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3-3A High St 393 sq ft Retail Property Shrewsbury SY1 1SP £600,000 (£1,526.72/sq ft)
INVESTMENT HIGHLIGHTS
- Current passing rent from whole building is £45,000 per annum.
- Good transport links.
- Recently renovated three storey residential four bedroom furnished HMO to upper floors.
EXECUTIVE SUMMARY
Mixed use Town Centre Investment opportunity. Seeking offers of £600,000 (six hundred thousand pounds), reflecting a gross initial yield of 7.5%.
The property comprises a Grade 2 listed period building (constructed of brick elevations) fronting directly onto High Street. There is a modern shop front for the retail unit and a separate dedicated entrance to the residential accommodation above. The building has been recently renovated to provide a four bedroom House of Multiple Occupancy (HMO) above with a shop unit at ground. The residential accommodation has been finished to a high standard (see photos) and all rooms are currently let at the time of drafting the particulars. The retail unit is let to Coastguard Road Limited t/a Moshulu, who have 23 stores located in affluent towns throughout the UK.
The property comprises a Grade 2 listed period building (constructed of brick elevations) fronting directly onto High Street. There is a modern shop front for the retail unit and a separate dedicated entrance to the residential accommodation above. The building has been recently renovated to provide a four bedroom House of Multiple Occupancy (HMO) above with a shop unit at ground. The residential accommodation has been finished to a high standard (see photos) and all rooms are currently let at the time of drafting the particulars. The retail unit is let to Coastguard Road Limited t/a Moshulu, who have 23 stores located in affluent towns throughout the UK.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
393 sq ft
Year Built
1900
Price
£600,000
Price per sq ft
£1,526.72
Tenancy
Single
Number of Floors
5
Plot ratio
0.45
Total Plot Size
0.02 ac
Frontage
14 ft on Milk Street
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NEARBY MAJOR RETAILERS
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3-3A High St
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