Development Opportunities, For Sale (Under offer)

10 Oxford Street, Oakengates, Telford, Shropshire, TF2 6AA.

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Details

Property Reference

AGS/2333

Address

10 Oxford Street, Oakengates, Telford, Shropshire, TF2 6AA.

Location

Oakengates is one of the local centres within the new town of Telford. It is located approximately 1.5 miles north of Telford town centre and benefits from good access to the West Midlands conurbation via Junctions 5 and 6 of the M54 motorway.

The property itself is situated in an established commercial area on Oxford Street, one of the main thoroughfares to Oakengates Other commercial users nearby include Barclays Bank and Betfred.

Description

10 Oxford Street is a substantial mixed-use investment property, which is currently part let. It comprises a Victorian building incorporating a number of self-contained retail, office and residential units arranged over three stories.

Internally, there are five separate retail units on the ground floor, which are accessed directly off Oxford Street. On the first floor there are a number of office suites and three residential flats, and at second floor level there are two further residential flats. The upper floors are accessed via a shared central lobby on the ground floor.

Each flat provides basic accommodation of: living room/dining room, one bedroom, kitchen and bathroom with WC.

*The demise of Unit 2 incorporates both ground and first floor accommodation.

Get directions to this property:

10 Oxford Street, Oakengates

Detailed Specification

  • Size

    9,518 sq ft plus residential element
  • Price/ Rent

    £550,000 for the freehold interest
  • Accommodation

    DemiseSize

    Rates/Council Tax

    Ground Floor:
    Unit 1 (retail)1,540 sq ft£8,300
    Unit 2 (retail)527 sq ft*£8,800
    Unit 3 (retail)1,427 sq ft£17,750
    Unit 4 (retail/office)1,083 sq ft£9,100
    Unit 10 (retail)2,062 sq ft£22,250
    First Floor:
    Unit 2 (office)1,590 sq ft*combined with GF
    Suites 1-5 (office)914 sq ft£5,500
    Suite 11 (office)375 sq ft£1,950
    Flats 1, 2 and 5Not measuredBand A
    Second Floor:
    Flats 3 and 4Not measuredBand A
  • Services

    We understand that all mains services are available or connected to the property. It should be noted that we have not checked or tested these services and interested parties should make their own enquiries.
  • Planning

    We understand the property has planning permission for uses within Class B1, B2 and C3 of the Town & Country Planning Act 1987 (Use Class Order 2005).
  • Tenure

    Freehold Investment: The freehold interest is available to purchase subject to the existing tenancy. Vacant possession will be given on the remaining areas.
  • Local Authority

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

    Please see marketing brochure for individual rateable values as per the 2017 assessment. All flats fall within Band A for Council Tax purposes.
  • Energy Performance Certificate

    Full details upon request from the agent.
  • 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: Alex Smith MRICS
    Direct Line: 01952 521007
    Mobile: 07795 275 113
    Email: alex@andrew-dixon.co.uk
    Ref: AGS/2333

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.