icons_size_white icons_size

Agent's details

Ground Floor And Basement, 18 Castle Street

For sale: £250,000.00|1,948 Sq Ft|Restaurants/Cafes, Other, Licensed & Leisure, Other Property Types & Opportunities

Property details

FOR SALE£250,000.00
SIZE1,948 Sq Ft
ADDRESSGround Floor And Basement, 18 Castle Street, Shrewbury, SY1 2AZ
TYPERestaurants/Cafes, Other, Licensed & Leisure, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON21st February 2023


Key Points

  • Showing a Net Initial Yield of 6.14% after allowing for normal purchasers costs
  • Prominently located commercial investment
  • Fronting onto Castle Street
  • Well let shop with basement with unexpired term of approximately 6.5 years
  • Future asset management potential
  • Located in sought after county town of Shrewsbury
  • Summary

    Prominently located commercial investment with an unexpired term of approximately 6 years


    The property comprises of a well let commercial investment property consisting of a ground floor lock up shop with basement which is currently trading as Dough & Oil Restaurant.

    The property was converted by the vendors in 2017 to a high quality which can only be appreciated upon undertaking an internal inspection of the property.

    The property comprises of an end terraced property with basement area.

    The entire ground floor and part of the basement area is currently occupied and trades as Dough & Oil Restaurant who have undertaken a high quality extensive tenant fit out that can only be appreciated by undertaking an internal inspection of the shop unit.

    The commercial premises benefits from a full glazed shop front onto Castle Street and benefits from a limited outside seating area.


    The property is located on the south 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 property is located at the junction of Castle Street with School Gardens.

    The surrounding area is in a mix of commercial and residential properties that has recently benefited from an accumulation of inward investment. The nearby occupiers consist of Barclays Bank, St Nicholas Bar & Grill, Marks and Spencer and H & 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 and this provides access to the national road network.

    Property Available From



    Location: Ground Floor And Basement, 18 Castle Street, Shrewbury, SY1 2AZ

    Shrewsbury (0.1 miles)

    Yorton (6.9 miles)

    Wellington (Shropshire) (9.8 miles)

    What do you think of our website?
    Complete our survey and
    you could win £1000
    Start here