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45-46 High St 1,192 SF Retail Building Broseley TF12 5EZ $293,126 ($245.91/SF)
INVESTMENT HIGHLIGHTS
- Retail Investment opportunity
- Showing a Net Initial Yield of 6.67% (after allowing for normal purchasers costs)
- Offered for sale freehold, subject to the existing occupational tenancies
- Prime high street location with strong visibility and footfall
- Close to public car parking and surrounded by local independent businesses
- Potential for development (STP)
EXECUTIVE SUMMARY
Description
45–46 High Street offers an excellent opportunity to acquire a prominently positioned retail investment premises within the heart of Broseley town centre. The property comprises a ground floor lock-up shop extending to approximately 1216 sq ft (112.97 sq m), suitable for a range of retail or commercial uses (STP). Benefiting from a full-width glazed frontage, the unit enjoys strong visibility and footfall from passing trade. Internally, the space offers an open-plan retail area with ancillary storage and staff facilities.
Location
Prominently situated centrally on Broseley’s historic High Street, the property enjoys a strong trading position within this vibrant Shropshire market town. Broseley forms part of the wider Ironbridge Gorge UNESCO World Heritage Site and lies approximately 2.5 miles southwest of Telford, with good road connections via the A442 and A4169. The immediate area features a mix of independent retailers, cafés, professional services, and period residential properties. Ample public car parking is available nearby, with Broseley attracting both local shoppers and heritage tourism.
Planning
The property currently falls within Use Class E under the Town and Country Planning (Use Classes) Order 1987.
Services
Not tested at inspection.
We understand that the property is connected to mains electricity and water.
Tenure
The property is offered as a Freehold sale, subject to the existing occupational tenancies.
Lease dated 30th November 2023, between Pradipsinh Narendrasinh Dodiya & Jaspreet Kaur and Leel Salinda Ketawalage.
Term: 20 years from 30th November 2023
Lease details are available upon request.
Local Authority
Guildhall,
Frankwell Quay,
Shrewsbury,
SY3 8HQ.
Anti-money laundering (AML)
We are legally obligated to undertake anti-money laundering checks on all property purchasers. Whilst we are responsible for ensuring that these checks, and any ongoing monitoring, are conducted properly; the initial checks will be handled on our behalf by a specialist company, Movebutler, who will reach out to you once your offer has been accepted.
The charge for these checks is £30 (including VAT) per purchaser, which covers the necessary data collection and any manual checks or monitoring that may be required. This cost must be paid in advance, directly to Movebutler, before a memorandum of sale can be issued, and is non-refundable. We thank you for your cooperation.
45–46 High Street offers an excellent opportunity to acquire a prominently positioned retail investment premises within the heart of Broseley town centre. The property comprises a ground floor lock-up shop extending to approximately 1216 sq ft (112.97 sq m), suitable for a range of retail or commercial uses (STP). Benefiting from a full-width glazed frontage, the unit enjoys strong visibility and footfall from passing trade. Internally, the space offers an open-plan retail area with ancillary storage and staff facilities.
Location
Prominently situated centrally on Broseley’s historic High Street, the property enjoys a strong trading position within this vibrant Shropshire market town. Broseley forms part of the wider Ironbridge Gorge UNESCO World Heritage Site and lies approximately 2.5 miles southwest of Telford, with good road connections via the A442 and A4169. The immediate area features a mix of independent retailers, cafés, professional services, and period residential properties. Ample public car parking is available nearby, with Broseley attracting both local shoppers and heritage tourism.
Planning
The property currently falls within Use Class E under the Town and Country Planning (Use Classes) Order 1987.
Services
Not tested at inspection.
We understand that the property is connected to mains electricity and water.
Tenure
The property is offered as a Freehold sale, subject to the existing occupational tenancies.
Lease dated 30th November 2023, between Pradipsinh Narendrasinh Dodiya & Jaspreet Kaur and Leel Salinda Ketawalage.
Term: 20 years from 30th November 2023
Lease details are available upon request.
Local Authority
Guildhall,
Frankwell Quay,
Shrewsbury,
SY3 8HQ.
Anti-money laundering (AML)
We are legally obligated to undertake anti-money laundering checks on all property purchasers. Whilst we are responsible for ensuring that these checks, and any ongoing monitoring, are conducted properly; the initial checks will be handled on our behalf by a specialist company, Movebutler, who will reach out to you once your offer has been accepted.
The charge for these checks is £30 (including VAT) per purchaser, which covers the necessary data collection and any manual checks or monitoring that may be required. This cost must be paid in advance, directly to Movebutler, before a memorandum of sale can be issued, and is non-refundable. We thank you for your cooperation.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,192 SF
Building Class
B
Year Built
1983
Price
$293,126
Price Per SF
$245.91
Tenancy
Multiple
Building Height
1 Story
Frontage
44’ on High Street
AMENITIES
- Fenced Lot
- Energy Performance Rating - D
- Automatic Blinds
- Storage Space
1 1
NEARBY MAJOR RETAILERS
-
Halls Holdings Limited
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45-46 High St
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