High Street, Bridgnorth

£1,950,000 Guide Price
  • Ref: Ross12
  • Type: Retail
  • Availability: For Sale
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Property Features

  • Two Retail Premises
  • Two Bedroom Apartment
  • Heart Of Town Centre
  • Freehold*

Property Summary

Comprising 2 prominently located retail premises and 2-bedroomed self-contained flat
in the heart of Bridgnorth town centre available for sale freehold subject to existing leases
OFFERS SOUGHT IN THE REGION OF £1,950,000
(Projected total rental income - £138,500)
LOCATION 16-20 High Street, Bridgnorth is prominently situated in the heart of town centre; close to
the Market Hall and all of the main retailers.
DESCRIPTION The property comprises two adjoining buildings understood to date from the early
19th Century with red brick façades set beneath pitched slated roofs.
TENANCIES The Original Factory Shop – 10 years from 25th March 2019 at a current rent of
£77,000.00 + VAT. Next review – March 2024.
Superdrug – 5 years from 25th March 2019 at a current rent of £52,500.00 + VAT.
Telephone: 024 7622 6684
1. These particulars have been prepared in good faith and are for guidance only. They are intended to give a fair description of the property but do not constitute part of an offer or form any part of
a contract.
2. We have not conducted a survey of the property, nor have we tested the services, appliances, or any specific fittings. Any areas, measurements, or distances we have referred to are given as a guide
only and are not precise.
3. If you have any queries or if there are any specific points you may wish to clarify before viewing, especially if you are travelling some distance, please contact this office to discuss them further
JUNE 2022
FLOOR AREAS The Original Factory Shop
Ground Floor 5,000 sq ft
First Floor 5,500 sq ft
Second & Third Floors (NB – Not in use) 1,200 sq ft
TOTAL 11,700 sq ft
Superdrug
Ground Floor 3,850 sq ft
First Floor 250 sq ft
TOTAL 4,100 sq ft
SERVICES Mains electricity, gas, water, and drainage are all understood to be connected to the property
(interested parties should satisfy themselves as to the accuracy of this information).
TENURE The property is available freehold, subject to the existing leases to The Original Factory Shop
and Superdrug; and the Assured Shorthold Tenancy (AST) to be granted to the tenant of the
first floor flat (Quoting rent is £750.00/month - £9,000/year).
COSTS Each party is to bear their own costs in the purchasing of the property, with the purchaser
paying any Stamp Duty and/or VAT.
PLANNING No enquiries have been made of the local planning authority relating to the current use;
however both of the shops have been in continuous use for retail purposes and the conversion
of the first floor flat was carried out under planning permission 18/04128/FUL.
BUSINESS RATES
The Original Factory Shop Superdrug
Rateable value: £72,500.00 Rateable value: £50,000.00
Rates payable 2022/23: £37,120.00 Rates payable 2022/23: £24,950.00
PRICE Offers for the freehold are sought in the region of £1,950,000 (One million nine hundred and
fifty thousand Pounds). A purchase at this level would see a Net Initial Yield of 6.70% (with
costs at 6.58%).
VIEWING By appointment only via the sole agent, please contact