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27 Claremont Hl 761 sq ft Retail Property Shrewsbury SY1 1RD £460,000 (£604.47/sq ft) 7.30% Net Initial Yield
Investment Highlights
- Mixed-use Grade II property
- Prime Shrewsbury location
- Retail Unit with 3 income-producing flats above
Executive Summary
A Grade II listed mixed-use freehold property in a prominent position on Claremont Hill, linking Shrewsbury’s retail centre with Quarry Park and the River Severn.
The building comprises a ground-floor retail unit with extensive basement storage - offered with vacant possession - and three self-contained one-bedroom flats arranged across the upper floors, all let on ASTs generating £19,800 per annum.
Located on a busy pedestrian route with strong footfall and surrounded by independent retailers, professional services and leisure destinations, the property offers both immediate income and further asset management potential within one of Shrewsbury’s most desirable town-centre locations
The building comprises a ground-floor retail unit with extensive basement storage - offered with vacant possession - and three self-contained one-bedroom flats arranged across the upper floors, all let on ASTs generating £19,800 per annum.
Located on a busy pedestrian route with strong footfall and surrounded by independent retailers, professional services and leisure destinations, the property offers both immediate income and further asset management potential within one of Shrewsbury’s most desirable town-centre locations
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
761 sq ft
Costar Property Class
C
Year Built
1980
Price
£460,000
Price per sq ft
£604.47
Yield
7.30%
NOI
£33,580
Tenancy
Single
Number of Floors
4
Plot ratio
0.92
Total Plot Size
0.02 ac
Frontage
16 ft on Claremont Hill
Amenities
- Signage
Nearby Major Retailers
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27 Claremont Hl
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