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29-31 Princess Street, Shrewsbury, SY1 1LW

From
£1,100,000

£1455.03 per sq ft

Business rates & charges may apply

Cooper Green Pooks, Shrewsbury
SIZE AVAILABLE

756-1,558 sq ft

70-145 sq m

SECTOR

Mixed use property for sale

Key features

  • Recently split into a ground floor retail units with extensive basement storage, a five bedroom (with en suite shower rooms) House of Multiple Occupancy (HMO) and two bedroom apartment
  • Retail unit 30-31 Princess Street, let on a 6-year lease to Ginger and Co Coffee Limited, a local independent coffee shop that has been operating in the town for a number of years and
  • Uppers currently fully let on Assured Short Term Tenancies (ASTs) .
  • Current rental income is £84,940 per rising to £86,940 per annum on 22/08/2025.
  • Asking Price: £1,100,000 reflecting a gross initial yield of 7.7% rising to 7.9% in August 2025.
  • EPC ratings for Ground Floor are D 76 and B 46.
  • EPC for Residential Uppers is C 79.
  • Further asset management potential.

Description

Description
29-31 Princess Street is Listed Grade 2 and 2* and provides a striking façade which blends with many of the period buildings along the street. It underwent a comprehensive redevelopment/refurbishment in 2022 to provide a 5 -room House of Multiple Occupation (HMO) and a two-bedroom flat whilst retaining the two retail units on the ground floor.
The HMO units have been provided to an excellent standard of finish (see photos) and are fully occupied on periodic tenancies. The retail units are let on leases expiring in 2026 and 2028 (both inside the Act) with Ginger & Co being a very successful and popular café’ in the Town.

Location
The property is located on Princess Street just off the historic Square in Shrewsbury’s town centre - the town’s most sought after retail pitch. The Street is a thriving mix of independent retailers, cafes and restaurants and is due to be enhanced further by the planned redevelopment of the former House of Fraser building which will provide high quality residential above and F & B use fronting Princess Street.
Shrewsbury is the county town of Shropshire being located about 47.8 miles North-West of Birmingham, 43.2 miles South of Chester, and 16.5 miles West of Telford. It has an urban population of 80,000 and benefits from good road communication links leading from the A5 trunk road to the M54 motorway and onto the M6 and the rest of the country’s national motorway network. The town is also served by the A49 Cardiff—Manchester trunk road and the A458 from its mid-Wales hinterland.
There are direct rail services to London Euston (approximately 2 hours 41 minutes) and also to Birmingham, Manchester and Cardiff.

In 2024, Shrewsbury was named number one in the Telegraph’s list of UK’s best high streets.  Shrewsbury Market Hall has also been voted ‘Britain’s Favourite Market’ for an :unprecedented” third year running and a record 4th time at the 2025 Great British Market awards. The town is also home to Wyle Cop which is reputedly the longest uninterrupted run of independent traders in the Country.
Given such accolades, it is hardly surprising that Shrewsbury’s High Street attracted record footfall numbers in December 2024 with more than £135million spent by visitors to it’s town centre shops and businesses, outperforming GB benchmarks.

Energy Performance Certificates

EPCEPCEPC

Brochures

29-31 Princess Street, Shrewsbury, SY1 1LW

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Shrewsbury Station0.4 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

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Disclaimer - Property reference 158503-1. 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.

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