Property photos
£270,000
(£135.00/sq. ft)
Retail premises for sale
Former Bank Premises, 39-41 High Street, Wem, Shropshire SY42,000 sq. ft
Local area information
Property location
Nearby amenities
- St Peter's CofE Primary School 0.3 miles
- The Thomas Adams School, Wem 0.3 miles
- Wem 0.3 miles
- Yorton 3.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Development potential/residential conversion
- Rear access and car parking
- Total site area 0.27 ac
The property is the former National Westminster Bank premises, which occupies the ground floor of an early 19th century traditional red brick building. The imposing three-storey building is Grade II listed and currently arranged to offer retail/office space on the ground floor, briefly comprising a sales area, offices, storerooms, staffroom, rear lobby, WC facilities and basement stores.
The main pedestrian access to the property is via the High Street, leading into the retail premises, which could potentially be converted to residential accommodation subject to statutory consents.
To the rear of the building is a vehicular access to the car park and garden, which offers further redevelopment potential subject to planning permission.
Location
Wem is a North Shropshire market town with a population of approximately 6,100 (2015 estimate) and serves the surrounding rural area. Shrewsbury is located approximately 11 miles to the south and Whitchurch is 9 miles to the north. The A49 Shrewsbury to Whitchurch trunk road is a approximately 3 miles distant.
Wem town has the benefit of a local railway station, which is on the Shrewsbury to Crewe line with a good connection to Manchester.
The property itself is located in the conservation area of Wem fronting onto the busy High Street, which is the principal street through the town centre. There is also an access from Chapel Street to the car park and garden to the rear of the property.
Planning
The property currently has planning permission for uses within Class E of the Town and Country Planning (Use Classes) Order 1987 (as amended). There may be a possibility of converting the existing ground floor retail premises into 1 or 2 residential flats and also building houses on the rear land, subject to the necessary planning consent. Interested parties should make their own enquiries with the Local Planning Authority.
Tenure
Freehold: The property is available to purchase freehold, subject to the two existing leases for the flats on the upper floors. Vacant possession will be afforded on the ground floor retail premises.
Local Authority
Shropshire Council, The Shirehall, Abbey Foregate, Shrewsbury, SY2 6nd - Tel: Rateable value
According to the Valuation Office Agency website the rateable value of the property in the 2023 rating list is £10,750.
Energy Performance Certificate
The property has an Energy Rating of C(66).
The main pedestrian access to the property is via the High Street, leading into the retail premises, which could potentially be converted to residential accommodation subject to statutory consents.
To the rear of the building is a vehicular access to the car park and garden, which offers further redevelopment potential subject to planning permission.
Location
Wem is a North Shropshire market town with a population of approximately 6,100 (2015 estimate) and serves the surrounding rural area. Shrewsbury is located approximately 11 miles to the south and Whitchurch is 9 miles to the north. The A49 Shrewsbury to Whitchurch trunk road is a approximately 3 miles distant.
Wem town has the benefit of a local railway station, which is on the Shrewsbury to Crewe line with a good connection to Manchester.
The property itself is located in the conservation area of Wem fronting onto the busy High Street, which is the principal street through the town centre. There is also an access from Chapel Street to the car park and garden to the rear of the property.
Planning
The property currently has planning permission for uses within Class E of the Town and Country Planning (Use Classes) Order 1987 (as amended). There may be a possibility of converting the existing ground floor retail premises into 1 or 2 residential flats and also building houses on the rear land, subject to the necessary planning consent. Interested parties should make their own enquiries with the Local Planning Authority.
Tenure
Freehold: The property is available to purchase freehold, subject to the two existing leases for the flats on the upper floors. Vacant possession will be afforded on the ground floor retail premises.
Local Authority
Shropshire Council, The Shirehall, Abbey Foregate, Shrewsbury, SY2 6nd - Tel: Rateable value
According to the Valuation Office Agency website the rateable value of the property in the 2023 rating list is £10,750.
Energy Performance Certificate
The property has an Energy Rating of C(66).
More information
Listed by
Andrew Dixon and Co
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