Townhouse with ground floor shop unit in Church Stretton hits the market - suitable for investment purposes

The property on Sandford Avenue, that houses a Severn Hospice charity shop, was listed yesterday (Thursday) for offers in the region of £410,000.

The listing stated that the property's shop units produce an income of £11,250 per annum and that the property is suitable for investment purposes, and could have further development potential for a loft conversion or conversion into two residential flats.

The property is prominently located in Church Stretton town centre, and surrounding occupiers include Mynd DIY, The Outdoor Shop and A B Optics.

The ground floor shop unit and the residential accommodation benefit from separate pedestrian access from Sandford Avenue.

Meanwhile, the property also benefits from a pleasant rear garden area with outbuildings. 

The listing states: "The substantial property is part three-, part two- and part single-storey with a basement area to provide a self-contained (tenanted) ground floor lock-up shop unit within part of the ground and the basement. 

"Also provided is an attractive, very well-presented, self-contained three-bedroomed residential townhouse arranged over part of the ground and the first floor and second floors of the property. The property has been sympathetically refurbished by the existing owners and this has included the construction of an impressive first-floor balcony area at the rear of the property. The residential flat provides a total gross internal floor area of approx 1,842 sq ft.

"The shop unit provides a total net sales area of approximately 1,070 ft sq with ancillary accommodation and own welfare facilities, over part of the ground floor and the basement and has a glazed shop frontage front onto Sandford Avenue and is currently let and income producing and provide an ideal investment return for any purchaser, or property investor who wants to live in the property above.

"The residential townhouse is spacious and benefits from a wealth of attractive features that can only be appreciated via an inspection of the property and has been sympathetically refurbished and improved by the vendors.

"The townhouse benefits from flexible accommodation to provide three-bedroomed accommodation arranged over part of the ground floor and first floor and second floors. 

"The town house benefits from a gas-fired central heating system and an attractive first-floor balcony area. The town house is arranged that in the future it allows the potential to be separated into two separate flats and there is an existing planning consent in place for a loft conversion to create further residential accommodation."

Halls said the property "can only be fully appreciated" by undertaking an internal inspection of the property.

Further information of the property can be found on Rightmove.