Period corner freehold in Church Stretton — income now, redevelopment upside with planning flexibility.
Freehold prominent Edwardian former bank on Church Stretton High Street
Let to PCB Solicitors LLP at £19,700 pa (tenant repairing and insuring)
Net yield 7.7% based on current income
Only 5 years remain on the lease — short-term mortgage risk
Planning consent for Use Class E (flexible commercial uses)
Large basement plus ground and first-floor accommodation, high ceilings
Limited external space and no dedicated on-site parking
Built c.1920 — period character, may need sympathetic refurbishment
A rare freehold commercial building in Church Stretton’s prime High Street, currently producing £19,700 per annum from PCB Solicitors LLP. The Edwardian former bank delivers strong town-centre presence, high ceilings and period character across generous ground, first and basement floors — attractive for income buyers or for conversion to mixed use subject to planning (Use Class E).
The location is a clear strength: prominent corner frontage, immediate pedestrian access and proximity to independent shops, cafes and local services. The town’s affluent, retirement-leaning demographic and tourist draw for walkers support steady demand for professional offices, retail or sensitively designed residential above.
Important cautions are straightforward. Only five years remain on the current lease — mortgage lenders commonly refuse lending on assets with short occupational terms, and the property is sold with tenant internal repairing and insuring obligations. Asset-management upside exists but will likely require lease renegotiation or reletting to realise rental growth or redevelopment plans.
Built circa 1920, the building is structurally traditional ashlar stone and brick with slate roofing and offers disabled access. There is limited external space and no dedicated parking, and any conversion will need to follow local planning and building consent processes.
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