This property is no longer on the market
![PHOTO20240109151126 20240116 14 15 13.jpg](https://media.onthemarket.com/properties/14185483/1482357318/image-0-1024x1024.jpg)
![PHOTO20240109151126 20240116 14 15 15 2.jpg](https://media.onthemarket.com/properties/14185483/1482357318/image-1-1024x1024.jpg)
![PHOTO20240109151126 20240116 14 15 20.jpg](https://media.onthemarket.com/properties/14185483/1482357318/image-2-1024x1024.jpg)
2 bedroom house
Key information
Property description & features
- Tenure: Freehold
- Mixed commercial and residential investment
- Existing businesses unaffected
- Comprises two shops and four flats
- Mixed use investment
- Potential Initial Yield of 9% after allowing for normal purchasers costs
- Comprises 3 two bedroomed residential flats and 1 one bedroom flat
The property comprises of a prominently located part four, part three and part single storey end of terraced property that is arranged as two lock up shop units and four residential flats.
The property is income producing on the ground floor currently trading as Iron and Fire Coffee (coffee shop) and Tap and Can (licenced premises). The existing businesses are unaffected by the sale.
The remainder of the property is arranged to provide 4 residential flats that are accessed via a self contained ground floor entrance over the upper floors of the property. The flats are vacant and can be let out to generate further income. The flats provide 3 two bedroomed residential flats and 1 one bedroom flat.
The property is understood to be a Grade 2 listed building. The property is of traditional brick construction with a slate roof and rendering to the upper parts of the property.
Unit 1, 13 Castle Gates trading as Tap and Can is arranged to provide a ground floor lock up shop unit that has a seating area and welfare facilities with a Total Net Internal Floor Area of approximately 1,067 ft sq (99.11 m sq). Unit 2, 13 Castle Gates trading as Iron and Fire Coffee is arranged to provide a ground floor lock up shop unit that is arranged to provide sales, preparation area and a toilet with a Net Internal Floor Area of approximately 334 sq ft (31.03 m sq).
Potential Initial Yield 9% after allowing for normal purchasers costs.
The potential of the property can only be fully appreciated by undertaking an internal inspection.
Location
The property is located fronting onto Castle Gates within the town centre of the sought after town of Shrewsbury. Castle Gates serves as a main arterial route within the town centre of Shrewsbury.
The property is located in area of mixed development with the surrounding occupiers include The Bulls Head, the Bingo Hall and Piccolino Pizzas. The property is situated directly opposite Shrewsbury station and in close proximity to Shrewsbury Castle.
Shrewsbury is the County Town of Shropshire and has a significant catchment population as well as acting as an administrative and tourist centre. The town is sat on the River Severn and had a population of 76,782 at the 2021 census.
The town is located approximately 48 miles west of the City of Birmingham and approximately 40 miles south of the City of Chester. There is access to the national road network via the A5 (M54 link road).
Property information from this agent
Places of interest
![Halls](https://media.onthemarket.com/agents/branches/53867/200701090624579/logo-190x100.jpg)
Halls - Commercial Property
Halls Holdings House, Bowmen Way, Battlefield Shrewsbury, Shropshire SY4 3DR
See more properties like this:
*DISCLAIMER
Property reference 192113-1. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Halls - Commercial Property.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 31, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 31, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.