2-4 Crown Street and 2b Bell Street Wellington, Nr Telford Shropshire TF1 1LP

2-4 Crown Street and 2b Bell Street
Wellington, Nr Telford
Shropshire
TF1 1LP

Freehold Retail and Residential Investment

Includes Three Retail Units and Three Flats
Historic Market Town in Shropshire
Prominent Town Centre Location on Pedestrianised Street
Close to Wellington Train Station
Nearby occupiers include Greggs, Subway, Halifax and TSB

Lot
33
Auction
4th November 2021
Rent
£47,080 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Investment

Includes Three Retail Units and Three Flats
Historic Market Town in Shropshire
Prominent Town Centre Location on Pedestrianised Street
Close to Wellington Train Station
Nearby occupiers include Greggs, Subway, Halifax and TSB

Lot 33
Auction 4th November 2021
Rent £47,080 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 3 miles west of Telford; 30 miles north west of Birmingham
Roads: A5, A442,
Rail: Wellington Train Station
Air: Birmingham Airport

Situation

The property is situated in the centre of Wellington between the east side of the busy Crown Street and the west side of Bell Street and benefits from being on a busy pedestrianised shopping street close to Wellington Train Station. Nearby occupiers include Greggs, Subway, Halifax, TSB and many local cafes, shops and restaurants.

Tenure

Freehold.

Location

Miles: 3 miles west of Telford; 30 miles north west of Birmingham
Roads: A5, A442,
Rail: Wellington Train Station
Air: Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises three retail units and three flats. Two retail units front Crown Street with retail accommodation on the ground floor and basement and further residential accommodation on the upper two floors comprising 2 one bedroom flats and 1 two bedroom flat. The third retail unit fronts bell street comprising ground floor retail accommodation.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

Please see legal pack at www.acuitus.co.uk

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

Please see legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
2 Crown Street	Ground	Retail	49.00 sq m	(525 sq ft)	THE LITTLE GREEN PANTRY (2)	3 years from 14/06/2021	£7,500	(13/06/2024)
4 Crown Street	Ground Basement	Retail Ancillary	60.10 sq m 64.20 sq m	(646 sq ft) (691 sq ft)	INDIVIDUAL t/a The Music Vault (2)	5 years from 18/06/2021	£11,000	(17/06/2026)
2b Bell Street	Ground	Retail	27.40 sq m	(295 sq ft)	INDIVIDUAL (2)	3 years from 25/08/2021	£6,500	(24/08/2024)
2a Crown Street	First	Residential	1 Bedroom Flat		INDIVIDUAL	12 month AST from 24/09/2021	£7,140	(23/09/2022)
2b Crown Street	First	Residential	1 Bedroom Flat		INDIVIDUAL	12 month AST from 24/09/2021	£7,140	(23/09/2022)
2c Crown Street	Second	Residential	2 Bedroom Flat		INDIVIDUAL	12 month AST 30/10/2021	£7,800	(29/10/2022)
Total Commercial Floor Area			200.70 sq m	(2,157 sq ft)(1)			£47,080

(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)
(2) As to the three retail units, the Seller is hold a 3 month rent deposit.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.