Retail premises for sale in Investment Opportunity, 39-40 Castle Street, Shrewsbury, Shropshire SY1

Offers in region of £325,000 (£326.31/sq. ft)
Interested in this property? Call +44 1743 534929 * or Request Details

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Retail premises for sale 996 sq. ft*
Tenure: Not available Council tax band: Not available

Property features

  • A prominent well presented investment
  • Prominently located shop premises in the sought after town of Shrewsbury
  • Extensively fitted out as a hair salon
  • Located opposite M&S and H&M and in close proximity to Greggs
  • Rent currently £20,000 per annum rising to £22,500 (in July 2022) per annum
  • Term of 15 years, with approximately 6 years until Tenant Break

Property description

The property comprises of a ground floor lock up shop unit with a basement area that forms part of a three storey property fronting onto Castle Street that is extensively and well fitted out as a hair salon.

The property benefits from a fully glazed shop frontage onto Castle Street and is arranged to provide a ground floor shop unit with a Total Net Internal Floor Area on the ground floor that benefits from a sales area in use as a hair salon and welfare facilities. The property has a basement area accessed from within the shop unit.

The property provides an income producing investment ideal for a private pension fund or a property company with potential for further asset management in the future.

The property is located on the north side of Castle Street, which serves as one of the main thoroughfares in the town centre of Shrewsbury and a secondary trading location in the town's retail hierachy.

The property benefits from a prominent position fronting onto Castle Street and being within close proximity to the prime retail pitch of Pride Hill. The nearby occupiers consist of Barclays Bank, Marks and Spencer and H&M.

Shrewsbury is the County Town of Shropshire and is an established tourist and market town and the town centre benefits from numerous listed buildings. The town had a population of 71,715 at the 2011 Census.

The town is located 9 miles east of the Welsh Border and serves as a commercial centre for Shropshire and mid- Wales with a retail output of over £299 million per year. The town is located approximately 48 miles west of the City of Birmingham, approximately 44 miles south of the City of Chester and approximately 53 miles north of the City of Hereford.

The town benefits from proximity to the A5/M54 which provides access to the national road network.

A prominent well presented investment

Prominently located shop premises in the sought after town of Shrewsbury

Extensively fitted out as a hair salon

Located opposite M&S and H&M and in close proximity to Greggs

Rent currently £20,000 per annum rising to £22,500 (in July 2022) per annum

Term of 15 years, with approximately 6 years until Tenant Break

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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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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