Summary - Royal Oak Court, Frogmore Road, Market Drayton, TF9 3FD TF9 3FD
1 bed 1 bath Retail Property (high street)
High-yield retail and residential asset with clear income and asset-management routes.
Net initial yield 10.5% after purchaser's costs
A prominent, freehold mixed-use investment in Market Drayton town centre, this property produces a current income of £220,850 per annum and offers a Net Initial Yield of 10.5% after purchaser’s costs. More than 72% of income is secured to national covenants and two ground-floor units benefit from extensive glazed frontages and strong street presence.
The building comprises three retail frontages (one large unit currently not in occupation) and 14 two-bedroom flats (two sold on long 999-year leases at peppercorn rents). The site includes a service yard and on-site parking, giving practical loading and resident parking capacity; two parking spaces have been sold with the long leases. Flats are separately metered, enabling future sale of remaining apartments on long leaseholds as an asset-management route to enhance capital value.
Key investment upside includes immediate yield, high national covenant weighting, clear asset-management opportunities (sale of flats, re-letting or repositioning of vacant retail space) and strong town-centre location adjacent to public car park and multiple national occupiers. Considerations: one significant retail unit is currently vacant creating re-letting risk and rental void; a proportion of residential units have already been sold long leasehold which reduces control over those specific spaces; the wider area is described as deprived which may influence rental growth dynamics.
Overall this is a large-scale, hands-on investment for an investor seeking strong headline yield with clear value-add routes through lease reconfiguration, disposal of long leases, and active retail management in a prominent Market Drayton location.
Commercial property for sale in 64-66 Cheshire Street, Market Drayton, TF9 1PR, TF9 — £425,000 • 1 bed • 1 bath • 3618 ft²
Commercial development for sale in Cheshire Street, Market Drayton, Shropshire, TF9 — £290,000 • 1 bed • 2 bath • 2472 ft²
Commercial property for sale in 202 - 204, Whitchurch Road, Shrewsbury, SY1 4EL, SY1 — £180,000 • 1 bed • 1 bath • 1048 ft²
High street retail property for sale in Unit 3, Royal Oak Court, Market Drayton, TF9 3EB, TF9 — £900,000 • 1 bed • 1 bath • 11542 ft²
High street retail property for sale in Copperfields, The Burgage, Queen Street, Market Drayton, TF9 1EQ, TF9 — POA • 1 bed • 1 bath • 5656 ft²
High street retail property for sale in 10-12 Shropshire Street, Market Drayton, TF9 3BY, TF9 — £70,000 • 1 bed • 1 bath • 1021 ft²
