Summary - 2 PLOUGH ROAD WELLINGTON TELFORD TF1 1ET
1 bed 1 bath Office
Income-producing opportunity with short-term development upside in a busy market town.
Substantial corner period building, c.3,197 sq ft including basement
A substantial Grade-style corner property in Wellington town centre, offered freehold as an income-producing investment with clear scope for asset management or redevelopment (subject to statutory consents). The building extends to c.3,197 sq ft across two linked units with a basement, separate meters and mains services, currently let to a beauty salon and office occupier. Total current income is £21,500 per annum.
The location at the junction of Plough Street and Church Street provides strong street presence, pedestrian footfall and a mix of neighbouring traders. The property benefits from existing planning consent for uses within Use Class E, making it suitable for a range of commercial or mixed uses without immediate change of use applications. The structural form — two storeys with traditional brick and period detailing — offers clear conversion or subdivision potential for alternative commercial, residential or mixed schemes, subject to planning.
Buyers should note the tenancy profile and timings: 1 Plough Street is under a tenant repairing lease expiring 11 August 2029 (rent review 12 August 2025), while 2 Plough Street’s tenant has served notice and will vacate on 5 July 2025. Both leases are on internal repairing and insuring terms. Development or change of use will therefore require coordination with occupiers and timely statutory consents. There is no garden and internal room heights are average to low in places, which may affect certain conversion layouts.
This opportunity suits investors seeking an immediate yield with short-term asset management upside, and developers/property speculators targeting a prominent town-centre footprint with redevelopment possibilities. Assessments should include planning strategy, lease documentation and an inspection to confirm internal condition and services prior to offers.
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