MapMixed use for sale
11 Watergate Street, Whitchurch, SY13 1DP
Mixed use
600
Key information
Features and description
- A prominently located mixed commercial and residential investment situated in the heart of Whitchurch town centre
- Total Gross Internal Floor Area of Approximately 2,005 sq ft (186.3 sq m)
- Total rent of £26,280 per annum, reflecting an attractive initial yield of 10.05% allowing for normal purchaser’s costs.
- Well-positioned town-centre asset providing a strong and diversified income stream.
Description
11 Watergate Street is a spacious 3 storey mid terraced mixed commercial/residential investment 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 property is arranged to provide a fully income producing investment. 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 investment opportunity with further income potential.
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.
Tenure
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.
Services
We 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 enquries
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.
Local Authority
Shropshire Council, Guildhall, Frankwell Quay, Frankwell, Shrewsbury, SY3 8HQ[use Contact Agent Button]
EPC
Commercial Ground Floor - (D)
Flat 1 & 2 - both have a rating of (D)
11 Watergate Street is a spacious 3 storey mid terraced mixed commercial/residential investment 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 property is arranged to provide a fully income producing investment. 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 investment opportunity with further income potential.
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.
Tenure
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.
Services
We 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 enquries
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.
Local Authority
Shropshire Council, Guildhall, Frankwell Quay, Frankwell, Shrewsbury, SY3 8HQ[use Contact Agent Button]
EPC
Commercial Ground Floor - (D)
Flat 1 & 2 - both have a rating of (D)
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.