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Investment Highlights
- Suitable for occupiers or investors, offering immediate use or refurbishment potential.
- Strong accessibility with nearby public car parks and rail links to Shrewsbury and Crewe.
- Prominent location on Wem High Street near Chapel Street, surrounded by independent traders and community services.
Executive Summary
Available at offers in the region of £95,000 (exclusive), this freehold property presents a compelling chance to secure a vacant ground floor commercial shop in a high-visibility, High Street position. The building includes in its ownership a residential flat sold off on a long leasehold, generating a peppercorn rent for the freeholder. With a Total Net Internal Area (ground floor only) of approximately 701 sq ft, the shop offers immediate potential for occupation or refurbishment, making it an appealing proposition for both owner-occupiers and investors seeking a well-located asset in a vibrant town centre setting.
This commercial property presents a flexible investment or owner occupation opportunity: A freehold building, which includes the ground floor shop, with the upper residential flat sold off on long leasehold basis. The freeholder benefits from a peppercorn rent
from the flats. The ground floor shop provides a front-facing retail area and ancillary accommodation with a small internal courtyard.
This commercial property presents a flexible investment or owner occupation opportunity: A freehold building, which includes the ground floor shop, with the upper residential flat sold off on long leasehold basis. The freeholder benefits from a peppercorn rent
from the flats. The ground floor shop provides a front-facing retail area and ancillary accommodation with a small internal courtyard.
Property Facts
Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
701 sq ft
Costar Property Class
B
Year Built
1940
Price
£85,000
Price per sq ft
£121.26
Tenancy
Single
Number of Floors
1
Plot ratio
1.80
Total Plot Size
0.01 ac
Frontage
21 ft on High Street
Amenities
- EPC - C
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31 High St
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