1-2 Castle Street, Shrewsbury, SY1 2BD
£986.19 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
507-1,905 sq ft
47-177 sq m
- SECTOR
High street retail property for sale
Key features
- Prominently situated town centre retail unit with upper floors for sale.
- Sales Area 48.36 sq m (520 sq ft).
- Freehold.
- Let to well established tenant JG Foods Ltd T/A Grape Tree (Health foods) - A National retailer with over 140 stores across the UK
- Existing rental income of £35,000 per annum (exclusive)
- Gross yield of 7%.
- Grade II listed building.
- Located at the top of Pride Hill where Castle Street meets St Mary ’s Street . Pride Hill is the primary retail area within Shrewsbury town centre and is entirely pedestrianised.
- Nearby occupiers include Marks & Spencer, WHSmith and the Post Office, Barclays Bank, the Computer Exchange, Greggs, and a variety of other national and independent retailers.
- Bus stops nearby and a short walk to the railway station and bus station.
Description
The property was built in 1723, comprising of a characterful town centre retail unit arranged as ground floor with three upper floors; constructed in the local period style having brick elevations beneath a pitched tile roof with attic dormer windows.
Location
As the county town and administrative centre of Shropshire, Shrewsbury has a borough population of roughly 80,000 (according to the 2022 census), a 5% rise since 2020 and a catchment extending towards Mid Wales of roughly 608,000 people. Strategically situated at the intersection of the A49 from the South of Wales and the A5 trunk road leading to the North of Wales and Telford.
Situation
Situated in prominent trading position between WHSmith and Marks & Spencer at the top of Pride Hill, Shrewsbury’s main retail street. Nearby occupiers include Greggs, Barclays Bank, H&M, The Body Shop, Tesco Express and Superdrug. Closeby are a number of independent restaurants, bars and cafés.
The main railway and bus stations are both less than 5 minutes walk away and there are a number of car parks available to the general public located in the near vicinity.
Development
Shropshire is currently undergoing a regeneration project with over 1,500 new homes being built within the town. There are currently 139,000 households in Shrewsbury which will increase by 28% by 2043 according to Shropshire Council’s Strategic Plan for 2022—2025. This will provide an economic boost to the town’s economy with the increased population using the town centre’s existing retail provision.
Additionally, Shrewsbury town centre will shortly begin works to redevelop the Riverside and Pride Hill shopping centers into ’a truely 21st Century destination and experience’. This will drastically alter the face of retail in Shrewsbury, creating a vibrant mixed use development that will re
-connect the heart of Shrewsbury to the River Seven and is predicted to create over 2,000 new jobs.
Brochures
1-2 Castle Street, Shrewsbury, SY1 2BD
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 –
Notes
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