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MapOffers in excess of
£285,000Office for sale
1 & 2, Plough Road, Wellington, Telford, TF1 1ET
Under offer
Office
3197
Features and description
- Located in the town centre of Wellington in area of mixed development
- Income producing investment with significant development potential (subject to statutory consents)
- Of interest to investors and property speculators/developers
- Total Net Internal Floor Area of approximately 3,197 ft sq (296.98 m sq) with a basement
- Existing business unaffected
Description
The property comprises of a substantial attached property that is currently arranged as two tenanted properties that provide a beautician and offices. The property provides a substantial property that provides a Total Net Internal Floor Area of approximately 3,197 ft sq (296.98 m sq) and a basement area. The property is in part two and part single storey and is of traditional construction.
1 Plough Street provides a two storey property that is currently fitted out for its use as a beauty salon that is arranged over two floors. The property is arranged as salons and welfare facilities and ground floor with a Total Net Internal Floor Area of approximately 705 ft sq (65.49 m sq) and a first floor with a Total Net Internal Floor Area of approximately 467 ft sq (43.38 m sq). The basement in the property provides a Total Gross Internal Floor Area of approximately 123 ft sq (11.42 m sq).
2 Plough Street provides a two storey property that is arranged as offices over the two floors. The offices provide office and welfare facilities. The ground floor provides a Total Net Internal Floor Area of approximately 1,155 ft sq ( 107.29 m sq) and the first floor provides a Total Net Internal Floor Area 870 ft sq (80.82 m sq).
The property is currently income producing but has significant future development and asset management potential subject to statutory consents.
Location
The property is prominently located fronting onto Plough Street at the junction with Church Street in the town centre of the town of Wellington. The property is located in an area of mixed development. The surrounding occupiers include Kwik Fit, Dream Door, Body and Mind and Face at Tyme.
Wellington is a market town of Telford and a civil parish in the borough of Telford and Wrekin, Shropshire, England. It is situated 3 miles north-west of Telford town centre and 12 miles east of Shrewsbury; the summit of The Wrekin lies 3 miles south-west of the town. The population of the town was 25,554 in 2011.
Terms
The property is offered for sale freehold under the Title Number SL17510.
The property is sold subject to the following occupational tenancies (copies available from the selling agents upon request)
1 Plough Street- 10 year lease from 12th of August 2019. Rent £8,000 per annum and granted on Tenants Internal Repairing and full insuring terms. The lease expiry is 11th August 2029. Next rent review 12th August 2025. Tenant option to determine has expired and lease is outside the Landlord and Tenant Act 1954 Part 2
2 Plough Street- original 10 years from 5th of January 2020, but a Deed of Variation so now the tenant has served notice and they vacate on 5th of July 2025. Rent £13,500 per annum. The lease is granted on Tenants Internal Repairing and Insuring terms.
Accomodation
All measurements are approximate
1 Plough Street
Ground Floor- Total Net Internal Floor Area 705 ft sq (65.49 m sq)
First Floor- Total Net Internal Floor Area 467 ft sq (43.38 m sq)
Basement- Total Gross Internal Floor Area 123 ft sq (11.42 m sq)
2 Plough Street
Ground Floor- Total Net Internal Floor Area 1,155 ft sq (107.29 m sq)
First Floor- Total Net Internal Floor Area 870 ft sq (80.81 m sq)
Services
(not tested at the effective the time of our inspection)
The property is understood to benefit from mains water, drainage, gas and electricity. The two properties are understood to benefit from separate metered supplies.
Planning
The property is understood to have planning consent for its uses that fall within Use Class E of the Town and Country Use Classes Order.
The property has potential for future development for a variety of potential uses subject to statutory consents.
Tenure
The property is offered for sale freehold under the Title Number SL17510.
The property is sold subject to the following occupational tenancies (copies available from the selling agents upon request)
1 Plough Street- 10 year lease from 12th of August 2019. Rent £8,000 per annum and granted on Tenants Internal Repairing and full insuring terms. The lease expiry is 11th August 2029. Next rent review 12th August 2025. Tenant option to determine has expired and lease is outside the Landlord and Tenant Act 1954 Part 2
2 Plough Street- original 10 years from 5th of January 2020, but a Deed of Variation so now the tenant has served notice and they vacate on 5th of July 2025. Rent £13,500 per annum. The lease is granted on Tenants Internal Repairing and Insuring terms.
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.
The property comprises of a substantial attached property that is currently arranged as two tenanted properties that provide a beautician and offices. The property provides a substantial property that provides a Total Net Internal Floor Area of approximately 3,197 ft sq (296.98 m sq) and a basement area. The property is in part two and part single storey and is of traditional construction.
1 Plough Street provides a two storey property that is currently fitted out for its use as a beauty salon that is arranged over two floors. The property is arranged as salons and welfare facilities and ground floor with a Total Net Internal Floor Area of approximately 705 ft sq (65.49 m sq) and a first floor with a Total Net Internal Floor Area of approximately 467 ft sq (43.38 m sq). The basement in the property provides a Total Gross Internal Floor Area of approximately 123 ft sq (11.42 m sq).
2 Plough Street provides a two storey property that is arranged as offices over the two floors. The offices provide office and welfare facilities. The ground floor provides a Total Net Internal Floor Area of approximately 1,155 ft sq ( 107.29 m sq) and the first floor provides a Total Net Internal Floor Area 870 ft sq (80.82 m sq).
