Commercial property for sale in Investment Opportunity, Toni & Guy, 37 Castle Street, Shrewsbury, Shropshire SY1

£600,000
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Commercial property for sale
Tenure: Not available Council tax band: Not available

Property features

  • Prominent town centre location in sought after town of Shrewsbury
  • 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

Property 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.

Prominent town centre location in sought after town of Shrewsbury

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

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For more information about this property, please contact
Halls Commercial, SY4 on +44 1743 534929 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Halls Commercial, and do not constitute property particulars. Please contact Halls Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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