not quoted publicly and will be revealed to qualified occupiers.
POA i