Income-producing Victorian shop with 8% yield and short-term asset-management potential.
- Ground-floor and basement retail unit, approx. 568 sq ft (52.7 m²)
- Producing £8,000 per annum; Net Initial Yield reported at 8%
- Tenant on 3-year lease from 9 May 2023, FRI (limits short-term control)
- Freehold sale; upper flat on separate 999-year lease at peppercorn
- Prominent glazed Victorian shopfront with high ceilings and display windows
- No dedicated parking or private garden; town-centre frontage onto pavement
- Situated in a conservation area; services were not tested (buyer's enquiries)
- Asset-management potential on lease expiry or reconfiguration
An attractive town-centre retail investment in Church Stretton, offered freehold with an income-producing ground-floor and basement shop. The unit extends to approximately 568 sq ft, has a glazed Victorian-style frontage onto Sandford Avenue and currently produces £8,000 per annum, showing a Net Initial Yield of 8% at the asking price. The location benefits from strong pedestrian visibility in a compact market town with a broad range of local amenities and good transport links.
The property is sold freehold subject to an occupational lease to Mohamad Abdullah for a three-year term from 9 May 2023 on full repairing and insuring terms, providing immediate income but limiting short-term owner control. The upper floors are held separately on a 999-year long lease at a peppercorn; they have a separate access and are not included in the retail investment but form part of the title arrangements.
Strengths include prominent shopfront, basement storage, traditional character and asset-management upside for a new owner who may re-let, reconfigure or review rent at lease expiry. Practical considerations: there is no dedicated parking or private garden, the property sits in a conservation area, and services were not tested—prospective purchasers should carry out their own due diligence on utilities and structural condition.
Overall this is a straightforward, small-town retail asset aimed at investors seeking immediate income and short- to medium-term asset-management opportunities in a desirable Shropshire market town. The unit’s size and town-centre location suit boutique retail, specialist services or continued lettings to local operators.
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