Retail Property (high street) for sale

31 Castle Street, Shrewsbury, SY1

Sold STC 1 sq. ft. | £425,000

Property Description

Key features

  • Landmark Town Centre Property
  • Current Rental Income 30,900 P.A
  • Rising To 32,900 P.A.
  • Shop With 3 Flats Above
  • Asset Management Potential
  • Freehold

Full description

Tenure: Freehold

Location:
The premises are situated in the heart of Shrewsbury Town Centre, on Castle Street, within the main retail district, approximately 200m from the Train Station. Nearby occupiers include M&S, Barclays Bank, H&M and Waitrose. Shrewsbury is the County Town of Shropshire, with good communication links to neighbouring towns and cities, with Telford being 14 miles to the east and Birmingham City Centre being 40 miles to the south-east.

Description:
Lock-up Shop to ground floor with basement storage. There are 3 self-contained, one-bedroom flats to the
upper floors which are accessed via an Entrance Lob by to the side.

Lease Terms:

Ground Floor/Basement:

Let on Standard FRI Terms for 10 years at a rent of 12,000 p.a. Rising to 13,000 p.a. from April 2015 and 14,000p.a. in April 2016. Excluded from Landlord & Tenant Act Sections 24-28. Conditional Tenants Break Option in March 2017, subject to 12 months prior notice.

1st, 2nd & 3rd Floor Flats:
Individually Let on Assured Shorthold Tenanciesat 525pcm each.

Rateable Value:
12,000

Price:
425,000 (no VAT)


More information from this agent

Nearest station

  • Shrewsbury (0.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Truslove, Redditch

Daralbee House Archer Road, Redditch, Worcestershire, B98 8DJ

01527 338011 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Shrewsbury (0.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Truslove, Redditch

Daralbee House Archer Road, Redditch, Worcestershire, B98 8DJ

01527 338011 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 31_Castle_Street_SY1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by John Truslove, Redditch. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.