LOT 1
71-71a High Street, Wem, SY4 5DR
Summary
• 71-71a High Street, Wem SY4 5DR • Ground floor: Restaurant • First floor: 4 bedrooms and a bathroom • Second floor: 2 large rooms that need full refurbishment • Entrance to first floor is separate entrance • All fully central heated / new plumbing and wiring was done when property was purchased • Small car park behind property • Grade 2 listed property • Lease ends 31/08/2029 • £850 rent per month
Key features
- Type
- Food Premises
- Use class
- a5
- Guide Price
- £125,000
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Description
This tenanted commercial unit is currently used as a fast-food takeaway and has a 4-bedroom flat above it which requires some TLC but does have a separate entrance and could achieve a further £675PCM, the commercial unit is tenanted at £880 per calendar month.
This commercial unit currently achieves a rental income of £880PCM and a yield of over 8% if secured at the guide price of £125,000, but if you include the potential rent of a further £675 you could extend the yield return to over 15%.
Situated in the busy market town of Whitchurch, this area benefits from a variety of independent local shops, schools, four large supermarkets and other major retailers. The renowned Hill Valley Hotel, Golf & Spa is located on the outskirts of the town, which offers great facilities. Whitchurch train station is on a direct line between Crewe and Shrewsbury with onward connections to Manchester, London and Birmingham plus other major cities
For any further information, please contact the Wilsons Auctions Property Department.
This commercial unit currently achieves a rental income of £880PCM and a yield of over 8% if secured at the guide price of £125,000, but if you include the potential rent of a further £675 you could extend the yield return to over 15%.
Situated in the busy market town of Whitchurch, this area benefits from a variety of independent local shops, schools, four large supermarkets and other major retailers. The renowned Hill Valley Hotel, Golf & Spa is located on the outskirts of the town, which offers great facilities. Whitchurch train station is on a direct line between Crewe and Shrewsbury with onward connections to Manchester, London and Birmingham plus other major cities
For any further information, please contact the Wilsons Auctions Property Department.
Charges
What charges apply in this auction?
All lots are +VAT unless stated otherwise.
Auction details
Lot1
Land & Property Auction - Scotland & England
Wed 16th Jul 2025 at 12:00PM /
- Physical/LiveBid Auction