1 x 3 BEDROOM FIRST FLOOR APARTMENT
1 X 1 BEDROOM GROUND FLOOR APARTMENT
Estimated Mortgage Payments:
Achievable Monthly Rent:
NET Profit (PCM):
EST. NET PROFIT PA:
YIELD PA :
Hotkey Invest are proud to present this fantastic retail premises with approved planning permission for a 3 bedroom and 1 bedroom apartment.
The property currently has a retail unit within a busy high street with storage to the rear of the property and office space to the first floor.
These properties have already had planning permission granted to convert the first floor office space into a 3 bedroom apartment with its own separate entrance. Planning has also been granted to convert the storage space to the back of the retail unit to a 1 bedroom ground floor apartment. Please see below for the new approved plans and the currents plans of the property.
Once renovated the first floor apartment will comprise of 3 bedrooms, one with ensuite, separate bathroom, and open plan kitchen lounge area. The ground floor apartment would comprise of 1 bedroom, a separate bathroom and open kitchen and living space.
We have been advised the estimated new market value will be £150,000 for both the retail space and apartments once the work has been carried out.
We believe the retail premises could be rented for £625 PCM, the 3 bedroom apartment for £450 and the ground floor 1 bedroom from £300pcm once renovated.
For any more information regarding this property please do not hesitate to contact a member of the Hotkey Invest Team.
Retail Shop Front
Planning Permission for a
3 bedroom Apartment
Up to 43% Discount
Busy High street
(based on single family let)
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4 High Street, Wem, Shrewsbury, SY4 5AA
IMPORTANT NOTICE: Hotkey Invest trading name for Hotkey Consultancy Ltd for themselves and for the lessors or vendors of this property whose agents they are give notice that: 1. No appliances, services or service installations have been tested and no warranty as to suitability or serviceability is implied. Any prospective purchaser or lessee is advised to obtain verification from their surveyor or solicitor. 2. The particulars are set out as a general outline only for the guidance of the intended purchasers or lessees and do not constitute, nor constitute part of, an offer or contract. 3. All descriptions, calculations, reference to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representation of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them before making any commitment to participate. Calculations have been rounded up or down accordingly. 4. No person in the employment of Hotkey Invest has any authority to make or give any representation or warranty whatsoever in relation to this property. 5. All rentals and prices are quoted exclusive of Stamp Duty, legal and surveyors fees and any other associated purchasers or lessees costs. 6. Floor plans are indicative only and should not be relied on. 7. The map showing the boundary of the property postcode is indicative only and has not been checked against the legal title so should not be relied on. 8. All dimensions, floor areas and site areas are only approximate and should not be relied on. Dimensions are generally maximum room dimensions. 9. Hotkey Invest is not a regulated or licensed investment or financial advisor, therefore please seek independent financial advice. 10. Hotkey Invest is not a property management company for Serviced Accommodation, House of Multiple Occupation, Buy to Let and other, therefore please seek an independent management company before making any commitment to participate. 11. Hotkey Invest cannot be held liable for any losses whatsoever incurred as a result of any decisions made from relying on this report.