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
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.
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
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
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.
