1/2 New Street, Dawley
Telford,
Shropshire, TF4 3JR
£290,000

FIVE BEDROOM DETACHED HOME INCORPORATING RETAIL SPACE: OFFERING GREAT INVESTMENT POTENTIAL (Subject to permissions with a potential gross yield of 10.46%)

RETAIL SPACE: £450 PCM - £5,400 Per year
5 BEDROOMS (HMO) - £100 Per week for each room - £26,000 Per year
TOTAL ANNUAL INCOME: £31,400
GROSS YIELD OF 10.83% (based on £290,000 purchase price)

Through entrance hallway, living room, dining room, breakfast room, galley kitchen, laundry/utility room, cellar, five bedrooms, family bathroom, en suite shower room, enclosed passage way adjoining to the retail space with two retail additional storage areas, garage, courtyard, garden, epc rating: E

Situation:
Dawley is an established locality with a varying mix of property styles and is situated in central Telford. Dawley has its own district centre which has been redeveloped (Aug 2010) and is a little less than two miles to the southwest of the Telford town centre with its wide range of recreational and shopping facilities, including the New Southwater development, the M54 motorway and the town’s central railway station.

The Property:
The entrance hallway has access leading off to an enclosed inner passageway, living room and dining room. The living room which has an outlook towards the front and has many character features including period style fireplace, sash windows, and exposed wooden floor boards. The dining room has a beautiful inset wood burner set in an inglenook with tiled hearth, again having high ceilings providing access and steps down to the cellar where there is two cellar areas both having lighting and a staircase ascending up to the first floor landing. Off the dining room there is an archway leading through to the breakfast room which has tiled flooring continuing through to the galley kitchen where there is a range of base and wall cupboards and display cabinets with a glazed panel door leading through to a utility room where there are base cupboards, worktops, wall mounted central heating boiler and doorway leading to the outside courtyard.

Off the the enclosed passageway there is pedestrian access through to the courtyard and through to the front, and also a doorway leading through to the shop which looks out directly into New Street and has a doorway leading through into a rear store room, which has a further storage area beyond with pedestrian access to the courtyard.

On the first floor landing there is an airing cupboard housing the properties hot water cylinder, loft hatch access point and access leading off to five bedrooms and a family bathroom. All the rooms have lovely high ceilings and many have period features including exposed floor boards and period fire places. The master bedroom has fitted wardrobes and has its own en-suite bathroom, which has a panelled bath with shower over, pedestal wash hand basin, low level WC and period style fire place. The family bathroom has panelled bath with telephone style mixer shower, low flush WC, wash hand basin and a separate shower cubicle.

Outside:
To the front there is a wall boundary, with pedestrian gate leading to the front door and further doorway to the inner passageway. To the side of the property there is access through to a detached garage which has an up and over door providing off road parking. To the rear, there is a rear courtyard area which is paved and has a brick store out building with gated access to a further passageway where there is an outside WC and gated access through to a further garden area which is laid to lawn, paved patio and a detached garage which has an up and over door to the rear and front.

Note: As this property has mixed residential/commercial usage, you would be unlikely to secure a standard residential mortgage.

Services: We are advised all main services are connected.

Anti Money Laundering & Proceeds of Crime Acts: To ensure compliance with the Anti Money Laundering Act and Proceeds of Crime Act: All intending purchasers must produce identification documents prior to the memorandum of sale being issued. If these are not produced in person we will require certified copies from professionals such as doctor, teacher, solicitor, bank manager, accountant or public notary, To avoid delays in the buying process please provide the required documents as soon as possible. We may also use an online service provider to also confirm your identity. A list of acceptable ID documents is available upon request. We will also require confirmation of where the funding is coming from such as a bank statement with funding for deposit or purchase price and if mortgage finance is required a mortgage agreement in principle from your chosen lender.

Important
We take every care in preparing our sales details. They are carefully checked, however we do not guarantee appliances, alarms, electrical fittings, plumbing, showers, etc. Photographs are a guide and do not represent items included in the sale. Room sizes are approximate. Do not use them to buy carpets or furniture. Floor plans are for guidance only and not to scale. We cannot verify the tenure as we do not have access to the legal title. We cannot guarantee boundaries, rights of way or compliance with local authority planning or building regulation control. You must take advice of your legal representative. Reference to adjoining land uses, i.e. farmland, open fields, etc does not guarantee the continued use in the future. You must make local enquiries and searches. We currently work with a number of recommended conveyancing partners including Move With Us Ltd, The Conveyancing Partnership Ltd and Move Reports UK Ltd and we currently receive a referral fee of £200 for each transaction.