The Victorian Arcade, 21-24 Mardol

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Key Points

Summary

Mixed Use Investment Portfolio. Reflecting a gross yield of 7.39% and reflecting expected gross yield of 8% when fully let

Description

Freehold mixed commercial/retail/office investment.

Current Income £155,200 per annum.
Potential income £167,950 when fully let.

Good tenant mix with national, regional and local occupiers.

Let to long established traders and businesses.

Balanced risk with a variety of property types (retail, office, leisure).

Reflecting a gross yield of 7.39% and reflecting expected gross yield of 8% when fully let.

Viewings

By appointment with Cooper Green Pooks

Location

The property forms 3 blocks, including retail units fronting Mardol, retail/leisure units fronting Hills Lane and offices on Hills Lane. Shrewsbury Town Centre between the River loop and the central prime shopping pitch of Pride Hill. Nearby Occupiers To Mardol include Watson & Thornton, Pizza Express, The Kings Head, The Curry House, J A Woodroffe (jewellers) and The Shrewsbury Hotel (Wetherspoons).

Shrewsbury Town Centre between the River loop and the central prime shopping pitch of Pride Hill. The property is adjacent to short stay surface
parking areas with long stay parking also being close by. Shrewsbury is the county town of Shropshire with a borough population of about 90,000 and a substantial catchment extending into Mid Wales.

Services

All mains services (excluding gas) are understood to be available subject to connection charges by the utility companies.

Local Authority

Shropshire Council

Town Planning/Use

The various premises to the portfolio are understood to have an existing use Class E retail/leisure & Class C3 dwelling for their current use and are situated within Shrewsbury Town Centre Conservation Area. Other uses may be considered.

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