Horton Lodge Barns

Description

Horton Lodge Barns provide a fantastic investment opportunity set in an accessible and popular location close to the market town of Shrewsbury.

The property consists of 5 residential barns with 2 steel portal frame, timber clad buildings which have been used for storage. The area extends to just over an acre in total which provides ample space for cars to park, access into the agricultural buildings and gardens for the properties.

The barns were converted around 10-15 years ago and have been let on assured shorthold tenancies since their completion. All barns are not occupied and some are in need of modernisation. There are 4 x 2 bedroom properties and 1 x 3 bedroom property. All barns are serviced by a ground source heat pump, the boiler room being located adjacent to the property known as the Hayloft.

The agricultural buildings are steel portal frame and wooden clad and extend to approximately 573m².

Location and Local Amenities

Horton Lodge Barns sit in a convenient rural location with excellent access to the A5 trunk road less than a mile away which provides excellent roadway links to Cheshire and the West Midlands.

Local amenities can be found in the bustling town of Shrewsbury only 3 miles away. Shrewsbury is home to a castle, theatre, numerous museums and a vast range of shops and bars. Named one of England’s finest medieval towns, there is always something for everyone.

The rental market in this area is very strong both for holiday lets and assured shorthold tenancies. The Royal Shrewsbury Hospital is only 1.8 miles from the property which creates strong demand for rental properties in this area. In addition, the residential sale values for recently refurbished barn conversions are strong.

Schools

There is an excellent range of schools within easy reach both in the state and private sectors. These include Shrewsbury School, Oswestry School, Prestfelde and Ellesmere College to name a few.

Boundaries

The purchaser will be responsible for all boundaries marked with a T mark. The purchaser will also be responsible to erect a boundary between points A, B C and D within 3 months of completion.

Services, Easements & Rights of Way and Covenants

The property has the benefit of mains water and electricity. All properties have separate electric meters.

All 5 barns are heated by a communal ground source heat pump.

The barns are also served by a private foul drainage system.

The purchaser must make their own enquiries.

A right of access for all purposes is shown identified hatched blue for the benefit of land to the north west.

The property is being sold subject to and with the benefit of all rights including, right of way whether public or private, light, support, drainage, water and electricity supplied and other rights and obligations, easements and quasi-easements and restrictive covenants and all existing and proposed wayleaves for masts, pylons, stays, cables, drains, water and gas and other pipes whether referred to in these particulars or not.

The property will be subject to an overage provision of 25% of any uplift in value for 30 years in favour of the vendor for any residential development (truncated)

General

Local Authority – Shropshire Council

EPC Rating Council Tax Band
The Granary D C
The Hayloft E C
The Saddlery D C
The Stables D C
The Coach House D C

Vendors Solicitor

Gateley Legal PLC, One Eleven, Edmund Street
Birmingham, B3 2HJ
FAO Catriona Attride
Tel:
Email: Catriona.