2 West St 995 SF 100% Leased Retail Building Knighton LD7 1EN $113,448 ($114.02/SF)

DESCRIPTION

The property comprises of an attractive two storey mid terraced property with a lower ground floor/basement of traditional brick construction under a slate roof cover.



The property comprises of a ground floor lock up shop unit in retail use with a Total Net Sales Area of 366 ft sq (34.01 m sq) and an office and within the lower ground floor/basement area there are stores and offices which has a Total Net Area of approximately 502sq ft (46.63m sq).



The rest of the property comprises of a two bedroomed apartment arranged over the first floor and benefiting from a self contained ground floor entrance.



The apartment comprises of a kitchen, bathroom, Sitting Room and two bedrooms. The apartment benefits from electric storage heaters. All parking is on street.



SITUATION

The property is prominently situated in the centre of the town of Knighton fronting onto West Street. Knighton is a market town located in Powys and benefits from all local amenities.

The town lies approximately 31 miles South of the town of Shrewsbury and approximately 19 miles North West of the Town of Leominster.

The town is located on the Shropshire/Powys Border. The Town had a population of 3,172 people at the 2011 Census.



PLANNING

The property is understood to benefit from A1 (Retail) Use and C3 (Residential) Use under The Town and Country Use Classes Order 1987.



SERVICES

NOT TESTED - It is understood that mains water, electricity, and drainage are connected to the property. The shop and the flat benefit from separate service connections.



TENURE

The property is offered for sale Freehold subject to the following Tenancies. Ground Floor and lower ground floor/basement area is let on a commercial lease for 1 year from the 1st of March 2019 on Tenants Internal Repairing Terms at a rent of £4,200 per annum. The flat is let on an Assured Shorthold Tenancy Agreement at a rent of £ 325 pcm.



RATEABLE VALUE

We have made non-verbal enquiries to the local authority and have been advised as follows;



Rateable Value £3,100

Flat- Council Tax Band A