Upton Mill, Upton Lane, Shifnal, Shropshire, TF11

The property comprises a well-positioned self-contained industrial/warehouse site with an office building on a secure site of approximately 1.8 acres (0.73 hectares). The property is currently let on short-term arrangements, which can be formalised upon purchase. If the purchaser prefers the site with vacant possession, this can be arranged.

Location

The property is located on Upton Lane off Stanton Road and the A464 approximately 3 miles from Junctions 4 and 5 of the M54. The site is approximately 6 miles to the east of Telford, 13 miles to the north-west of Wolverhampton, and 39 miles north-west of Birmingham. Shifnal is within a short drive and has direct rail services to Birmingham and Shrewsbury.

Accommodation Schedule

The site comprises 10 commercial units with the approximate floor areas below: Unit 1 611sq m 6,577sq ft Unit 2 165sq m 1,776sq ft Unit 3 161sq m 1,733sq ft Unit 4 620sq m 6,674sq ft Unit 5 195sq m 2,099sq ft Unit 6 175sq m 1,884sq ft Unit 7 242sq m 2,605sq ft Units 8, 9 and 10 1672sq m 17,998sq ft Office Building 114sq m 1,232sq ft Total 3,995sq m 42,578sq ft

Tenancy

The vendor is flexible in terms of what is offered to a purchaser, with options outlined below: 1. Unit 1 is currently vacant 2. Unit 4 & 5 leased at a rent of £41,414 per annum 3. Unit 7 leased at a rent of £18,235 per annum 4. Unit 6 is close to being leased at £12,000 per annum 5. The vendor is open to a leaseback on Units 2, 3, 8-10 and the office at a rent to be agreed

EPCs

The office building has an EPC rating F-148. The industrial/warehouse units are classified as low energy buildings and do not require EPCs.

Tenure

Freehold

Title Numbers

SL172590, SL172356, SL215437

Services

The agent has not tested any apparatus, equipment, fixtures, fittings, or services and cannot verify they are in working order or fit for their purpose. Interested parties are advised to obtain verification from their surveyor, contractor, or solicitor.

Use Classes

We understand the site has an established commercial use but interested parties should rely on their own investigations.

VAT

All prices quoted are exclusive of VAT, which may be chargeable at the prevailing rate. The sale could be treated as a TOGC.

Legal Costs

Each party will be responsible for their own legal costs.

AML

In accordance with current Anti–Money Laundering regulations, the selling agents are required to carry out due diligence checks on all prospective purchasers.