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7 & 7a Leek Street, Wem, Shrewsbury

£139,000
769 Sq Ft

Freehold mixed use investment in a characterful Shropshire market town.

Rateable Value: £4,750

Property Features

  • Town centre location
  • Located immediately adjacent to the town’s principle foodstore (Co-Op).
  • Benefitting from a large adjacent car park.
  • Good connectivity to the High Street.
  • Total income £9,040 pa.

Property Details

The Property comprises a two-storey end-of-terrace building of traditional brick construction which has been rendered and painted on two sides facing both Leek Street and the Coop car park.  There is a garden area to the rear for the benefit of (demised to) the ground floor shop (café).
The ground floor comprises a shop unit currently occupied by Sweet Pea Café.  It has it’s entrance door to the side elevation fronting the main car park and so is visible to the majority of Coop customers.  The first floor comprises a one-bedroom flat which has been let on an AST. The flat is accessed directly off Leek Street via a private door which we understand leads directly to the first floor flat. We have not been able to access the flat but understand the property to be in good condition.

Location
Wem is a Shropshire Market town located approximately 9 miles (14km) north of Shrewsbury and 9 miles south of Whitchurch.  The town benefits from strong transport links  including a railway station and proximity to the A49 connecting it to Shrewsbury and Cheshire to the north.
Within Wem, the subject Property is situated on Leek Street which runs south from the B5063 High Street.  More specifically, the property is located at a corner of the main town centre car park serving the Town’s Co-op food store and benefits from Leek Street being the main conduit route between it and the High Street shops.

Location Map

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Call us on: 01743 276666

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