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Agent's details

Toni & Guy, 37 Castle Street, SY1

For sale: £600,000.00|Mixed Use, Other Property Types & Opportunities

Property details

FOR SALE£600,000.00
ADDRESSToni & Guy, 37 Castle Street, Shrewsbury, Shropshire, SY1 2BW
TYPEMixed Use, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON8th April 2024

Description

Key Points

  • Variety of surrounding national multiples including Marks & Spencer and H&M
  • Two shop units, one let to national multiple Mascolo Limited (trading as Toni & Guy)
  • Further income secured from ground rents of residential units
  • Rare investment opportunity in Shrewsbury town centre
  • Summary

    Prominent town centre location in sought after town of Shrewsbury

    Description

    The property comprises of a four storey property with a basement which is currently arranged as two shop units with a basement to 37 Castle Street (Toni & Guy) and the upper floors in residential use. The property has been subject to comprehensive works recently as part of the conversion works to provide residential apartments. This has included an overhaul of the property structure externally.

    The property is now in good order which holds an attraction for future asset management. 37 Castle Street is currently in use as a hairdressers trading as Toni & Guy, and 38 Castle Street is currently trading as a cafe/tearoom. The upper floors are in residential use. The property is of traditional construction with two glazed shop frontages onto Castle Street.

    Shrewsbury is the county town of Shropshire and is an established tourist and administrative centre, located 45 miles north west of Birmingham, 41 miles south of Chester and 15 miles west of Telford.

    The town has good road communications with the A49 linking the town with the Midlands and the North of England, and the A5 providing access to the M54 and M6 motorways.

    The subject property is located on the south side of Castle Street, which is one of the main thoroughfares and forms a continuation of Pride Hill which is the town's recognised retail core.

    The property occupies a prominent position directly opposite the Darwin Shopping Centre, and in particular, the entrances to Marks & Spencers and H&M.

    Location

    marker
    Location: Toni & Guy, 37 Castle Street, Shrewsbury, Shropshire, SY1 2BW

    Shrewsbury (0.2 miles)

    Yorton (6.9 miles)

    Wellington (Shropshire) (9.8 miles)

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