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Agent's details

Property agent
James Satoor

18 Castle Street

For sale: £250,000.00|2,439 Sq Ft|Other, Retail - High Street, Other Property Types & Opportunities, Retail

Property details

FOR SALE£250,000.00
SIZE2,439 Sq Ft
ADDRESS18 Castle Street, Shrewsbury, SY1 2AZ
TYPEOther, Retail - High Street, Other Property Types & Opportunities, Retail
TENUREInvestment Opportunity, For Sale Leasehold
POSTED ON3rd October 2022

Description

Key Points

  • Long Leasehold Investment (999 years)
  • Asking price £250,000
  • Rental Income £19,000 per annum
  • Unexpired term of 6 years
  • Gross yield of 7.6%
  • 2017 sqft (GIA) restaurant area over two floors
  • Large street frontage with canopy
  • Located on popular Castle Street
  • Nearby occupiers include Marks & Spencers, H&M, Barclays Bank, WHSmith and Greggs
  • Public transport nearby
  • Summary

    Commercial investment property for sale with attractive gross yield.

    Description

    18 Castle Street is an attractive ground and lower ground floor premises currently trading very successfully as local pizza restaurant ‘Dough and Oil’. The ground floor sits under a protruding canopy giving space for covered dining. The extensive lower ground floor provides further dining space.

    Viewings

    Strictly via the sole selling agent Cooper Green Pooks

    Location

    Located at the brow of Castle Street in Shrewsbury’s Town Centre, opposite the historic Shrewsbury Castle and just down from H&M, M54 Marks and Spencers and Barclays Bank. Castle Street is one of the main routes for both pedestrian and vehicle access through town, connecting the train and bus station to the heart of Shrewsbury. Shrewsbury is the county town of Shropshire with a borough population of 90,000 and a substantial catchment extending into Mid-Wales.

    Services

    All mains services (except gas) are connected to the property with their own meters.

    Local Authority

    Shropshire Council, The Shirehall, Abbey Foregate, Shrewsbury, SY2 6ND

    Town Planning/Use

    The premises are understood to have an existing use for Class E Retail purposes and are situated within the Shrewsbury Town Centre Conservation Area. Other uses may be considered.

    Prospective tenants should rely on their own enquiries with the Planning Authority as to whether planning permission is necessary for their proposed use.

    Anti-money Laundering and Identity Verification:

    To comply with anti-money laundering regulations, we are obliged to verify identify and confirm source of funding for all parties leasing or purchasing property. This is in addition to routine references and credit checks.

    Fixtures & Fittings

    All items usually classed as tenants’ fixtures and fittings, and not mentioned in these details are excluded from the sale.

    Location

    marker
    Location: 18 Castle Street, Shrewsbury, SY1 2AZ

    Shrewsbury (0.1 miles)

    Yorton (6.9 miles)

    Wellington (Shropshire) (9.8 miles)

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