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Charity shop up for auction

A retail unit housing a thriving charity shop in the Shropshire town of Market Drayton will prove a tempting prospect for investors with an eye for a bargain when it goes on sale at Bond Wolfe’s next auction.

The property at 9 Cheshire Street is let to Newlife Market Drayton - a shop run by the UK’s largest charitable provider of specialist equipment for disabled children. It will have a guide price* of £75,000+ at the livestreamed auction on Thursday March 30.

Gurpreet Bassi, chief executive of Bond Wolfe, said: “This is an excellent commercial investment opportunity in an attractive market town and we predict highly competitive bidding when it goes under the hammer.

“A detached two-storey retail unit, with the charity shop on the ground floor and ancillary use on the ground and first floors, it currently generates rental income of £12,000 per annum.

“The property is approximately 275 metres from the town’s Market Hall Shopping Centre and nearby occupiers include Boots, Greggs, Asda, Costa, Domino's Pizza and JD Wetherspoon.”

The property offers 2,807 sq ft of space on the ground floor and a further 452 sq ft on the first floor.

The freehold is being sold subject to the existing tenancy. The premises are let on a full repairing and insuring lease to Newlife the Charity for Disabled Children for a term of five years from May 25 2020.