Property photos
Just added
Guide price
£290,000
(£290,000.00/sq. ft)
Restaurant for sale
Church Street, Welshpool SY21From 1,000 - 1,200 sq. ft
Local area information
Property location
Nearby amenities
- Welshpool Church in Wales Primary School 0.2 miles
- Welshpool 0.3 miles
- Welshpool High School 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Location
Welshpool, with an estimated community population of around 6,750 (2011 Census), is an attractive and historic market town, midway between Oswestry and Newtown, close to the English Border, and enroute between Shrewsbury/West Midlands to deeper Mid Wales and the Coast.
Business has expanded in the town over recent years, with the arrival of a number of national retail stores, to include Tesco, Aldi and B & M, which are on the main retail warehouse entrance to the town off the A483. There are also a number of nationals in the town centre to include Costa Coffee, Greggs, Boots, Poundland and others.
The subject premises are situated on the principal pedestrian and vehicular route serving the more recent national arrivals and traditional town centre around Broad Street, Severn Street and Berriew Street. Substantial car parks situated within roughly 100m of the property, in both directions.
Description
A ground and first floor Grade II Listed building, originally constructed as the stable block to the adjoining Royal Oak Hotel, in the 19th Century, and now well converted to provide retail units on the ground floor, a 2/3 bedroom flat on the first floor, and with current storage areas, and with current first floor storage areas, having real future potential for conversion to further residential usage, perhaps another 2 flats (to create 3 flats in total) with rear independent access in the medium to long term, subject to statutory permissions being obtained.
Currently the tenant of 1-3 Church Street, trading as Gifts of Wales, occupies the full extent of its obvious retail unit, but it is understood that terms have been agreed for the tenant to relinquish surplus space to create a further small shop to be offered to let at ground floor if a new owner wishes to do this. It is understood that the vendors are applying for planning permission for such a ground floor new retail unit to be created.
The current accommodation (with all dimensions/areas being approximate) and the tenancies are as follows:-
no’s 1-3 church street – T/A gifts of wales
Ground Floor
Front Internal Width 14.37 m / 47’43”
Shop Depth 6.70m/22’1”
Retail Sales Area with independent rear access via bin storage area and separate WC.
Net internal area 85.95 m.sq. / 925 sq.ft. (itza 895)
First Floor (Longer Term Future Potential for Residential, subject to permissions?)
With potential for independent rear access, currently storage, and with most attractive period features offering extension natural light via glazed roof area.
Net Internal Storage Area 35.70 m.sq. / 374 sq.ft.
WC with wash basin -----
Tenancy: We understand that terms have been agreed, subject to contract, for Gifts of Wales to continue to lease the ground floor trading area (less the small unit to be converted if decided upon) and the first floor at a rent of £7,000 p.a. Exclusive.
Potential Ground Floor Unit – A Further Small Shop which can be divided off from the floor space of No’s 1-3 Church Street. The accommodation would be:-
Front Internal Width 2.4m/7’10”
Shop Depth 6.64m/21’9”
Net Internal Sales Area 20.14 m.sq. / 217 sq.ft. (itza 206 sq.ft.)
Customer doorway via covered recess shared with No.1 Church Street.
Rear independent access with WC -----
This unit could be offered to let, following quite straight forward conversion, and our best estimate of market rent would be in the region of £4,000 p.a.
No.4 church street – T/A best kebab and pizza
Ground Floor
Front Internal Width 2.97m/9’9”
Shop Depth 6.64m/21’9”
Net Internal Retail Area 21.99 m.sq. / 237 sq.ft. (itza 226)
Customer doorway via covered recess shared with the above potential new retail unit.
Rear food preparation area 24.81 m.sq. / 30 sq.ft.
WC with wash basin -----
First Floor
With independent rear access via two separate staircases to :-
Independent Flat comprising Sitting Room (max. 6.35m x 3.4m), Double Bedroom (5.02m x 2.90m), Single Bedroom (2.29m x 2.15m), Shower Room with WC, shower and wash basin. Potential third bedroom currently used for food preparation as indicated below.
Gas fired boiler serving central heating system, 3 Phase electricity supply, principally for the ground floor.
All of the above first floor space is also served by a rear external steel staircase.
Commercial Ancillary Areas., part pf which is over Units 1 and 2.
