Retail/Shop for sale Telford TF3 4AS,21256sq ft

1/4

Retail/Shop

Retail/Shop For Sale Telford

PROPERTY ID: 140886

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

21,256 sq.ft

Key Features

Prominently located against the main arterial route in and out of the regions largest shopping scheme.

Freehold purpose-built retail warehouse scheme comprising a total c.21,250 sq.ft of commercial space split over 3 ground floor units.

Let to 3 tenants, with 2 income-producing FRI tenants and 1 unit sold of on a ground lease, producing a total annual rent of £196,000 pax.

Property Details

Location

Telford Was Designated A New Town In 1963 And Now Has A Population Approaching 160,000. Telford Is Approximately 30 Miles Northwest Of Birmingham And 13 Miles East Of Shrewsbury.

The Scheme Fronts Rampart Way (a5) Which Is One Of The Main Link Roada From Junction 5 M54 To The Town Centre.

Telford Central Railway Station Sits Opposite The Scheme, Accessed Via A New Pedestrian Footbridge. The Property Is Less Than 5 Minutes Walk To The Town Centre.

A Freehold, Edge-of-centre Retail Warehouse Scheme, Highly Prominent, With Dedicated Customer Car Park, Rear Loading And Excellent Pedestrian And Vehicular
Links.

The Scheme Comprises A Retail Warehouse, Originally Built In The 1990's For The Now Defunct 'staples'. The Scheme Provided A Smaller Unit To The Front Elevation Which Housed 'blockbuster Video' Until Its Demise In 2013.

In 2018 The Current Owners Split The Unit Into Smaller Divisions To Provide A New Location For The Gym Group, Office Outlet And Tile Choice. Since Then, Office Outlet (unit 3) Has Been Vacated And Sold Off To An Owner Occupier.

Units 2 & 3 Are Accessed From Front Pedestrian Doors And Servicing Is Via Rear Loading Doors Opening Into The Private Rear Yard. Unit 1 Is Accessed And Serviced Via Front Doors Only.

The Scheme Benefits From Dedicated Customer Parking, Rear Staff Parking And Communal Landscaping- All Covered In The Schemes Service Charge. There Is A Large Tenant Totem Sign At The Entrance To The Site And Tenants Benefit From The Visibility Of Large High-level Signage At The Top Of The Building's Elevations.

The Property Sits On A Site Of Approximately 2.4 Acres. We Understand All Boundary Roads Leading To And Past The Scheme Are Adopted.

Tenure Comments

We Are Instructed To Seek Offers In Excess Of £2,000,000 (two Million Pounds) Subject To Contract And Exclusive Of Vat Reflecting A Net Initial Yield Of 9.18% Assuming Purchasers' Costs Of 6.8%.

Epc

All Units Have A Valid Epc Which Is Available On Request.

Service Charge Information

The Scheme Operates A Service Charge In Which All Tenants Participate. Landlords Shortfalls In Respect Of The Service Charge For The 2025/26 Period Are Estimated To Be C.£0.

Vat

The Property Is Elected For Vat Which Will Be Payable In Addition To The Purchase Price. The Property Will Not Be Sold As A Going Concern.

Legal Costs

Each Party Is To Be Responsible For Their Own Legal Costs Incurred In This Transaction.

Security

The Potential Purchaser Will Be Required To Provide Aml Information In Accordance With Hmrc Regulations Once Terms Have Been Agreed.

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About the Agent

Creative Retail Ltd

See Agent's Other Properties

Retail Unit

£2,000,000 Freehold

Rampart Court Retail Park,Rampart Way, Telford, TF3 4AS

Retail/Shop - Available
21,256 sq ft
1,975 sqm

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