Description

A rare opportunity to purchase a mixed retail and residential investment property comprising of a shop with 2 one bedroom flats currently fully let situated in the centre of the popular town of Oswestry. Total net internal floor area of 178.77 sq.m (1924 sq.ft). Current net rental income of approximately £14,880 per annum (exclusive).

General Remarks

Bowen Son and Watson with Kent Jones are delighted with instructions to offer a mixed retail & residential opportunity consisting of a retail premises and two 1 bedroom flats on Upper Church Street in Oswestry for sale by private treaty. This is an ideal investment with all currently being let.

The freehold property is a 3 storey with a basement below the ground floor shop demise.

The ground floor shop unit is accessed from the corner of the two streets and has a Total Net Internal Sales Area of approximately 407sq ft (37.8sq m) with a basement below.

The two flats have fully fitted kitchens and bathrooms, accessed via separate gate and door off Brook Street. Both have gas central heating systems.

The rents currently paid by each apartment as are follows;

Flat 2, 2 Upper Church Street – £375.00 pcm and Flat 4, 2 Upper Church Street – £365.00 pcm.

Location

The property is situated close to the historic centre of Oswestry, within easy walking distance of the towns many shops, restaurants, public houses and other amenities. The renowned Cae Glas Park is adjacent to the property whilst the town is surrounded by picturesque countryside which is easily accessible. A number of renowned public and private schools are also based within the town.

Easy access on to the A5/A483 provides direct routes to the towns of Shrewsbury, Wrexham and the City of Chester. The nearby train station at Gobowen provides direct links to Chester and Birmingham.

Accommodation

Each apartment’s accommodation is briefly described as below.

Flat 2 Upper Church Street

The apartment is located on the first floor and is access via a doorway from gate entry.

First floor landing with radiator.

Lounge

13′ 6” x 12′ 10” (4.12m x 3.9m)Electric fire & surround.

Bedroom 1

8′ 4” x 11′ 6” (2.54m x 3.5m)Radiator.

Kitchen

11′ 11” x 10′ 9” (3.62m x 3.27m)Fully fitted kitchen with matching base units and eye level wall cupboards, worktop over and tiled surround. Space for cooking with extractor hood over, and space and plumbing for a washing machine. Radiator.

Bathroom

7′ 2” x 10′ 7” (2.18m x 3.22m)Bathroom suite comprises shower cubical, low level flush WC and pedestal wash hand basin. Door into:

Boiler Cupboard

Housing a Worcester gas fired boiler.

Flat 4 Upper Church Street

Entrance Hall

With stairs to first floor landing with doors off to:

Bathroom

10′ 4” x 6′ 11” (3.14m x 2.1m)Shower cubical with shower, pedestal wash hand basin, low level flush WC and radiator. Door into boiler cupboard which houses a Worcester gas fired boiler and plumbing for a washing machine.

Kitchen

17′ 4” x 9′ 8” (5.28m x 2.94m)Fully fitted kitchen with matching base units and eye level wall cupboards, worktop over and tiled surround. Fitted cupboard and radiator.

Lounge

10′ 11” x 11′ 4” (3.32m x 3.45m)Radiator.

Bedroom 1

13′ 6” x 12′ 8” (4.12m x 3.85m)Fitted storage cupboards. Radiator.

EPC Ratings

Awaiting EPC rating.

Tenure

We are informed that the property is Freehold. All of the tenancies are Assured Shorthold Tenancies. For further details, please contact the Selling Agents.

Council Tax Bands

Both flats are Council Tax Band – ‘A’.

Local Authority

Shropshire Council, The Shirehall, Abbey Foregate, Shrewsbury, Shropshire. Tel: 0345 6789000.

Directions

From Oswestry town centre proceed out of town along Church Street to the crossroads and go straight over onto Upper Church Street and the property will be found on the right hand side.

View Floorplans

VIEW ON MAP View Virtual Tour