Room 1 (6.28m x 5.09m) currently used as preparation space 31.96 m.sq. / 344 sq.ft.
Room Two (6.33m x 3.29m) Currently used for storage. 20.83 m.sq. / 224 sq.ft.
Potential for residential, longer term, on rooms 1 and 2, subject to permissions.
Tenancy – The ground floor hot food takeaway, and the first floor above comprising independent flat, commercial preparation and storage area are let under one tenancy for a term of 15 years from the 7th of October 2021, with 3 yearly rent reviews, with the tenant reimbursing the landlord for insurance, and with the tenant being responsible for repairing and maintaining the demised premises, but not to repair any damage or defect of a structural nature. Rent: £11,750 p.a.
External Areas, Rear Parking, Neighbour and Comment on Residential
At the rear there are 3 car parking spaces. To serve the flat of No.4 Church Street, there is an independent staircase within an enclosed yardage accessed from the front. All units are also accessed from the rear. The first floor of No.4 Church Street is also served with an independent rear staircase. The first floor of No’s 1-3 Church Street is currently not served by this staircase, but with some physical alterations, and subject to permissions, could be made independent, it is believed. Further potential for residential use on the upper floors may exist at No’s 1-3 and 4
Church Street. Note that between the yard access serving the first floor to No.4 Church Street, and below it, and the ground floor takeaway at No.4, there is a separate ground floor freehold, not part of the sale, trading as a wine bar/café. This is marked A on the plan.
Interested parties must satisfy themselves as to the property’s compliance with statutory regulations, and any future potential to alter the property, convert it, and increase the amount of residential content (subject to permissions) by making their own planning and statutory enquiries.
Freehold price - The freehold, subject to the existing tenancies, is available at a price, with offers sought in the region of £290,000.
VAT -
The vendors believe that the property is not elected for VAT. Interested parties need to obtain their own confirmation of the VAT status.
EPC ratings - These are in the process of being provided.
Information pack
The following information will be available:- Land Registry Title, Existing leases, Arrangement on parking and EPCs
Business rates
It is understood that the following Rateable Values apply:-
1-3 Church Street – £13,200
4 Church Street – £3,850
viewing Please contact the agents: Celt Rowlands & Co. On or
Welshpool, with an estimated community population of around 6,750 (2011 Census), is an attractive and historic market town, midway between Oswestry and Newtown, close to the English Border, and enroute between Shrewsbury/West Midlands to deeper Mid Wales and the Coast.
Business has expanded in the town over recent years, with the arrival of a number of national retail stores, to include Tesco, Aldi and B & M, which are on the main retail warehouse entrance to the town off the A483. There are also a number of nationals in the town centre to include Costa Coffee, Greggs, Boots, Poundland and others.
The subject premises are situated on the principal pedestrian and vehicular route serving the more recent national arrivals and traditional town centre around Broad Street, Severn Street and Berriew Street. Substantial car parks situated within roughly 100m of the property, in both directions.
Description
A ground and first floor Grade II Listed building, originally constructed as the stable block to the adjoining Royal Oak Hotel, in the 19th Century, and now well converted to provide retail units on the ground floor, a 2/3 bedroom flat on the first floor, and with current storage areas, and with current first floor storage areas, having real future potential for conversion to further residential usage, perhaps another 2 flats (to create 3 flats in total) with rear independent access in the medium to long term, subject to statutory permissions being obtained.
Currently the tenant of 1-3 Church Street, trading as Gifts of Wales, occupies the full extent of its obvious retail unit, but it is understood that terms have been agreed for the tenant to relinquish surplus space to create a further small shop to be offered to let at ground floor if a new owner wishes to do this. It is understood that the vendors are applying for planning permission for such a ground floor new retail unit to be created.
The current accommodation (with all dimensions/areas being approximate) and the tenancies are as follows:-
no’s 1-3 church street – T/A gifts of wales
Ground Floor
Front Internal Width 14.37 m / 47’43”
Shop Depth 6.70m/22’1”
Retail Sales Area with independent rear access via bin storage area and separate WC.
Net internal area 85.95 m.sq. / 925 sq.ft. (itza 895)
First Floor (Longer Term Future Potential for Residential, subject to permissions?)
With potential for independent rear access, currently storage, and with most attractive period features offering extension natural light via glazed roof area.
