35 Wyle Cop, Shrewsbury, SY1 1XF
Size
2,328
Tenure
Freehold
EPC
Parking
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- Primary use
- Mixed use
Key features
- The shop has historically traded as a carpet shop, the property will be sold with vacant possession of the commercial space and subject to the residential tenancy.
- Sales area approximately 668 sq ft. (62.09 m²).
- Located on Wyle Cop, reputedly the longest run of independent shops in the UK.
- Also located immediately adjacent to the towns major pay and display car park.
- Split into a ground floor retail unit and flat above with separate access off Wyle Cop.
- Planning permission has been secured for the creation of a one-bedroom first floor flat of approximately 48 m² above the existing storage building to the rear of the property. (ref: 25/04448/FUL).
- The flat is currently let with an annual income of £9,900 and the retail unit has an ERV of £18,500 per annum.
Description
The property comprises an attractive three storey terraced mixed use building comprising brick elevations, a pitched tile roof with four pane sash windows at first and second floor levels. It has a traditional timber shop façade with a fully glazed shop front and a recessed shop entrance typical of shops on Wyle Cop.
Internally, the retail unit comprises a ground floor retail area at the front, kitchenette, storage and WC at the rear and offices at first floor level. There is also good basement storage.
The flat benefits from a separate access off Wyle Cop to the left of the shop front. At first floor level is the second bedroom and bathroom, at second floor level is the main bed-room with WC and the Kitchen and Living room at the front of the property overlooking Wyle Cop.
Planning permission (ref: 25/04448/FUL) has been secured for an increase in roof height and the creation of a one-bedroom first floor flat of approximately 48 m² above the existing storage building.
It offers excellent potential for an investor, developer or owner-occupier in a sought-after town centre location.
Interested parties should make their own enquiries with the local planning authority regarding the permission, including any conditions and the date by which works must commence.
Location
Occupying a prominent position at the bottom of Wyle Cop on the right hand side as you approach from English Bridge. Adjacent to the NPC Car Park and opposite the Lion and Pheasant Hotel and Restaurant and Ernest & Co, the unit benefits from excellent footfall and visibility from traffic entering and leaving town.
Wyle Cop is reputedly the longest run of independent retailers in the UK and provides a major tourist draw for Shrewsbury.
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.
Shrewsbury has a resident urban population of approximately 80,000 people with a County-wide population in excess of 325,000.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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- Floors in building
- 1
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Brochure
About CGP Commercial Property LLP, 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 426190-1. 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 CGP Commercial Property LLP, 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.