Investment, For Sale (Under offer)

109 & 109a Trench Road, Trench, Telford, Shropshire, TF2 7DP.

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Details

Property Reference

JAGD/1216

Address

109 & 109a Trench Road, Trench, Telford, Shropshire, TF2 7DP.

Location

Trench is a well established residential area in north Telford, approximately 3.6 miles north of Telford town centre via the A442 Queensway, and 5 miles southwest of Newport via the A518. The major housing areas of Donnington and Priorslee are within easy reach, and Hortonwood Industrial Estate and the BOD Donnington ordnance depot are also close by.

The subject property occupies a mid-terraced position in a parade of retail units that accommodates a variety of hot food outlets, a convenience store, and a hairdressing salon. Thee is an off-road customer car park to the front of the development immediately adjacent to Trench Road. Other nearby commercial users include an Aldi supermarket and TJ Vickers motorship dealership.

Description

The property forms part of a two-storey retail/residential development, which was constructed in the 1960's on a concrete frame beneath a flat felt roof. The elevations are of cavity brick with uPVC double glazed window units throughout. The frontage is fully glazed at ground floor level with a single pedestrian access. There is a second pedestrian access to the rear.

The ground floor retail unit has been combined with the adjoining unit by the current tenant to create an open plan Balti restaurant trading as 'Peppers', complete with take-away service and fully fitted commercial kitchen. The restaurant area benefits from an air conditioning system, gas central heating, spotlighting and wood effect flooring.

Above the restaurant is a two-bedroom flat with a separate access from the rear.

Get directions to this property:

109 & 109a Trench Road, Trench

Detailed Specification

  • Size

    766 sq ft
  • Price/ Rent

    Offers in the region of £120,000
  • Accommodation

    Ground Floor Restaurant:
    Dining area448 sq ft
    Kitchen318 sq ft
    Gross Internal Area766 sq ft
    First Floor Flat:

    Comprising living area, kitchen, bathroom, 2 bedrooms

    Not measured
  • Services

    We understand that all mains services, including gas, are available or connected to the ground floor of the property, but there is no gas supply to the first floor flat. It should be noted that we have not tested these services and interested parties should make their own enquiries.
  • Planning

    We understand the property has planning permission for uses within Classes A3 and A5 of the Town & Country Planning Act 1987 (Use Class Order 2005).
  • Tenure

    Freehold: The property is being offered for sale as an investment with the benefit of the existing lease: The property is currently let on a full repairing and insuring lease to Mr A Mothin for a term of 15 years expiring on 28 May 2028 at a passing rent of £9,000 per annum. There is an upward only rent review on 28 May 2016 and 3 yearly thereafter. It should be noted that the tenant owns the adjoining property and has combined the ground floor of both units to accommodate his restaurant business. The lease provides for the reinstatement of the property to its original self-contained condition at the end of the lease term if required.
  • Local Authority

    Telford & Wrekin Council, Addenbrooke House, Ironmasters Way, Telford, Shropshire, TF3 4NT - Tel: 01952 380000.
  • Rateable Value

    The rateable value of the combined ground floor areas of 109 Trench Road and the adjoining property in the 2010 rating list is £19,000. The first floor flat falls within Band A for Council Tax purposes.
  • Energy Performance Certificate

    To be advised - please contact the agent for further details.
  • VAT

    All figures quoted are exclusive of VAT, which may be payable at the prevailing rate.
  • Legal Costs

    Each party to be responsible for their own legal costs in connection with this matter.
  • Viewing

    Strictly by prior appointment with the Agent's Telford office:
  • Additional Viewing Information

    Contact: Andrew Dixon MRICS
    Direct Line: 01952 521005
    Mobile: 07957 828 565
    Email: andrew@andrew-dixon.co.uk
    Ref: JAGD/1216

Disclaimer:
Andrew Dixon & Company. for themselves and for the vendors or lessors of this property whose agents they are give notice: (1) The particulars are set out as a general outline for the guidance of intending purchasers or lessors, and do not constitute, nor constitute part of, an offer or contract. (2) All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not reply on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (3) No employee of Andrew Dixon & Company. has any authority to make or give representation or warranty whatever in relation to this property.

As far as possible, these particulars are intended to give a fair description of the property. Unless otherwise stated, no enquiries have been made of statutory authorities nor tests made of electricity, plumbing or other services installed in the property. No warranties or certificates of building work, leases/title documents have been inspected. Such information as is given in these particulars is based on a purely visual inspection only and information supplied to us by the vendor/lessor. Interested parties must take their own measurements in order to satisfy themselves that the premises are suitable for their own requirements. Our measurements are approximate in order to give an indication of size only. Whilst every care has been taken to prepare these particulars, we would be grateful if you could inform us of any errors or misleading descriptions found in order that we may correct them in our records.