24 & 24a-d Cheshire Street, Market Drayton
Freehold mixed use investment opportunity
Property Features
- Located in the centre of a popular market town.
- Established retail tenant on ground and residential above.
- Price £399,000 and an annual income of £32,900 per annum making a gross yield of 8.25%.
- Scope for further asset management and potential rental uplift on the residential lets.
Property Details
Market Drayton is a market town in Shropshire with a resident parish population of 12,588. The town benefits from being on the A53 connecting it to Shrewsbury (20.3 miles) and Stoke-on-Trent (16.9 miles) and along the A41 Whitchurch (12.4 miles) and Newport, Shropshire (12.5 miles).
Within Market Drayton, the property is located on Cheshire Street, adjacent to the Buttercross, a historic covered market built in 1824. Cheshire Street is home to a thriving street market every Wednesday as well as the new Market Hall open every Wednesday and Saturday and hosts a variety of independent traders including award winning Butchers, handmade artisan chocolates, jewelry and fresh fruit and vegetables.
Nearby occupiers include Leek Building Society, Style Optique (opticians), Get Connected (mobile network provider) Purcell Accountants, Francesco’s (hair salon), Greggs, Costa, Specsavers Opticians and Audiology, Polka Dot Travel, Natwest Bank and the New Market Hall among a variety of other national and independent retailers, café’s and restaurants.
Location
The property is a three storey building of brick elevations under a multi-pitched roof. The ground floor is let to a popular and established delicatessen and sandwich bar with an attractive double bay window frontage and steps up to a recessed doorway entrance. There is a separate access to the residential above, located to the side of the shop entrance within an arched porch.
Available Area
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