Net Internal Storage Area 35.70 m.sq. / 374 sq.ft.
WC with wash basin -----
Tenancy: We understand that terms have been agreed, subject to contract, for Gifts of Wales to continue to lease the ground floor trading area (less the small unit to be converted if decided upon) and the first floor at a rent of £7,000 p.a. Exclusive.
Potential Ground Floor Unit – A Further Small Shop which can be divided off from the floor space of No’s 1-3 Church Street. The accommodation would be:-
Front Internal Width 2.4m/7’10”
Shop Depth 6.64m/21’9”
Net Internal Sales Area 20.14 m.sq. / 217 sq.ft. (itza 206 sq.ft.)
Customer doorway via covered recess shared with No.1 Church Street.
Rear independent access with WC -----
This unit could be offered to let, following quite straight forward conversion, and our best estimate of market rent would be in the region of £4,000 p.a.
No.4 church street – T/A best kebab and pizza
Ground Floor
Front Internal Width 2.97m/9’9”
Shop Depth 6.64m/21’9”
Net Internal Retail Area 21.99 m.sq. / 237 sq.ft. (itza 226)
Customer doorway via covered recess shared with the above potential new retail unit.
Rear food preparation area 24.81 m.sq. / 30 sq.ft.
WC with wash basin -----
First Floor
With independent rear access via two separate staircases to :-
Independent Flat comprising Sitting Room (max. 6.35m x 3.4m), Double Bedroom (5.02m x 2.90m), Single Bedroom (2.29m x 2.15m), Shower Room with WC, shower and wash basin. Potential third bedroom currently used for food preparation as indicated below.
Gas fired boiler serving central heating system, 3 Phase electricity supply, principally for the ground floor.
All of the above first floor space is also served by a rear external steel staircase.
Commercial Ancillary Areas., part pf which is over Units 1 and 2.
Room 1 (6.28m x 5.09m) currently used as preparation space 31.96 m.sq. / 344 sq.ft.
Room Two (6.33m x 3.29m) Currently used for storage. 20.83 m.sq. / 224 sq.ft.
Potential for residential, longer term, on rooms 1 and 2, subject to permissions.
Tenancy – The ground floor hot food takeaway, and the first floor above comprising independent flat, commercial preparation and storage area are let under one tenancy for a term of 15 years from the 7th of October 2021, with 3 yearly rent reviews, with the tenant reimbursing the landlord for insurance, and with the tenant being responsible for repairing and maintaining the demised premises, but not to repair any damage or defect of a structural nature. Rent: £11,750 p.a.
External Areas, Rear Parking, Neighbour and Comment on Residential
At the rear there are 3 car parking spaces. To serve the flat of No.4 Church Street, there is an independent staircase within an enclosed yardage accessed from the front. All units are also accessed from the rear. The first floor of No.4 Church Street is also served with an independent rear staircase. The first floor of No’s 1-3 Church Street is currently not served by this staircase, but with some physical alterations, and subject to permissions, could be made independent, it is believed. Further potential for residential use on the upper floors may exist at No’s 1-3 and 4
Church Street. Note that between the yard access serving the first floor to No.4 Church Street, and below it, and the ground floor takeaway at No.4, there is a separate ground floor freehold, not part of the sale, trading as a wine bar/café. This is marked A on the plan.
Interested parties must satisfy themselves as to the property’s compliance with statutory regulations, and any future potential to alter the property, convert it, and increase the amount of residential content (subject to permissions) by making their own planning and statutory enquiries.
Freehold price - The freehold, subject to the existing tenancies, is available at a price, with offers sought in the region of £290,000.
VAT -
The vendors believe that the property is not elected for VAT. Interested parties need to obtain their own confirmation of the VAT status.
EPC ratings - These are in the process of being provided.
Information pack
The following information will be available:- Land Registry Title, Existing leases, Arrangement on parking and EPCs
Business rates
It is understood that the following Rateable Values apply:-
1-3 Church Street – £13,200
4 Church Street – £3,850
viewing Please contact the agents: Celt Rowlands & Co. On or
More information
Listed by
Celt Rowlands & Co
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Property descriptions and related information displayed on this page are marketing materials provided by - Celt Rowlands & Co. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Celt Rowlands & Co for full details and further information.