Ref: Lot 18
Invest in this superb detached commercial property in the established location of Wellington Road, Telford. This property offers a fantastic investment opportunity with great potential returns. Currently, this detached commercial building is let out to four different companies, providing a combined monthly rental income of £2000pcm
Situated in a prime location, this commercial property benefits from excellent local amenities and easy access to major road links. The area is well-known and attracts a thriving business community. a steady and attractive return on investment. With a potential yield of approximately 9.6% at a value of £250,000, this property is a worthwhile investment opportunity. Spanning approximately 1693 square feet, this versatile property offers ample space for various business activities. The well-maintained premises feature air conditioning units and a security entrance system, ensuring a comfortable and secure environment. The property comprises four reception areas, providing flexibility for dividing and leasing to multiple businesses. Alongside the well-appointed reception hallway, there are two toilets and a modern kitchen, perfectly catering to commercial needs. One of the outstanding features of this commercial property is the provision of approximately 15 car parking spaces. This allows for convenient customer and employee parking, enhancing the overall appeal and accessibility of the property. Ample parking can be a significant advantage for businesses seeking commercial space. The Energy Performance Certificate (EPC) rating for this property is E. Implementing energy-saving measures can further improve energy efficiency, potentially reducing operational costs for tenants. Don't miss out on this excellent investment opportunity! Take advantage of the established location, great local amenities, and road links.
* Plus 5% Buyers Premium + VAT
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
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