5 Claremont Hill, Shrewsbury, SY1

FREEHOLD OFFICE INVESTMENT

• Potential income of approximately £30,160 per annum (subject to all inclusive licence terms)

• Residential conversion opportunity with existing planning consent

The property comprises of an attractive well presented, listed three storey property with a basement area.

The premises are currently arranged to provide offices let on all inclusive easy in and easy out terms over the three floors and this provides an attractive income of up to approximately £30,160 per annum. The current rental income is £20,794 per annum.

Whilst the property offers an attractive return it also has the benefit of having significant potential for residential conversion. There is a planning consent in existence for conversion into two apartments but the premises could lend itself to one prestigious residential house (subject to statutory consents). The property has restricted vehicle access.

The offices are serviced and benefit from being fully furnished, where individual offices can be securely locked. The rent includes all electricity, water, gas, rates, fibre broadband and telephone lines, Worcester heating boiler, radiators and remote controls, Cat 2 lighting, fire smoke alarms, security alarm, but excludes outgoing phone calls.

The property is situated fronting onto Claremont Hill in the town centre of Shrewsbury. Shrewsbury is the county town of Shropshire and is an established tourist and administrative centre. Claremont Hill is a sought after location with a number of estate agents and letting businesses in close proximity. Claremont Hill serves as a pedestrian and vehicular link between Barker Street and The Quarry.

• FREEHOLD OFFICE INVESTMENT

• Potential income of approximately £30,160 per annum (subject to all inclusive licence terms)

• Residential conversion opportunity with existing planning consent

The property comprises of an attractive well presented, listed three storey property with a basement area.

The premises are currently arranged to provide offices let on all inclusive easy in and easy out terms over the three floors and this provides an attractive income of up to approximately £30,160 per annum. The current rental income is £20,794 per annum.

Whilst the property offers an attractive return it also has the benefit of having significant potential for residential conversion. There is a planning consent in existence for conversion into two apartments but the premises could lend itself to one prestigious residential house (subject to statutory consents). The property has restricted vehicle access.

The offices are serviced and benefit from being fully furnished, where individual offices can be securely locked. The rent includes all electricity, water, gas, rates, fibre broadband and telephone lines, Worcester heating boiler, radiators and remote controls, Cat 2 lighting, fire smoke alarms, security alarm, but excludes outgoing phone calls.

The property is situated fronting onto Claremont Hill in the town centre of Shrewsbury. Shrewsbury is the county town of Shropshire and is an established tourist and administrative centre. Claremont Hill is a sought after location with a number of estate agents and letting businesses in close proximity. Claremont Hill serves as a pedestrian and vehicular link between Barker Street and The Quarry.

read more...