£275,000
Plot for sale
High Street, Shropshire WV16
studio Flat Property description
A rare opportunity to acquire a prominently positioned freehold building located on the bustling High Street of historic market town of Bridgnorth. This substantial and characterful property extends over four floors and presents an excellent prospect for investors and developers alike, with the benefit of both current income and future development potential.
The property is Grade II Listed. The list entry number with Historic England is 1053968.
The current permitted use is Class E, Commercial, Business & Service.
The ground floor is currently configured to provide two separate retail units. One of these units has been sold off on a 999-year lease. The second unit is occupied by a tenant on a lease that runs until the end of 2025, offering immediate income for the prospective purchaser with medium-term flexibility. The shops benefit from a strong High Street frontage, ensuring good visibility and footfall in this vibrant commercial location.
Above the retail premises, the first, second and third floors are currently vacant and were previously used as office space. These upper floors are accessed independently via a side alleyway, offering a self-contained entrance that could be ideal for alternative uses. Subject to obtaining the necessary planning permissions and listed building consent (where applicable), the upper parts could be sensitively converted into a number of residential flats or other types of accommodation. The generous floor space and configuration of the building lend themselves well to such conversion, offering the potential to add significant value.
There is also a loft spaces which appears as though it could be converted into further accommodation.
This is a fantastic opportunity to secure a versatile and well-located property with a blend of secure income and scope for enhancement through redevelopment. Bridgnorth remains a popular and thriving town with strong local demand for both retail and residential accommodation, making this a compelling proposition for investors, developers, or owner-occupiers seeking a strategic foothold in the town centre. Early viewings are recommended.
Directions
Proceed along Whitburn Street towards the High Street. At the junction, turn right on to the High Street, continue past the town hall and the property can be found on the left hand side after about 50 yards. Sat Nav - WV16 4DX
The property is Grade II Listed. The list entry number with Historic England is 1053968.
The current permitted use is Class E, Commercial, Business & Service.
The ground floor is currently configured to provide two separate retail units. One of these units has been sold off on a 999-year lease. The second unit is occupied by a tenant on a lease that runs until the end of 2025, offering immediate income for the prospective purchaser with medium-term flexibility. The shops benefit from a strong High Street frontage, ensuring good visibility and footfall in this vibrant commercial location.
Above the retail premises, the first, second and third floors are currently vacant and were previously used as office space. These upper floors are accessed independently via a side alleyway, offering a self-contained entrance that could be ideal for alternative uses. Subject to obtaining the necessary planning permissions and listed building consent (where applicable), the upper parts could be sensitively converted into a number of residential flats or other types of accommodation. The generous floor space and configuration of the building lend themselves well to such conversion, offering the potential to add significant value.
There is also a loft spaces which appears as though it could be converted into further accommodation.
This is a fantastic opportunity to secure a versatile and well-located property with a blend of secure income and scope for enhancement through redevelopment. Bridgnorth remains a popular and thriving town with strong local demand for both retail and residential accommodation, making this a compelling proposition for investors, developers, or owner-occupiers seeking a strategic foothold in the town centre. Early viewings are recommended.
Directions
Proceed along Whitburn Street towards the High Street. At the junction, turn right on to the High Street, continue past the town hall and the property can be found on the left hand side after about 50 yards. Sat Nav - WV16 4DX
Property photos
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First listed
3 weeks agoHigh Street, Shropshire WV16
Marketed by
Nock Deighton - Land and New Homes 34-35 Whitburn Street, Bridgnorth WV16 4QNCall agent on 01746 556249
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Monthly repayment
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High Street, Shropshire WV16 - Streetview
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