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The Victorian Arcade, 21-24 Mardol

For sale: £2,100,000.00|23,948 Sq Ft|Land, Other, Leisure Property, Mixed Use, Office, General Retail, Retail - High Street, Commercial Land, Other Property Types & Opportunities, Licensed & Leisure, Offices, Retail

Property details

FOR SALE£2,100,000.00
SIZE23,948 Sq Ft
ADDRESSThe Victorian Arcade, 21-24 Mardol, Shrewsbury, SY1 1PS
TYPELand, Other, Leisure Property, Mixed Use, Office, General Retail, Retail - High Street, Commercial Land, Other Property Types & Opportunities, Licensed & Leisure, Offices, Retail
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON4th October 2022

Description

Key Points

  • Mixed Use Investment
  • Reflecting a gross yield of 7.39%
  • Current Income £155,200 per annum
  • Town Centre
  • Good tenant mix
  • Between Hills Lane and Mardol
  • Let to long established businesses
  • 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.

    Location

    marker
    Location: The Victorian Arcade, 21-24 Mardol, Shrewsbury, SY1 1PS

    Shrewsbury (0.3 miles)

    Yorton (7.0 miles)

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