Log In/Sign up
Your email has been sent.
37-38 Castle St 2,978 sq ft 100% Let Retail Property Shrewsbury SY1 2BW £600,000 (£201.48/sq ft) 6.44% Net Initial Yield


Investment Highlights
- Fully leased
- Prominent town centre location
- Mixed use residential and retail
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
2,978 sq ft
Costar Property Class
B
Year Built
1875
Price
£600,000
Price per sq ft
£201.48
Yield
6.44%
NOI
£38,640
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Plot ratio
0.93
Total Plot Size
0.07 ac
Frontage
39 ft on Castle Street
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
37-38 Castle St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
