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3 & 3A High Street, Shrewsbury, SY1 1SP

From
£600,000

£351.91 per sq ft

Business rates & charges may apply

Cooper Green Pooks, Shrewsbury
SIZE AVAILABLE

1,705 sq ft

158 sq m

SECTOR

Mixed use property for sale

Key features

  • Retail unit let on a 7 year lease to Coastguard Road Limited (CRN 01154129) t/a Moshulu (shoe retailer) who have 23 stores in affluent towns across the UK.
  • Recently renovated three storey residential four bedroom furnished HMO to upper floors, with separate access off High Street.
  • Uppers currently fully let on Assured Short Term Tenancies (ASTs) .
  • Current passing rent from whole building is £45,000 per annum.
  • Price: Seeking offers of £600,000 (six hundred thousand pounds), reflecting a gross initial yield of 7.5%.
  • EPC rating for Ground Floor is D 93.
  • EPC for Residential Uppers is B 82.

Description

Description
The property comprises a Grade 2 listed period building (constructed of brick elevations) fronting directly onto High Street. There is a modern shop front for the retail unit and a separate dedicated entrance to the residential accommodation above. The building has been recently renovated to provide a four bedroom House of Multiple Occupancy (HMO) above with a shop unit at ground.
The residential accommodation has been finished to a high standard (see photos) and all rooms are currently let at the time of drafting the particulars.  The retail unit is let to Coastguard Road Limited t/a Moshulu, who have 23 stores located in affluent towns throughout the UK.

Location
High Street is located in the town centre and forms part of a one-way traffic loop through the town centre which is closed to car traffic at weekends (there is an alternative car route around the town centre via Town walls). There are bus stops along its route and the town’s bus depot and railway station are within easy walking distance.
As the county town and administrative centre of Shropshire, Shrewsbury has a borough population of roughly 80,000 (according to previous census), a 5% rise since 2020 and a larger catchment extending into Mid Wales of roughly 600,000 people.
It is 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 and Birmingham on the M54.

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

EPCEPC

Brochures

3 & 3A High Street, Shrewsbury, SY1 1SP

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Shrewsbury Station0.3 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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