Princess Street, Shrewsbury
- BEDROOMS
7
- BATHROOMS
6
- SIZE
1,558 sq ft
145 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
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 29a Princess Str
- 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
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.
We understand all mains services are connected to the property subject to connection charges by the utility companies. Ingoing tenants to rely on their own enquiries.
Brochures
29-31 Princess Street Sale Particulars .pdf- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- LISTED PROPERTYA property designated as being of architectural or historical interest, with additional obligations imposed upon the owner.Read more about listed properties in our glossary page.
- Listed
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Princess Street, Shrewsbury
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About Cooper Green Pooks, Shrewsbury
3 Barker Street Shrewsbury Shropshire, SY1 1QF
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Visit our security centre to find out moreDisclaimer - Property reference 33749134. 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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