3-4 5 6&7 Mardol Head, Shrewsbury, Shropshire, SY1 1HD

Description

This Investment Sale comprises of three Properties comprising of Retail space which are currently laid out as predominantly open plan retail with ancillary offices and storage rooms to the first floor, along with kitchen facilities and WCs.

3-4, 5 6&7 Mardol Head collectively generate a total passing rent of £145,000 per annum. Offers are invited for our Clients freehold interest in excess of £1,600,000. An acquisition at this level would reflect a gross yield of 9.06% at a capital value of £122.56 per square foot on a Gross Internal basis.

Please download the brochure for detailed information. EPC's, Floorplans and Lease's are available on request.

Location

The Properties are situated in the most prominent retailing location in Shrewsbury. The prime retail area is pedestrianised Pride Hill and Mardol Head, naturally drawing in footfall from the High Street. Shrewsbury is strategically situated at the intersection of A49 from the South of Wales and the A5 leading to the North of Wales and the M54 leading to Telford and Birmingham/West Midlands. The town is located 45 miles northwest of Birmingham, 41 miles south of Chester and 15 miles west of Telford.



Accommodation

The Property has been measured on a Gross Internal Area (GIA) basis in accordance with the RICS Code of Measuring Practice.

The total Property GIA is 13,054 sq ft (1212 sq m).

Each party is to be responsible for their own legal costs incurred in this transaction.

VAT

This property is elected for VAT and anticipate the sale will be undertaken as a Transfer of a Going Concern (TOGC).

EPC

3-4 Mardol Head -EPC rating is C (63) A copy of the certificate is available upon request.
5 Mardol Head - EPC rating is B (37) A copy of the certificate is available upon request.
6-7 Mardol Head - EPC rating is B (49) A copy of the certificate is available upon request.


Use

Viewings to be accompanied by a Wells McFarlane staff member only.