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Bicton Heath Shopping Centre Welshpool Rd 21,122 sq ft 100% Let Retail Property Shrewsbury SY3 5AD £4,540,000 (£214.94/sq ft) 7.50% Net Initial Yield
Investment Highlights
- Anchored by The Co-operative with long term lease commitment through 2034
- Positioned in a high-demand residential suburb near Oxon Park & Ride and Royal Shrewsbury Hospital
- Located on Welshpool Road (A458), offering strong visibility and direct connectivity to the A5 and wider motorway network
- Onsite EV charging facilities
Executive Summary
Opportunity to acquire a secure neighbourhood retail investment. Bicton Heath Shopping Centre presents a secure neighbourhood retail investment anchored by the Co-operative Supermarket. The property comprises a modern convenience scheme arranged over 21,168 sq ft with six complementary retail units and an EV charging station across a 1.65-acre site. The scheme is fully let to eight tenants producing an attractive annual income of £363,084, reflecting affordable rents averaging £17.15 per sq ft and ensuring future rental growth potential. The property benefits from a customer car park with 63 spaces and strong accessibility from the A458 (Welshpool Road), a key arterial route west of Shrewsbury.
Positioned within a densely populated and growing residential area, this investment benefits from minimal competing supermarkets in the Shrewsbury West Urban Area. Offers are invited in the region of £4,540,000, providing a compelling net initial yield of 7.50%.
Positioned within a densely populated and growing residential area, this investment benefits from minimal competing supermarkets in the Shrewsbury West Urban Area. Offers are invited in the region of £4,540,000, providing a compelling net initial yield of 7.50%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Standalone
Property Size
21,122 sq ft
Costar Property Class
B
Year Built
1992
Price
£4,540,000
Price per sq ft
£214.94
Yield
7.50%
NOI
£340,500
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Amenities
- 24 Hour Access
- Accent Lighting
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Bicton Heath Shopping Centre | Welshpool Rd
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