Floorplans (
Map
Area statsOffers in region of
£500,000Mixed use for sale
Watergate Street, Whitchurch
Mixed use
5744
Key information
Tenure: Freehold
Council tax: Ask agent
Features and description
- The property is located within close proximity of all local amenities, including retail, banking, food and leisure uses.
- Surrounding occupiers include a mix of national and independent businesses such as Wagstaffs, Boots and Watergate Church, reflecting the mixed-use nature of the immediate area.
- The property benefits from a car park at the rear accommodating approximately 6 vehicles
- Whitchurch benefits from direct rail services and strong road links via the A41, providing connectivity to Chester, Shrewsbury, Crewe and the wider regional motorway network.
2 Watergate Street provides a substantial existing retail/office building extending to a Total Gross Internal Floor Area of approximately 5,744 sq ft (533.5 sq m), arranged over three floor. The property is currently configured as a decommissioned bank with offices, ancillary storage and welfare facilities. The size and layout offers potential for a variety of uses, including potential residential conversion, subject to the necessary statutory consents. Offers are invited in the region of £500,000 (exclusive).
The property is also available To Let with a rental price of £40,000 per annum (exclusive).
2 Watergate Street provides a substantial existing retail/office building extending to a Total Gross Internal Floor Area of approximately 5,744 sq ft (533.5 sq m) arranged over three floor. The property is currently configured as a decommissioned bank with offices, ancillary storage and welfare facilities.
The ground floor provides approximately 2,675 sq ft (248.4m sq), the first floor extends to approximately 1,484 sq ft (137.8m sq) and the second floor approximately 1,585 sq ft (147.3m sq), with a car park accommodating approximately six cars to the rear.
The building is constructed of brick and stone work under a tole pitched roof, with single glazed windows throughout.
The property is accessed directly off Watergate Street with the car park to the rear.
4 Watergate Street currently operates as "The Watergate" under a 99 year lease from 25/3/1961 under SL139824 with a ground rent of £1,380 per annum.
The property is owned under Title Number SL89338.
The property occupies a prominent position within Whitchurch town centre, a well-established market town in north Shropshire with a strong local economy and a broad mix of retail, leisure and professional services. Whitchurch serves as an important commercial hub for the surrounding rural catchment and benefits from good regional connectivity.
Key Location Highlights
Ground Floor
2,675 sq ft - 2.48.4 m sq
First Floor
1,484 sq ft - 137.8 m sq
Second Floor
1,585 sq ft - 147.3 m sq
Outside
Car Park - 6 Spaces
Total Gross Internal Floor Area
ALL MEASUREMENTS ARE APPROXIMATE
Tenure - The property is offered for sale with vacant possession subject to the property ownership in part being subject to a 99 year lease from 25/3/1961 under SL139824 with a ground rent of £1,380 per annum. The property is owned under Title Number SL89338
Rateable Value - Prospective purchasers should rely on their own enquiries. We understand that the rateable value is £39,750 for the property.
Epc - To be assessed.
Vat - It is understood that the property is not elected for VAT and therefore VAT will not be levied on the purchase price.
Services - Not tested at the time of our inspection.
Purchaser to rely on their own enquiries. We understand that all services are connected to the property.
Planning - Prospective purchasers should rely on their own enquiries. We understand that the property benefits from planning consent for Use Class E of the Town and Country Use Classes Order 1987. The property interest would lend themselves to potential redevelopment for residential purposes subject to statutory consents.
Legal Costs - Each party to bear their own legal costs.
Local Authority - Shropshire Council, Guildhall, Frankwell Quay, Shrewsbury, SY3 8HQ
The property is also available To Let with a rental price of £40,000 per annum (exclusive).
2 Watergate Street provides a substantial existing retail/office building extending to a Total Gross Internal Floor Area of approximately 5,744 sq ft (533.5 sq m) arranged over three floor. The property is currently configured as a decommissioned bank with offices, ancillary storage and welfare facilities.
The ground floor provides approximately 2,675 sq ft (248.4m sq), the first floor extends to approximately 1,484 sq ft (137.8m sq) and the second floor approximately 1,585 sq ft (147.3m sq), with a car park accommodating approximately six cars to the rear.
The building is constructed of brick and stone work under a tole pitched roof, with single glazed windows throughout.
The property is accessed directly off Watergate Street with the car park to the rear.
4 Watergate Street currently operates as "The Watergate" under a 99 year lease from 25/3/1961 under SL139824 with a ground rent of £1,380 per annum.
The property is owned under Title Number SL89338.
The property occupies a prominent position within Whitchurch town centre, a well-established market town in north Shropshire with a strong local economy and a broad mix of retail, leisure and professional services. Whitchurch serves as an important commercial hub for the surrounding rural catchment and benefits from good regional connectivity.
Key Location Highlights
Ground Floor
2,675 sq ft - 2.48.4 m sq
First Floor
1,484 sq ft - 137.8 m sq
Second Floor
1,585 sq ft - 147.3 m sq
Outside
Car Park - 6 Spaces
Total Gross Internal Floor Area
ALL MEASUREMENTS ARE APPROXIMATE
Tenure - The property is offered for sale with vacant possession subject to the property ownership in part being subject to a 99 year lease from 25/3/1961 under SL139824 with a ground rent of £1,380 per annum. The property is owned under Title Number SL89338
Rateable Value - Prospective purchasers should rely on their own enquiries. We understand that the rateable value is £39,750 for the property.
Epc - To be assessed.
Vat - It is understood that the property is not elected for VAT and therefore VAT will not be levied on the purchase price.
Services - Not tested at the time of our inspection.
Purchaser to rely on their own enquiries. We understand that all services are connected to the property.
Planning - Prospective purchasers should rely on their own enquiries. We understand that the property benefits from planning consent for Use Class E of the Town and Country Use Classes Order 1987. The property interest would lend themselves to potential redevelopment for residential purposes subject to statutory consents.
Legal Costs - Each party to bear their own legal costs.
Local Authority - Shropshire Council, Guildhall, Frankwell Quay, Shrewsbury, SY3 8HQ
Property information from this agent
Area statistics
Crime score
Moderate crime
4/10
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.