Offers in region of
£599,000
Property for saleSchool Gardens, Castle Gates, Shrewsbury SY1
Just added
Freehold
About this property
Attractive period Grade 2 listed property currently providing a fully income producing investment opportunity
It is currently arranged to provide offices and beauty salon within the ground and lower ground floors of the property providing a Total Net Internal Floor area of approximately 1,766 ft sq (165.05 m
There are two residential flats arranged within the first and second floors
Located in School Gardens a sought-after area in the historic town centre of Shrewsbury
Two Car parking spaces
Attractive rear garden
Of interest to investors and future owner occupiers
(Existing businesses unaffected)
The property comprises a prestigious Grade II listed terraced building in the sought-after School Gardens, Shrewsbury town centre. Currently providing a fully income-producing mixed commercial and residential investment, the property benefits from two private car parking spaces, pedestrian and vehicular access from Castle Street, and an attractive rear garden overlooking the River Severn. The property is ideally located within easy walking distance of local amenities, restaurants, Shrewsbury Railway Station and Shrewsbury Castle, and offers excellent potential for investors or future owner-occupiers.
The property comprises of a prestigious part four and part two storey Grade 2 listed terraced property that currently provides a fully income producing mixed commercial and residential investment (existing businesses are unaffected by the sale of the property).
The property is arranged so that it enjoys a unique position fronting onto School Gardens and enjoys vehicular and pedestrian access from Castle Street and the property benefits from two car parking spaces to the front of the property within it's ownership.
Externally as well as the car parking spaces at the front of the property, there is at the rear of the property an attractive garden area which overlooks the River Severn.
The property is of traditional brick construction under a mainly slate roof cover with a flat roof cover over the single storey section at the rear.
The full potential of the property can only be appreciated by undertaking an inspection of the property. The property will be of interest to property investors and future residential owner occupiers. The property could lend itself to being an outstanding town centre house with parking and a rear garden in the future.
Inspection of the property is recommended.
The property enjoys an attractive sought after location within School Gardens in the historic town centre of Shrewsbury. The prestigious Grade 2 property fronts onto School Gardens, which is accessed from Castle Street. School Gardens enjoys a private and exclusive courtyard area that is within proximity of all the local amenities and restaurants that the sought after town of Shrewsbury is able to offer. The property is within easy walking distance of Shrewsbury railway station and Shrewsbury Castle is situated opposite.
Shrewsbury is the county town of Shropshire and one of the region's principal commercial and administrative centres. The town benefits from a strong and diverse economy, with a mix of national retailers, professional services, manufacturing and technology businesses. Shrewsbury offers excellent transport links via the A5 and M54, providing convenient access to Telford, Birmingham, the West Midlands, Mid Wales and the wider national motorway network. The town also benefits from a railway station with direct services to Birmingham, Manchester, Cardiff and Crewe.
Price
£599,000 (Five Hundred and Ninety Nine Thousand Pounds) (exclusive)
Epc
Office 1 - D
Office 2 - E
Office 3 - D
Flat 1 - C
Flat 2 - C
Rateable Values
Leisure Marketing Ltd - Current rateable value (1 April 2026 to present)
£7,200
Lower Ground Floor - Current rateable value (1 April 2026 to present)
£6,900
Council Tax Bands
First Floor Flat - B
Second Floor Flat - B
Vat
The property is understood not to be elected for VAT. Therefore VAT will not payable on the sale price.
Tenure
The property is offered for sale freehold subject to the occupational tenancies and held under the ownership of Title Number SL187014.
The property is subject to the following occupational tenancies;
Commercial
All leases are on a Tenants Full Repairing and Insuring Lease via a Service Charge and Inside the Landlord and Tenant Act 1954 Part 2.
Lower Ground Floor - Let to a Private Individual - 6 Year Term from 8th July 2024 - £7,000 per annum
Office 1 & 2 - Let to Bluespace Homes Limited - 3 Year Term from 18th March 2025 - £4,500 per annum
Office 3 - Let to a Private Individual - 3 Year Term from 10th April 2026 - £3,000 per annum
Residential
First Floor Flat - Assured Periodic Tenancy - £8,400 per annum
Second Floor Flat - Assured Periodic Tenancy - £7,800 per annum
Parking Spaces
Space One - £600 per annum
Space Two - No Current Rent
Services
(Not tested at the time of inspection)
Prospective purchasers to rely on their own enquiries.
The property is understood to benefit from mains electricity, water, gas and mains drainage.
We understand that there are separate mains metered supplies to each part of the property.
