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39-40 Castle Street, Shrewsbury, SY1 2BW

Offers in Excess of
£285,000

£281.34 per sq ft

Business rates & charges may apply

Cooper Green Pooks, Shrewsbury
SIZE AVAILABLE

1,013 sq ft

94 sq m

SECTOR

High street retail property for sale

Floor Plan
1

Key features

  • Long leasehold town centre retail investment.
  • Prominent location in sought after Regional town.
  • Located opposite Marks & Spencer, H&M and in close proximity to Pride Hill and the Darwin Shopping Centre.
  • A short walk to Shrewsbury's railway and bus stations and adjacent to the towns main bus stops.
  • Rent £22,000 per annum exclusive.
  • 7.7% gross yield (7.3% NIY allowing for purchasers costs at 5.6%).

Description

Description
39-40 Castle Street is a ground floor retail unit located on Shrewsbury’s popular Castle Street. The front elevation has a recessed, good sized shopfront and the unit is deemed suitable for a variety of uses.

Location
Located at the top of Castle Street in Shrewsbury’s town centre, opposite Marks & Spencer and H&M, neighbouring Barclays and a range of independent retailers. Castle street is one of the main arterial routes for both pedestrian and vehicle access through town, connecting the railway and bus stations to the heart of Shrewsbury.

Shrewsbury is the county town of Shropshire with a borough population of roughly 80,000 and a substantial catchment extending into Mid-Wales.

Viewings
Strictly via Cooper Green Pooks

Brochures

39-40 Castle Street, Shrewsbury, SY1 2BW

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Shrewsbury Station0.2 miles

About Cooper Green Pooks, Shrewsbury

3 Barker Street, Shrewsbury, SY1 1QF

BUSINESS SPACE - As commercial property agents, we can offer informed advice on all aspects of office and industrial properties. Whether representing landlords, tenants or developers with regards to sales, lettings or advise, we are in tune with current demands in this fast moving sector.

RETAIL / LEISURE - We have extensive knowledge and experience of all types of retail units and leisure developments, whether in high street locations or secondary towns and pitches.

INVESTMENT - We provide institutions, property companies and private investors with a detailed insight into sales and purchases while keeping alert to every opportunity for adding value.

DEVELOPMENT - Developers and occupiers appreciate our creative and flexible approach to site acquisition and disposal. We work closely with national agency and investment colleagues.

If you'd like to discuss any commercial property related matters or to arrange an informal valuation please contact a member of the commercial team today on 01743 276666 or cjp@cgpooks.co.uk

VALUATION

We offer a comprehensive valuation service to a wide range of clients throughout Shropshire and the Welsh Borders. In addition, we are able to offer national coverage for specialised property and/or specific clients.

We have expert knowledge of the wider Shropshire area based on long experience of the market in retail shops, office, industrial, investment and leisure uses, development land and specialist animal welfare premises.

Clients include banks, building societies, charities, executors, administrators/liquidators, property companies, pension funds and private individuals.

Commercial property valuations are undertaken for bank lending, acquisition, asset, matrimonial, probate, disposal or taxation purposes.

If you'd like to arrange a professional valuation please contact a member of the commercial team today on 01743 276666 or tcp@cgpooks.co.uk

RENT REVIEWS AND LEASE RENEWALS

We provide expert advice on rent reviews and lease renewals on industrial, office, retail property and more specialist commercial property. We can help you obtain the best rental settlements, negotiate new leases or secure improvements to existing ones. We can provide advice on lease surrenders and other 'exit routes'.

We will also proceed to arbitration where required. A major strength is our detailed knowledge of the Shropshire, Midlands and North Wales marketplace. This gives clients the reassurance that we are in tune with current trends and market levels.

If you'd like to discuss your commercial property requirements and how we can help please contact a member of the commercial team today on 01743 276666 or cjp@cgpooks.co.uk

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 118691-1. 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 Cooper Green Pooks, Shrewsbury. 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.

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