Lot

30

6 Crown Street and 2A Bell Street, Wellington, TF1 1LP

Property Enquiries

Simon Bailey

simon.bailey@bidx1.com
+44 (0) 20 3929 8403

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BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Lawyer

Praveen Chaudhari

praveen.chaudhari@lblaw.co.uk
+44 (0) 1952 379 037

Description

Map

Viewings


Property Summary
  • Freehold town centre retail investment
  • Two shops let on new separate 7 year leases (no breaks)
  • Future development potential of the upper floors of 6 Crown Street (subject to planning)
  • Producing £16,280 per annum
Tenure

Freehold

Location

Wellington lies about 4 miles north west of Telford, 12 miles east of Shrewsbury and 37 miles north west of Birmingham. It can be accessed via the A5233 (Whitchurch Road), which provides direct access to Junction 6 of the M54 motorway about 2 miles to the south of the town. Wellington railway station provides regional rail services as well as direct services to Birmingham New Street and London Euston.
Crown Street and Bell Street lie in the town centre running parallel to each other running south from New Street. Nearby occupiers include Greggs, Subway, TUI, Betfred, Halifax and William Hill.

Description

Two adjoining buildings that were originally linked at ground floor level that have recently been refurbished to provide two separate retail units. 6 Crown Street is arranged as a ground floor shop with internal access to first floor ancillary accommodation plus additional loft space that offer future conversion potential, subject to obtaining the necessary consents.
2A Bell Street is arranged as a single storey retail unit with WC that has recently been refurbished and fitted out for trading. There may be scope to add another floor in the future, again subject to obtaining the necessary consents.

Planning

Telford and Wrekin Council (01952 380380) www.telford.gov.uk

VAT
VAT Not Applicable.
Property Table
UnitAccommodationTenantTenancyEffective DateRent
6 Crown StreetGround floor 32.12 sq m (346 sq ft)Tyler Naggington t/a Naggy's (1)7 year lease22/03/2019£9,000 (2)
 First floor 27.85 sq m (300 sq ft)    
 Second floor loft space (not inspected)    
2A Bell StreetGround floor retail 25.92 sq m (279 sq ft)Emma Owen t/a Pound City (1)7 year lease22/03/2019£7,280 (3)
TOTAL    £16,280

(1) The tenants are part of the family that run the White Lion public house on Crown Street, opposite 6 Crown Street
(2) (3) Rent reviews on 22/03/2023

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