The Victorian Arcade, 21-24 Mardol, Shrewsbury, SY1 1PS
£81.43 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
23,948 sq ft
2,225 sq m
- SECTOR
High street retail property for sale
Key features
- Freehold retail, office and leisure investment within an affluent County town.
- Current income of £160,450 per annum rising to £173,200 when fully let.
- Good tenant mix with national, regional and local occupiers. Let to long established traders.
- Approx Area 2,225 sq m (23,948 sq ft).
- WAULT 4.74 years to break.
- A short walk to the Railway and Bus Station as well as public car parks.
Description
A freehold mixed-use commercial/retail/office investment.
Current Income £160,450 per annum.
Potential income £173,200 when fully let.
The property comprises 22 Hills Lane/24-25 Mardol - an interiors/homeware store constructed in the style of a traditional arcade, 19 Hills Lane trading as a bar/nightclub with separate restaurant on upper floors and a 3 storey office block (Westgate House) with a restaurant at ground and basement levels.
Location
The property is located in the town centre between the river loop and the central prime shopping pitch of Pride Hill. The property is adjacent to short stay surface parking areas with long stay parking also being close by.
As the county town and administrative centre of Shropshire, Shrewsbury has a borough population of roughly 76,782 (according to the 2021 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.
Viewings
By appointment with Cooper Green Pooks
Services
All mains services (excluding gas) are understood to be available subject to connection charges by the utility companies.
Local Authority
Shropshire Council
Town Planning/Use
The various individual properties within the investment lot are understood to have an existing use Class E retail/leisure & Class C3 dwelling for their current use and are situated within Shrewsbury Town Centre Conservation Area. Other uses may be appropriate, subject to planning.
Prospective occupiers should rely on their own enquiries with the Planning Authority as to whether planning permission is necessary for their proposed use.
Energy Performance Certificates
EPCEPCEPCEPCBrochures
The Victorian Arcade, 21-24 Mardol, Shrewsbury, SY1 1PS
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Shrewsbury Station0.3 miles
Notes
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