High Street, Newport
The property provides a double fronted terrace shop, which is occupied by Severn Hospice, and to the rear there is a self-contained stoned car park which is accessed via Beaumaris Road. The upper parts are accessed separately via an alleyway running along the northern elevation and both flats 1 and 2 are located on the first floor and provide 2 and 1 bedroomed accommodation respectively with flat no.3 being situated on the second floor providing a further 1 bedroomed flat.
Newport forms part of the Telford and Wrekin conurbation being approximately 5 miles north of Telford town centre, benefitting from good road communications with direct access to junction 3 of the M54 motorway and Watling Street (A5) via the A41 trunk road which links to Wolverhampton city centre. The property is prominently located on High Street being within
close proximity of Waitrose supermarket, Boots the Chemist and B&M Bargains.
ACCOMMODATION
All measurements are approximate:
Ground floor – Severn Hospice
1,112 sq ft (103.3 sqm)
First Floor
Flat 1 – 2 bedroomed
Flat 2 – 1 bedroomed
Second Floor
Flat 3 – 1 bedroomed
VAT
The property has not been elected for VAT.
TENURE
The property is available to purchase Freehold, subject to the occupational leases (as detailed in the attached Tenancy Schedule)
TERMS
Full repairing and insuring basis.
LOCAL AUTHORITY
Telford & Wrekin Council. Darby House, Lawn Central, Telford, TF3 4JA
Tel: 01952 380000
RATEABLE VALUE
Retail: £12,750 – VOA.
Council Tax: All Flats are Band A – VOA.
ENERGY PERFORMANCE CERTIFICATE
Retail C-74
Flat 1 – D59, Flat 2 – D-63, Flat 3 – E-51
LEGAL COSTS
All legal costs incurred in the preparation of the lease and counterpart lease together with any vat and stamp duty due thereon will be the responsibility of the ingoing tenant.
AVAILABILITY
Immediate.
VIEWING
Please contact our Newport Office, 45/47 High Street, Newport, TF10 7AT on 01952 811003 or email us at newport@davieswhiteperry.co.uk
TENANCY SCHEDULE
| DEMISE | TENANT | PASSING RENT | LEASE DETAILS |
| 75 High Street (Ground Floor) | Severn Hospice | £13,500 per annum excl | *Lease dated 05Feb 2024 *6 years from 05Feb 2024 *Tenant’s break clause and rent review at the end of the 3rd year *Subject to a Photographic Schedule of Condition |
| Flat 1 (First Floor) | Tenanted | £595 per calendar month | *Lease dated 17 Aug 2022 *12 months *Tenant holding over |
| Flat 2 (First Floor) | Tenanted | £550 per calendar month | *Lease dated 05 June 2023 *6 months *Tenant holding over |
| Flat 3 (Second Floor) | Tenanted | £550 per calendar month | *Lease dated 27 Jan 2023 *12 months *Tenant holding over |
| Total Rental Income | £33,800 per annum | ||
To view our landlord & tenant fees, please click here
There is currently no floor plans for this property.
Property Overview
MISDESCRIPTION ACT 1967: Conditions under which particulars are issued: Messrs. Davies White & Perry for themselves and the vendors of the property, whose agents they are, give notice that these particulars, although believed to be correct, do not constitute any part of an off er or contract, that all statements contained in these particulars as to this property are made without responsibility and are not to be relied on as statements or representations of fact and that they do not make or give any representations of fact and that they do not make or give any representation or warranty whatsoever in relation to this property. An intending puchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars FINANCIAL SERVICES AND MORTGAGES: Davies White & Perry are in a position to arrange a mortgage on your home purchase, in the majority of cases.
