Description
PRIME INCOME PRODUCING INVESTMENT** Retail Unit over Lower ground, ground and first floor level in in EXCELLENT TRADING POSITION. Bargain World in occupation producing £28,000 per annum on a FRI lease
Let to Bargain World for a term of 15 years from 15 June 2021 Rent review every 5th year Rent: £28,000 per annum, on a full repairing and insuring lease.
Lower ground 65.77sq m (708 sq ft) Ground 508.43sq m (5,473 sq ft) First 47.69sq m (6,694 sq ft) First (30a) 95.35sq m (1,026 sq ft) Total 717.24sq m
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £28,000 PER ANNUM
Located in a prominent town centre location with neighbouring occupiers including Card Factory, Vision Express, The Works, Age UK Shoe Zone, Coral, Home Bargains and Hays Travel
PRIME INCOME PRODUCING INVESTMENT** Retail Unit over Lower ground, fround and first floor level in in EXCELLENT TRADING POSITION. Bargain World in occupation producing £28,000 per annum on a FRI lease Let to Bargain World for a term of 15 years from 15 June 2021 Rent review every 5th year Rent: £28,000 per annum, on a full repairing and insuring lease. Lower ground 65.77sq m (708 sq ft) Ground 508.43sq m (5,473 sq ft) First 47.69sq m (6,694 sq ft) First (30a) 95.35sq m (1,026 sq ft) Total 717.24sq m PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £28,000 PER ANNUM Located in a prominent town centre location with neighbouring occupiers including Card Factory, Vision Express, The Works, Age UK Shoe Zone, Coral, Home Bargains and Hays Travel
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 15 Years
Rent: £28,000 per year / £2,333 per month
Yield: 12% (approx)
Tenant: Company
Notes: Let to Bargain World for a term of 15 years from 15 June 2021 Rent review every 5th year Rent: £28,000 per annum, on a full repairing and insuring lease.
Maps & Location
Map Street View SatelliteThe property occupies an excellent town-centre position on Bailey Street, within the heart of Oswestry’s established pedestrianised shopping area. The immediate surroundings provide a wide range of amenities including national and independent retailers, cafés, restaurants, professional services and the popular indoor and outdoor markets, creating a busy and attractive environment for both businesses and visitors. The town is well connected by road, with the A5 and A483 providing convenient access towards Shrewsbury, Wrexham, Chester and the wider motorway network. Regular local bus services operate from the nearby town-centre bus station, while Gobowen railway station, approximately 2–3 miles away, provides mainline services towards Shrewsbury, Chester and beyond. The combination of a central commercial location, strong amenities and excellent transport connections makes Bailey Street an attractive location for occupiers and investors alike.
Document Downloads
Pricing Information & Bidding
Opening Bid: £225,000
What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price). How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.View Live Online Auction
Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Submit Offer Now
Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 2% of Sale Price (Minimum £3,250 + vat)
Use our DEPOSIT CALCULATOR to confirm the reservation deposit & buyers fee for this property at a specified bid level.
Calculate Deposit & Fee
STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 30Bailey Street, Bargain World, Oswestry, Shropshire