Summary -
Apartment 1,30 Church Street,OSWESTRY,SY11 2SP
SY11 2SP
1 bed 1 bath Restaurant
Established Prezzo let with strong yield and future asset-management upside, but short lease..
Current income £52,000 pa; Net Initial Yield 7% after purchaser costs
Let to Prezzo Trading Limited on overriding occupational lease
Only 9 years unexpired on lease — lenders may refuse mortgages
Ground-floor restaurant ~130 covers; fitted to a high standard
Three residential flats above with separate entrance — spilt-sale potential
Located on Church Street town centre with off-street delivery access
Very high local crime and very deprived area — impacts repositioning
Conservation Area status; alterations will require consent
This centrally located Oswestry freehold offers a secure income stream and clear asset-management upside. The ground-floor restaurant is let to Prezzo Trading Limited with a current income of £52,000 pa and a reported Net Initial Yield of 7% (after purchasers’ costs), sold as a Transfer of a Going Concern (TOGC).
The building combines a fitted, high-capacity restaurant (circa 130 covers, open-plan kitchen) with three self-contained residential flats above. The size and layout allow future reconfiguration: the restaurant and flats could be re-let or sold separately, unlocking value when the occupational lease expires or via phased disposals.
Buyers should note material negatives: only nine years remain on the overriding lease, which may deter some mortgage lenders and reduce buyer pool. The property sits in a very deprived area with very high recorded crime levels — factors that could affect rental demand, finance availability and repositioning costs.
Practical strengths include town-centre frontage on Church Street, off-street delivery access, separate mains supplies for restaurant and flats, fast broadband and excellent mobile signal. The property lies within a Conservation Area, so any future external alterations will need consents.
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