3 Bed Terraced House, Single Let, Whitchurch, SY13 1DP £250,000

A prominently located, mixed commercial and residential investment situated in the heart of Whitchurch town centre. The property benefits from a Total Gross Internal Floor Area of Approximately 2,005 sq ft (186.3 sq m) and produces currently a total rent of £26,280 per annum, reflecting an attractive initial yield of 10.05% allowing for normal purchaser’s costs.

Offered for sale at offers in the region of £250,000 (exclusive), this well-positioned town-centre asset provides a strong and diversified income stream underpinned by sustained occupier demand. Viewing is highly recommended.

Location - The property occupies a highly prominent position fronting Watergate Street, close to the junction with Mill Street and The Bullring, on the edge of Whitchurch town centre and the towns main commercial retail hub. Set within a vibrant mixed-use area and within easy walking distance of the prime retail core and local amenities, the location benefits from sustained footfall and visibility in one of north Shropshire’s key market towns.

Key Location Highlights

• Excellent road connectivity via the nearby A49 and A41, linking Whitchurch with Shrewsbury, Chester, Nantwich and wider regional centres.
• Whitchurch railway station on the Welsh Marches Line is a short walk from the town centre, offering regular services to Shrewsbury, Crewe and onward connections.
• Regular bus services connect Whitchurch with surrounding towns such as Shrewsbury, Wrexham and Nantwich, with enhanced links planned.
shropshire.gov.uk
• The town supports a diverse local economy with a strong retail and service sector, substantial independent business presence and notable employers in logistics and food production.

Close to Cheshire and the Welsh border, Whitchurch is renowned for its weekly market, range of amenities and strong community base. Its strategic position, robust transport links and established catchment underpin ongoing economic activity, making the location highly suitable for investment in commercial and mixed-use property.

Brief Description - A high-yielding mixed-use property available in Whitchurch.

11 Watergate Street is a spacious 3 storey mid terraced mixed use property located in a prominent position close to the town centre of Whitchurch. The property provides an attractive Net Initial Yield of 10.05%, after allowing for normal purchasers costs.

The ground floor of the property comprises of a licenced hair salon with a Total Net Internal Floor Area of Approximately 800 sq ft (74 sq m) and comprises a large salon area to the front, treatment room to the rear, store room and W.C. There is also access to a basement area within the shop unit.

The uppers provide two residential flats above that are accessed down an alley way to the side of the property leading a ground floor communal rear entrance porch.

• Flat 1 is located on the 1st floor and briefly comprises entrance hall, large lounge / diner, kitchen with door that leads onto the spacious decked south facing terrace and has a large double bedroom and a shower room.
• Flat 2 is located on the 2nd floor and comprises an entrance hall, living room, kitchen/diner, double bedroom and shower room.

The property provides an ideal spread risk opportunity with further income potential.

Accommodation - BUSINESS FLOOR
Ground Floor (retail unit with toilet)
Total Net Internal Floor Area - 800 sq ft | 74 sq m

RESIDENTIAL
Flat 1 (1st Floor) - Total Gross Internal Floor Area - 600 sq ft | 55 sq m
Flat 2 (2nd Floor) - Total Gross Internal Floor Area - 605 sq ft | 56 sq m

ALL MEASUREMENTS ARE APPROXIMATE

Directions - From the centre of Whitchurch, drive out on Watergate Street until you reach number 11 which can be easily identified by the current business name.

What 3 Words - ///edges.youth.doubt

Anti-Money Laundering (Aml) Checks - 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.

Rateable Value/Council Tax - Current Rateable Value - £9,200 pa
Council Tax Band - Flat 1 & 2 (A)

Price - Offers in the region of £250,000 (Two Hundred and Fifty Thousand Pounds) exclusive reflecting a net initial yield of 10.05% after purchasers costs.

Vat - The property is understood not to be elected for vat and therefore vat will not be charged on the purchase price.

Epc - Commercial Ground Floor - (D)
Flat 1 & 2 - both have a rating of (D)

Local Authority - Shropshire - Shropshire Council, The Guildhall, Frankwell Quay, Shrewsbury, SY3 8HQ

Services - All - e understand that mains water, electricity and drainage are connected to the property. The property is understood to have separate mains metered supplies to the commercial shop unit and the residential flats. (not tested at the time of inspection). Purchasers should rely on their own enquiries.

Tenure - Freehold - The property is held under the ownership of Title Number SL244795 and is for sale on a freehold basis, subject to the following occupational tenancies. Further details available from agents.

11 Watergate Street: Ground Floor Salon let on a three year lease at a rent of £12,000 pa on a Tenants Internal Repairing and Insuring Lease from 1st December 2024 for a term of three years.

Flat 1 – Let on an assured shorthold tenancy at a rent of £695 per month.

Flat 2 – Let on an assured shorthold tenancy at a rent of £495 per month.

Planning - Interested parties should make their own enquiries. The property is located in Shropshire Council. The property is understood to benefit from Use Class E on the retail shop unit and Use Class C3 of the Town and Country Use Classes Order 1987.

Legal Cost - Each party to bear their own costs.

Viewing Arrangements - Viewing is strictly by prior arrangement with the selling agents. For more information or to arrange a viewing please contact:
Simon Cullup-Smith, Halls Commercial Department or Halls Whitchurch.