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73 Wyle Cop 1,696 sq ft 100% Let Retail Property Shrewsbury SY1 1UX £415,000 (£244.69/sq ft) 7.50% Net Initial Yield


Investment Highlights
- Prominently located in the historic sought after town of Shrewsbury
- Arranged currently as three commercial units and residential apartments sold off on long leases
- Part income producing and part vacant with significant asset management potential and potential for alternative uses subject to statutory consents
Executive Summary
£415,000 (four hundred and fifteen thousand pounds) showing a Net Initial Yield of 7.5% after allowing for normal purchasers costs. Based upon estimated rental values of the vacant commercial unit.
The sale of this property offers part income producing and part vacant mixed commercial/residential investment. This substantial Grade I listed property, arranged over three and single storeys with a basement, comprises three commercial retail units and three residential apartments sold off on long leases. Benefiting from frontages onto both Wyle Cop and Barracks Passage. The property is freehold held under the ownership of Title Number SL246416. Offering a mix of income-producing and vacant space, it presents significant asset management opportunities.
The sale of this property offers part income producing and part vacant mixed commercial/residential investment. This substantial Grade I listed property, arranged over three and single storeys with a basement, comprises three commercial retail units and three residential apartments sold off on long leases. Benefiting from frontages onto both Wyle Cop and Barracks Passage. The property is freehold held under the ownership of Title Number SL246416. Offering a mix of income-producing and vacant space, it presents significant asset management opportunities.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,696 sq ft
Costar Property Class
B
Year Built
1670
Price
£415,000
Price per sq ft
£244.69
Yield
7.50%
NOI
£31,125
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Frontage
19 ft on Wyle Cop
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Nearby Major Retailers
1 of 3
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73 Wyle Cop
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