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Description
PRIME INCOME PRODUCING INVESTMENT** Retail Unit over ground and first floor level in EXCELLENT TRADING POSITION. Vision Express UK Limited in occupation producing £12,800 per annum on a FRI lease
Let to Vision Express for a term of 5 years from 15 June 2024 Rent review every 5th year Rent: £12,800 per annum, on a full repairing and insuring lease.
The area has been calculated to extend to the following net areas: Ground 65sq m (700 sq ft) First 20.4sq m (220 sq ft) Total 85.4sq m (919 sq ft)
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £12,800 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 ground and first floor level in EXCELLENT TRADING POSITION. Vision Express UK Limited in occupation producing £12,800 per annum on a FRI lease Let to Vision Express for a term of 5 years from 15 June 2024 Rent review every 5th year Rent: £12,800 per annum, on a full repairing and insuring lease. The area has been calculated to extend to the following net areas: Ground 65sq m (700 sq ft) First 20.4sq m (220 sq ft) Total 85.4sq m (919 sq ft) PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £12,800 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: 5 Years
Rent: £12,800 per year / £1,067 per month
Yield: 13% (approx)
Tenant: Company
Notes: Let to Vision Express for a term of 5 years from 15 June 2024 Rent review every 5th year Rent: £12,800 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: £100,000
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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)
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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, Oswestry, Shropshire