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15 Wellington Rd 2,658 SF 100% Leased Retail Building Telford TF2 8NQ $732,815 ($275.70/SF) 8.49% Cap Rate
INVESTMENT HIGHLIGHTS
- Established parade of 3 ground floor shops and self-contained residential flat above
- Car parking is also available in the small lay-by immediately to the front of the building
- Popular location just off Wellington Road, close to Clock Tower Roundabout
EXECUTIVE SUMMARY
Unit 1 is let to an established fish and chip shop and benefits from a full height, aluminium framed and glazed shop frontage onto Wellington Road, as well as patio doors leading to an enclosed outside seating area to the side and a small service yard to the rear.
Unit 2 is let to a veterinary practice albeit the tenant is no longer in occupation. It benefits from half-glazed uPVC panels to the front and has a small service yard area to the rear.
Unit 3 is let to Ladbrokes as a betting shop and benefits from a full height timber framed and glazed shop frontage onto Wellington Road, complete with small service yard area to the rear. Flat 15A is accessed to the rear of the building and provides self-contained 2-bed living accommodation with a private entrance and staircase.
The investment is available to purchase freehold subject to the existing occupational leases as per the Tenancy Schedule.
It is intended that the property will be sold as a TOGC.
Offers over £550,000 are invited for the freehold interest.
Unit 2 is let to a veterinary practice albeit the tenant is no longer in occupation. It benefits from half-glazed uPVC panels to the front and has a small service yard area to the rear.
Unit 3 is let to Ladbrokes as a betting shop and benefits from a full height timber framed and glazed shop frontage onto Wellington Road, complete with small service yard area to the rear. Flat 15A is accessed to the rear of the building and provides self-contained 2-bed living accommodation with a private entrance and staircase.
The investment is available to purchase freehold subject to the existing occupational leases as per the Tenancy Schedule.
It is intended that the property will be sold as a TOGC.
Offers over £550,000 are invited for the freehold interest.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,658 SF
Building Class
C
Year Built
1960
Price
$732,815
Price Per SF
$275.70
Cap Rate
8.49%
NOI
$62,223
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.50
Lot Size
0.12 AC
Parking
3 Spaces (1.12 Spaces per 1,000 SF Leased)
Frontage
71’ on Wellington Road
AMENITIES
- Security System
- Signage
- Automatic Blinds
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15 Wellington Rd
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