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Agent's details

INVESTMENT OPPORTUNITY*, 39-40 Castle Street, Shrewsbury, Shropshire, SY1 2BW

For sale: £325,000.00|996 Sq Ft|Retail - High Street, Retail

Property details

FOR SALE£325,000.00
SIZE996 Sq Ft
ADDRESSINVESTMENT OPPORTUNITY*, 39-40 Castle Street, Shrewsbury, Shropshire, SY1 2BW
TYPERetail - High Street, Retail
TENUREFor Sale Freehold
POSTED ON12th March 2022


The property comprises of a ground floor lock up shop unit with a basement area that forms part of a three storey property fronting onto Castle Street that is extensively and well fitted out as a hair salon.

The property benefits from a fully glazed shop frontage onto Castle Street and is arranged to provide a ground floor shop unit with a Total Net Internal Floor Area on the ground floor that benefits from a sales area in use as a hair salon and welfare facilities. The property has a basement area accessed from within the shop unit.

The property provides an income producing investment ideal for a private pension fund or a property company with potential for further asset management in the future.

The property is located on the north side of Castle Street, which serves as one of the main thoroughfares in the town centre of Shrewsbury and a secondary trading location in the town's retail hierachy.

The property benefits from a prominent position fronting onto Castle Street and being within close proximity to the prime retail pitch of Pride Hill. The nearby occupiers consist of Barclays Bank, Marks and Spencer and H and M.

Shrewsbury is the County Town of Shropshire and is an established tourist and market town and the town centre benefits from numerous listed buildings. The town had a population of 71,715 at the 2011 Census.

The town is located 9 miles east of the Welsh Border and serves as a commercial centre for Shropshire and mid- Wales with a retail output of over £299 million per year. The town is located approximately 48 miles west of the City of Birmingham, approximately 44 miles south of the City of Chester and approximately 53 miles north of the City of Hereford.

The town benefits from proximity to the A5/M54 which provides access to the national road network.

A prominent well presented investment

Prominently located shop premises in the sought after town of Shrewsbury

Extensively fitted out as a hair salon

Located opposite M and S and H and M and in close proximity to Greggs

Rent currently £20,000 per annum rising to £22,500 (in July 2022) per annum

Term of 15 years, with approximately 6 years until Tenant Break

( Agency Pilot Software ref: 48999 )


Location: INVESTMENT OPPORTUNITY*, 39-40 Castle Street, Shrewsbury, Shropshire, SY1 2BW

Shrewsbury (0.2 miles)

Yorton (6.9 miles)

Wellington (Shropshire) (9.8 miles)

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