Central Chambers High St Local commercial 341 m² 100 % Loué À vendre Wem SY4 5AA 381 595 € (1 119,81 €/m²)

The property comprises a freehold mixed-use investment with a number of asset management and development opportunities (subject to consents). Arranged as four retail units with offices to the upper parts, the property is fully let to five tenants and producing a total rent of £41,940 per annum. The property boasts an attractive Weighted Average Unexpired Lease Term (WAULT) of 6.49 years to expiry and tenants include Rowlands Pharmacy. We consider the property offers a number of asset management opportunities, with the 2021 rent reviews outstanding for two retail units. Furthermore, there may be an opportunity to increase the overall rent by exercising the rolling break option for the upper parts and re-letting, moreover the same break option could be used to carry out development/conversion works to the upper parts, with the potential for residential use (subject to the existing leases and any requisite consents) The property is well located in the centre of Wem and comprises the principal local retail amenity for the area. the parade is anchored by a Co-op supermarket and Post Office immediately adjacent, providing regular footfall. There is a large car park immediately to the front of the property which is used by consumers in the town centre generally.