No longer on the market
This property is no longer on the market
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MapRetail property (high street)
Let agreed
Retail property (high street)
1,310 sq ft / 122 sq m
Features and description
- Prominently located in Shrewsbury town centre fronting onto Castle Street
- Total Net Internal Floor Area 1,310 ft sq (121.69 m sq)
- Ground floor lock up shop unit with basement
- Suitable for a variety of uses
Description
The property comprises of a prominently located ground lock up shop unit with a basement area that forms part of a Grade 2 three storey property. The property provides a Total Net Internal Floor Area of approximately 1,310 ft sq (121.69 m sq) with a toilet and welfare facilities. The property is of traditional construction and has a fully glazed shop front.
The property would lend itself to a variety of commercial uses subject to statutory consents.
Location
The property is prominently located fronting onto Castle Street in the town centre of Shrewsbury. Castle Street serves as one of the main vehicular routes serving the town centre of Shrewsbury. Castle Street serves as one of the main retail streets and the surrounding occupiers include Dutch Living Outlet, Inocencia, Dough and Oil and Plan Burrito. The property is located within proximity of the town’s railway station and bus station.
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).
Viewings
Strictly by prior arrangement with the agents.
Terms
The property is offered for sale with vacant possession on a 999-year lease at peppercorn with the purchaser having a 25% ownership of the freehold interest. Further details are available from the selling agents upon request.
The property is alternatively offered to let on a new lease for a length of term by negotiation on Tenants Full Repairing and Insuring terms with rent reviews at 3 yearly intervals.
Legal Costs
The incoming tenant is to be liable for the landlords legal costs incurred in respect of the granting of the lease.
Each party is to be responsible for their own legal costs in respect of the sale of the property.
Local Authority
Shropshire Council
Shirehall
Abbey Foregate
Shrewsbury
SY2 6ND
Planning
Prospective tenants and purchasers should make their own enquiries.
The property is understood to benefit from planning consent for Use Class E of the Town and Country Use Classes Order.
The property would lend itself to a variety of commercial uses, subject to statutory consents.
The property is understood to be Grade 2 listed.
The property comprises of a prominently located ground lock up shop unit with a basement area that forms part of a Grade 2 three storey property. The property provides a Total Net Internal Floor Area of approximately 1,310 ft sq (121.69 m sq) with a toilet and welfare facilities. The property is of traditional construction and has a fully glazed shop front.
The property would lend itself to a variety of commercial uses subject to statutory consents.
Location
The property is prominently located fronting onto Castle Street in the town centre of Shrewsbury. Castle Street serves as one of the main vehicular routes serving the town centre of Shrewsbury. Castle Street serves as one of the main retail streets and the surrounding occupiers include Dutch Living Outlet, Inocencia, Dough and Oil and Plan Burrito. The property is located within proximity of the town’s railway station and bus station.
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).
Viewings
Strictly by prior arrangement with the agents.
Terms
The property is offered for sale with vacant possession on a 999-year lease at peppercorn with the purchaser having a 25% ownership of the freehold interest. Further details are available from the selling agents upon request.
The property is alternatively offered to let on a new lease for a length of term by negotiation on Tenants Full Repairing and Insuring terms with rent reviews at 3 yearly intervals.
Legal Costs
The incoming tenant is to be liable for the landlords legal costs incurred in respect of the granting of the lease.
Each party is to be responsible for their own legal costs in respect of the sale of the property.
Local Authority
Shropshire Council
Shirehall
Abbey Foregate
Shrewsbury
SY2 6ND
Planning
Prospective tenants and purchasers should make their own enquiries.
The property is understood to benefit from planning consent for Use Class E of the Town and Country Use Classes Order.
The property would lend itself to a variety of commercial uses, subject to statutory consents.
The property is understood to be Grade 2 listed.
Property information from this agent
About this agent
Halls - Commercial Property
Halls Holdings House, Bowmen Way, Battlefield
Shrewsbury, Shropshire
SY4 3DR
01743 534860Halls Commercial provides a range of specialist commercial property services to clients of all sizes across the UK. We have a comprehensive knowledge of our markets developed over many years operating in this sector. Our service is forward thinking, personal and professional, designed to achieve the best results for our clients whatever their requirements. Although we operate nationwide, we retain a particular emphasis on the Midlands. Agency Services Our commercial agency team are on hand to offer friendly advice and market appraisals, helping you buy and sell commercial property throughout Shropshire, Worcestershire, Mid Wales, the West Midlands and beyond. We advise investors and developers on selling and acquiring commercial property, while also assisting with the acquisition of new premises or disposing of unwanted space. From offices and retail to industrial and leisure-based properties, we can guide you through the sale of all types of commercial property. Offering advice at every stage, we will help you find the best route to market and give you advice on how to attract the right buyers. We can also give guidance on development land, whether owner occupied or held as an investment. With strong links to buyers, our skilled and knowledgeable team are on hand to advise from start to finish. This includes guidance on any works required prior to sale, including applications for planning consent, refurbishment programmes and tenant disputes. Management Services Offering a strategic approach, we always have your future needs in mind. Whether you’re an experienced landlord or a one-off investor, we understand that your priority is to increase the value of your investment while minimising void periods and building a strong tenant profile. Working closely with our in-house marketing and PR team, we have a comprehensive tenant vetting process to help minimise your risks. If you’re looking to expand your commercial property portfolio, we will take the time needed to gain a full understanding of your needs and match you with properties suited to your business requirements within your timescales. Professional Property Services Halls Commercial is a team of RICS Registered Valuers with professional indemnity insurance cover of £10 million. As you would expect we are on the valuation panels of most of the major banks including Barclays, Lloyds, Royal Bank of Scotland, HSBC, NatWest, Handelsbanken, and Clydesdale. Our experienced team of valuers operates in accordance with RICS Valuation Standards (Red Book), International Financial Reporting Standards (IFRS) and UK GAAP and alongside the years of experience across our Commercial team, our valuations are backed by the latest valuation and appraisal software.
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