The property is currently income producing but has significant future development and asset management potential subject to statutory consents.
Location
The property is prominently located fronting onto Plough Street at the junction with Church Street in the town centre of the town of Wellington. The property is located in an area of mixed development. The surrounding occupiers include Kwik Fit, Dream Door, Body and Mind and Face at Tyme.
Wellington is a market town of Telford and a civil parish in the borough of Telford and Wrekin, Shropshire, England. It is situated 3 miles north-west of Telford town centre and 12 miles east of Shrewsbury; the summit of The Wrekin lies 3 miles south-west of the town. The population of the town was 25,554 in 2011.
Terms
The property is offered for sale freehold under the Title Number SL17510.
The property is sold subject to the following occupational tenancies (copies available from the selling agents upon request)
1 Plough Street- 10 year lease from 12th of August 2019. Rent £8,000 per annum and granted on Tenants Internal Repairing and full insuring terms. The lease expiry is 11th August 2029. Next rent review 12th August 2025. Tenant option to determine has expired and lease is outside the Landlord and Tenant Act 1954 Part 2
2 Plough Street- original 10 years from 5th of January 2020, but a Deed of Variation so now the tenant has served notice and they vacate on 5th of July 2025. Rent £13,500 per annum. The lease is granted on Tenants Internal Repairing and Insuring terms.
Accomodation
All measurements are approximate
1 Plough Street
Ground Floor- Total Net Internal Floor Area 705 ft sq (65.49 m sq)
First Floor- Total Net Internal Floor Area 467 ft sq (43.38 m sq)
Basement- Total Gross Internal Floor Area 123 ft sq (11.42 m sq)
2 Plough Street
Ground Floor- Total Net Internal Floor Area 1,155 ft sq (107.29 m sq)
First Floor- Total Net Internal Floor Area 870 ft sq (80.81 m sq)
Services
(not tested at the effective the time of our inspection)
The property is understood to benefit from mains water, drainage, gas and electricity. The two properties are understood to benefit from separate metered supplies.
Planning
The property is understood to have planning consent for its uses that fall within Use Class E of the Town and Country Use Classes Order.
The property has potential for future development for a variety of potential uses subject to statutory consents.
Tenure
The property is offered for sale freehold under the Title Number SL17510.
The property is sold subject to the following occupational tenancies (copies available from the selling agents upon request)
1 Plough Street- 10 year lease from 12th of August 2019. Rent £8,000 per annum and granted on Tenants Internal Repairing and full insuring terms. The lease expiry is 11th August 2029. Next rent review 12th August 2025. Tenant option to determine has expired and lease is outside the Landlord and Tenant Act 1954 Part 2
2 Plough Street- original 10 years from 5th of January 2020, but a Deed of Variation so now the tenant has served notice and they vacate on 5th of July 2025. Rent £13,500 per annum. The lease is granted on Tenants Internal Repairing and Insuring terms.
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.
Property information from this agent
About this agent
Halls - Commercial Property
Halls Holdings House, Bowmen Way, Battlefield
Shrewsbury, Shropshire
SY4 3DR
01743 534860Halls Commercial provides a range of specialist commercial property services to clients of all sizes across the UK. We have a comprehensive knowledge of our markets developed over many years operating in this sector. Our service is forward thinking, personal and professional, designed to achieve the best results for our clients whatever their requirements. Although we operate nationwide, we retain a particular emphasis on the Midlands. Agency Services Our commercial agency team are on hand to offer friendly advice and market appraisals, helping you buy and sell commercial property throughout Shropshire, Worcestershire, Mid Wales, the West Midlands and beyond. We advise investors and developers on selling and acquiring commercial property, while also assisting with the acquisition of new premises or disposing of unwanted space. From offices and retail to industrial and leisure-based properties, we can guide you through the sale of all types of commercial property. Offering advice at every stage, we will help you find the best route to market and give you advice on how to attract the right buyers. We can also give guidance on development land, whether owner occupied or held as an investment. With strong links to buyers, our skilled and knowledgeable team are on hand to advise from start to finish. This includes guidance on any works required prior to sale, including applications for planning consent, refurbishment programmes and tenant disputes. Management Services Offering a strategic approach, we always have your future needs in mind. Whether you’re an experienced landlord or a one-off investor, we understand that your priority is to increase the value of your investment while minimising void periods and building a strong tenant profile. Working closely with our in-house marketing and PR team, we have a comprehensive tenant vetting process to help minimise your risks. If you’re looking to expand your commercial property portfolio, we will take the time needed to gain a full understanding of your needs and match you with properties suited to your business requirements within your timescales. Professional Property Services Halls Commercial is a team of RICS Registered Valuers with professional indemnity insurance cover of £10 million. As you would expect we are on the valuation panels of most of the major banks including Barclays, Lloyds, Royal Bank of Scotland, HSBC, NatWest, Handelsbanken, and Clydesdale. Our experienced team of valuers operates in accordance with RICS Valuation Standards (Red Book), International Financial Reporting Standards (IFRS) and UK GAAP and alongside the years of experience across our Commercial team, our valuations are backed by the latest valuation and appraisal software.