Legal Costs
Each party is to be responsible for their own legal costs in respect of the sale of the property.
Planning
The property is understood to benefit from planning consent for its current uses. The commercial uses of the property fall within Use Class E of the Use Classes Order 1987 and the residential uses of the property fall within Use Class C3 of the Town and Country Use Classes Order 1987.
The property is understood to Grade 2 Listed and it is understood to be located in a Conservation Area.
Local Authority
Shropshire Council, Guildhall, Frankwell Quay, Shrewsbury, SY3 8HQ
The property comprises of a prestigious part four and part two storey Grade 2 listed terraced property that currently provides a fully income producing mixed commercial and residential investment (existing businesses are unaffected by the sale of the property).
The property is arranged so that it enjoys a unique position fronting onto School Gardens and enjoys vehicular and pedestrian access from Castle Street and the property benefits from two car parking spaces to the front of the property within it's ownership.
Externally as well as the car parking spaces at the front of the property, there is at the rear of the property an attractive garden area which overlooks the River Severn.
The property is of traditional brick construction under a mainly slate roof cover with a flat roof cover over the single storey section at the rear.
The full potential of the property can only be appreciated by undertaking an inspection of the property. The property will be of interest to property investors and future residential owner occupiers. The property could lend itself to being an outstanding town centre house with parking and a rear garden in the future.
Inspection of the property is recommended.
The property enjoys an attractive sought after location within School Gardens in the historic town centre of Shrewsbury. The prestigious Grade 2 property fronts onto School Gardens, which is accessed from Castle Street. School Gardens enjoys a private and exclusive courtyard area that is within proximity of all the local amenities and restaurants that the sought after town of Shrewsbury is able to offer. The property is within easy walking distance of Shrewsbury railway station and Shrewsbury Castle is situated opposite.
Shrewsbury is the county town of Shropshire and one of the region's principal commercial and administrative centres. The town benefits from a strong and diverse economy, with a mix of national retailers, professional services, manufacturing and technology businesses. Shrewsbury offers excellent transport links via the A5 and M54, providing convenient access to Telford, Birmingham, the West Midlands, Mid Wales and the wider national motorway network. The town also benefits from a railway station with direct services to Birmingham, Manchester, Cardiff and Crewe.
Price
£599,000 (Five Hundred and Ninety Nine Thousand Pounds) (exclusive)
Epc
Office 1 - D
Office 2 - E
Office 3 - D
Flat 1 - C
Flat 2 - C
Rateable Values
Leisure Marketing Ltd - Current rateable value (1 April 2026 to present)
£7,200
Lower Ground Floor - Current rateable value (1 April 2026 to present)
£6,900
Council Tax Bands
First Floor Flat - B
Second Floor Flat - B
Vat
The property is understood not to be elected for VAT. Therefore VAT will not payable on the sale price.
Tenure
The property is offered for sale freehold subject to the occupational tenancies and held under the ownership of Title Number SL187014.
The property is subject to the following occupational tenancies;
Commercial
All leases are on a Tenants Full Repairing and Insuring Lease via a Service Charge and Inside the Landlord and Tenant Act 1954 Part 2.
Lower Ground Floor - Let to a Private Individual - 6 Year Term from 8th July 2024 - £7,000 per annum
Office 1 & 2 - Let to Bluespace Homes Limited - 3 Year Term from 18th March 2025 - £4,500 per annum
Office 3 - Let to a Private Individual - 3 Year Term from 10th April 2026 - £3,000 per annum
Residential
First Floor Flat - Assured Periodic Tenancy - £8,400 per annum
Second Floor Flat - Assured Periodic Tenancy - £7,800 per annum
Parking Spaces
Space One - £600 per annum
Space Two - No Current Rent
Services
(Not tested at the time of inspection)
Prospective purchasers to rely on their own enquiries.
The property is understood to benefit from mains electricity, water, gas and mains drainage.
We understand that there are separate mains metered supplies to each part of the property.
Legal Costs
Each party is to be responsible for their own legal costs in respect of the sale of the property.
Planning
The property is understood to benefit from planning consent for its current uses. The commercial uses of the property fall within Use Class E of the Use Classes Order 1987 and the residential uses of the property fall within Use Class C3 of the Town and Country Use Classes Order 1987.
The property is understood to Grade 2 Listed and it is understood to be located in a Conservation Area.
Local Authority
Shropshire Council, Guildhall, Frankwell Quay, Shrewsbury, SY3 8HQ
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Monthly repayment
£2,996 per month
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