Investment, For Sale
17 Market Square, Wellington, Telford, Shropshire, TF1 1BU.
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Details
Property Reference
BNF/3655
Address
17 Market Square, Wellington, Telford, Shropshire, TF1 1BU.
Location
The property is located in the historic market town of Wellington approximately 5 miles from the commercial centre of Telford via the M54 motorway and within 13 miles of the county town of Shrewsbury.The property itself occupies a prominent position on Market Square within the central business district of the town, which offers both convenience and destination shopping, complemented by a thriving indoor market. The Square has a pedestrianized retail core, which is home to a variety of retail users including Greggs and Timpsons, and enjoys excellent passing trade. The subject property immediately adjoins the Severn Hospice.
Significant regeneration has taken place in the Walker Street area of Wellington in recent years as part of the Local Authority initiative, including the development of Wellington Town Council's administrative headquarters.
Description
The property comprises a mid-terraced, three-storey commercial building, which is currently occupied by 'The Orange House' as a popular tapas restaurant and bar.The Grade II listed building was constructed in circa 1840 of solid red brick construction with stuccoed dresses and surmounted by a pitched roof with parapet surround.
The accommodation is arranged over three floors with a glazed shop frontage at ground floor level overlooking the pedestrianised Market Square. It offers an open plan dining area with bar and service counter, together with kitchens/preparatory area to the rear. There is an additional dining area and and toilet facilities on the first floor, together with ancillary space on the second floor.
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17 Market Square, Wellington
Detailed Specification
Size
2,136 sq ftPrice/ Rent
The asking price is £200,000 for the freehold investmentAccommodation
Ground Floor Dining area 580 sq ft 53.89 sq m Counter/bar 227 sq ft 21.13 sq m Kitchen 164 sq ft 15.20 sq m First Floor Dining area 369 sq ft 34.30 sq m WC and stores (overall) 204 sq ft 19.00 sq m Second Floor Ancillary space (overall) 592 sq ft 54.98 sq m Total Area 2,136 sq ft 198.50 sq m 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 Class E of the Town and Country Planning (Use Classes) Order 1987 (as amended).Tenure
Freehold Investment: The property is available to purchase freehold with the benefit of the existing tenancy to The Orange House.Local Authority
Telford & Wrekin Council, Darby House, Lawn Central, Telford, TF3 4JA - Tel: 01952 380000.Rateable Value
According to the Valuation Office Agency website the rateable value of the property in the 2023 rating list is £19,000.Energy Performance Certificate
The property has an Energy Rating of C-75.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: Nathan Fern
Direct Line: 01952 521004
Mobile: 07957 828 569
Email: nathan@andrew-dixon.co.uk
Ref: BNF/3655
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.
