Property Summary
The property comprises a multi-let commercial scheme with nine workshops, fully let to a variety of tenants and extending to 8,826 sq ft.
Located in Market Drayton, the third largest market town in
Shropshire with a population of 12,000, the town is within easy reach of Crewe, Nantwich, Chester, Stoke on Trent, Stafford and Wolverhampton.
The majority of the accommodation is contained within the main building which has been sub-divided into 7 self-contained workshop units, including Unit 5 which has been fitted out as an office. This building benefits from a profile metal roof was installed in 2020.
The general internal specification of the main building includes suspended ceilings, breeze block walls, sealed concrete floors, strip lighting and electric wall heaters. Unit 5 has been fitted out to a good standard to include suspended ceiling, raised floor, a/c heating and cooling, double-glazed windows, kitchen, male and female w/c’s and several meeting rooms.
The units sit within a well maintained, landscaped site with a tarmac driveway and extensive crushed stone car parking and benefits from three separate gated access points.
The low site coverage of approximately 25% provides good development potential (STP) and previously planning permission was granted for an additional 2,000 sq ft unit on the site, although this has since lapsed.
The property provides excellent prospects for rental growth and there is opportunity for value enhancement through active asset management.