Location

13 Halesfield Road, Madeley, Telford, Shropshire, TF7 4EF

Description

We have been asked to sell a small, self contained investment property on the outskirts of Madeley in Telford. Madeley is a busy historical community that was subsumed into the 1960s Telford New town development but retains a great deal of its original character. This property forms a section of a small retail/residential building in a residential estate between Madeley centre and the Halesfield commercial area. The occupational lease was most recently renewed in September 2020 and expires in 2023 where an opportunity to reconsider the rent will present itself. Rent is paid monthly in advance at a current rate of £5,400 per annum exclusive. The occupier is responsible for all occupational costs and reimburses the Landlord for Building Insurance on demand.

Price / Rent

The property is available for sale by way of assignment of the remining term of a 999 year lease with a peppercorn rent (expiring 2999). The asking price is £65,000 which represents a return of just over 8.3% before costs. Qualified offers are invited.

Viewings

By appointment, please contact Anthony Wiggins on 07983622430

Particulars

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