48 High Street, Shrewsbury, SY1 1ST
Size
1,046
Tenure
Freehold
EPC
Parking
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- Primary use
- High street retail
- Other use(s)
- High street retail, High street retail
- Frontage
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No floor / site plan
Key features
- High Street location in an award winning regional town with 6.2 million visitors (YTD 2025), up 5.5% on previous year.
- Located at the busy junction of the High Street, Milk Street, Wyle Cop and Fish Street.
- Tenant in their second 6 year term at the premises.
- Grade II listed building let on FRI terms.
- Price £215,000 earning an annual rent of £14,250 reflecting a 6.6% gross initial yield.
Description
This Grade II Listed Georgian building comprises a distinctive shop unit constructed principally of brick elevations over four floors and retains a number of period features including sash windows. The building is let as a whole, with a traditional ground floor retail unit with fully glazed frontage and recessed covered entrance and three additional floors above for storage/offices and Kitchenette and w/cs.
Location
The property is located at the top of High Street close to its junction with Milk Street, Fish Street and Wyle Cop. Adjacent occupiers include The Wheatsheaf pub, Halon Menswear, Fabricius Green jewelers and Moshulu shoes. High Street forms part of the one-way traffic route through the town centre which is closed to traffic on the weekends and there are numerous town centre car parks close by.
The High Street is home to a number of multiples such as Neils Yard, Slat Rock, Crew and White Stuff together with strong established local retailers which Shrewsbury is famous for. A development contract has been signed on the former House of Fraser department store, to provide a mix of high class residential and ground floor retail and leisure uses, further enhancing the vitality and viability of the High Street.
Shrewsbury is the county town of Shropshire being located approximately 48 miles North-West of Birmingham, 43 miles South of Chester, and 17 miles West of Telford.
The town benefits from excellent transport links with arterial roads leading from the A5 (T) to the M54 motorway and on towards the M6 and the rest of the country’s national motorway network. The Town is also located off the A49 Hereford to Cheshire trunk road and at the beginning of the A458 to mid-Wales. There are also direct rail services to London Euston (approximately 2 hours 41 minutes) and also to Birmingham, Manchester and Cardiff.
Shrewsbury has a resident urban population of approximately 80,000 people with a County-wide population in excess of 325,000.
Shrewsbury and Retail:
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.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
- No
- Floors in building
- 1
- Business for sale
- No
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About Cooper Green Pooks, Shrewsbury
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
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Disclaimer - Property reference 213013-1. 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.