Commercial Property in LL20 available for sale
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Commercial Property for Sale near LL20, Llangollen

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Commercial Properties for Sale Within 10 miles of the LL20, Llangollen

More details for 30 Church St, Oswestry - Retail for Sale

30 Church St

Oswestry, SY11 2SP

  • Retail for Sale
  • £704,500
  • 3,050 sq ft

Oswestry Retail for Sale

Description<br />The subject property comprises of a prominently located attractive mid terraced property that is arranged to provide a Prezzo restaurant on the ground floor and part of the first floor and three residential flats accessed from a self contained ground floor entrance that are arranged over part of the first floor and the second floor of the property. All the property is let on an overriding occupational lease to Prezzo Trading Limited and provides a very attractive property investment.<br /><br />The mid terraced property is of traditional construction being of brick construction under a slate roof cover with a fully glazed shop front to the restaurant. The property on the ground floor and part of the first floor provide an approximately 130 cover restaurant with an open plan kitchen area and ancillary accommodation arranged on the ground floor. The property has a Total Net Sales Area of approximately 3,050-ft sq (283.33 m sq) and is fitted out to a high standard and viewing of the property is highly recommended. The first floor of the property provides ladies and gents toilet facilities for the restaurant and an office and staffroom and a private toilet for staff in the restaurant. The restaurant has access directly from Church Street and there is delivery access to the rear of the property via an access road that runs round the boundaries of ownership of the property.<br /><br />The residential accommodation above the property is accessed from a self contained ground floor entrance and stairwell off Church Street. There are two flats being flat 1 and 2 arranged over the first floor and at second floor level there is Flat 3 which provides 2 bedroomed accommodation along with a store room across the landing area.<br /><br />The property offers an attractive property investment that is all let to Prezzo Trading Limited on full repairing and insuring terms with an unexpired lease term of approximately 9 years. The property due to its size and configuration offers an asset management opportunity in the future with the opportunity to let out the restaurant/shop unit separately and the three flats separately or sell them off on long leases. The true potential of the property can only be appreciated by undertaking an internal inspection of the property.<br /><br />The property is owned under Title Number SL44864.<br /><br />Location<br />The property is prominently located fronting onto Church Street in the town centre of Oswestry. Church Street serves as one of the main retail streets in the retail hierarchy, The surrounding occupiers include TSB, Nat West, Majors and Salvation Army. The property is located in proximity to a number of public car parks serving the town centre and within proximity of the attractive Oswestry Park in the town centre.<br /><br />Oswestry is a historic and thriving market town, with a former borough population of over 30,000, and with a substantial catchment considerably in excess of this, stretching far into Shropshire, Mid and North Wales.<br /><br />The town boasts a host of multiple traders including Sports Direct, Boots, New Look, Superdrug, Greggs, B& M, Costa, Home Bargains, W H Smith, Clarks Shoes to name a few, together with most of the national banks and excellent large surface parking facilities around the centre.<br /><br />Terms<br />The property is offered for sale freehold subject to the existing occupational lease.<br /><br />The property is owned under Title Number SL44864 <br /><br />The property is subject to the following occupational lease<br /><br />Lease dated 6th of October 2008 between Amberstar Limited and Prezzo Plc.<br /><br />The lease has been assigned to Prezzo Trading Limited<br />Company Number 13150050 <br />25 years from 21st of August 2008£52,000 per annum<br /><br />Rent reviews 5 yearlyTenants Full Repairing and Insuring Lease<br />The lease is granted inside the Landlord and Tenant Act 1954 Part 2<br /><br />Prezzo Trading Limited reported trading accounts for the financial year ending 1st January 2023:<br />Turnover £134,696,000<br />Gross Profit £47,957,000<br />Profit (£30,098,000)<br /><br />Further financial information relating to Prezzo Trading Limited is available from the selling agents upon request.<br /><br />Prezzo Trading Limited trading as Prezzo is a restaurant chain serving mostly Italian cuisine in the United Kingdom. The first restaurant opened in Oxford Street in London in November 2000. In January 2019 there were 180 branches across the country. It is currently owned by Cain International.<br /><br />Services<br />(not tested prospective purchasers should rely on their own enquiries)<br /><br />Mains water, electricity (including three phase), drainage and gas are understood to be connected to the property.<br /><br />We understand that there are separate mains metered supplies to the restaurant and the three residential flats.<br /><br />Planning<br />Interested parties are advised to make their own enquiries.<br /><br />The restaurant is understood to benefit from planning consent for Use Class E.<br /><br />The residential flats are understood to benefit from planning consent for Use Class C3.<br /><br />The property is understood to be located in a Conservation Area.<br /><br />Anti-money laundering (AML) checks<br />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. <br /> <br />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.

Contact:

Halls Holding Ltd

Property Subtype:

Shopfront Retail / Residential

Date on Market:

18/04/2025

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More details for Church St, Oswestry - Office for Sale

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  • £495,000
  • 2,587 sq ft
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FAQs about Commercial Properties For Sale in LL20

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How many Commercial Property listings are available for sale in LL20?
There are currently 1 Commercial Properties available for sale near LL20. These LL20 Commercial Property listings have an average size of. The largest available listing in LL20 is. The thriving commercial centre and excellent transport links in LL20 make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in LL20?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in LL20 currently range from to per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in LL20?
There is a diverse range of commercial properties available in LL20 to suit various business needs. LL20 offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 1 LL20 commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

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