Mixed use for sale
Property description & features
- Tenure: Freehold
- 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
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.
Property information from this agent
Places of interest
Halls - Commercial Property
Halls Holdings House, Bowmen Way, Battlefield Shrewsbury, Shropshire SY4 3DR
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Broadband availability and predicted speed: obtained from Ofcom on January 11, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 11, 2022
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Energy Performance data and Internal floor area
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