Summary - 66, CHESHIRE STREET TF9 1PR
1 bed 1 bath Commercial Property
Town-centre mixed-use building with income now and strong redevelopment potential.
Passing rent £20,400 per annum
A substantial Edwardian/Victorian mixed-use property in Market Drayton offering immediate rental income and clear redevelopment potential. The building includes two ground-floor shop units (both trading), offices across two floors and two self-contained one-bedroom flats, producing a passing rent of £20,400 pa and available for sale as a whole or in part.
The property sits on the town’s prime retail pitch with dual frontage to Cheshire Street and Queen Street, large glazed shop fronts and convenient proximity to local amenities and public car parks. The envelope is traditional brick construction with standard ceiling heights and attractive street presence — well suited to retail, office use or conversion to further residential, subject to statutory consents.
Interest will come from investors seeking a yielding town-centre asset and developers targeting conversion or reconfiguration. The offices (1,744 sq ft) are vacant, offering near-term vacant possession for repositioning, while two flats and the two shops provide immediate income. Services are present to most parts; shop 64A has no gas supply.
Buyers should note the location’s challenges: the area is classified as very deprived with high local crime and a transitional neighbourhood profile, which can affect tenant mix, rental growth and long-term capital appreciation. On-street parking only and a small plot size limit external expansion. Prospective purchasers must verify planning and services and factor in potential remediation, management and security costs when assessing yield and conversion budgets.
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