Retail premises for sale in Castle Street, Shrewsbury SY1

Key Points

Description

The property comprises of a prominently located ground lock up shop unit with a basement area that forms part of a Grade 2 three storey property. The property provides a Total Net Internal Floor Area of approximately 1,310 ft sq (121.69 m sq) with a toilet and welfare facilities. The property is of traditional construction and has a fully glazed shop front.
The property would lend itself to a variety of commercial uses subject to statutory consents.

Location

The property is prominently located fronting onto Castle Street in the town centre of Shrewsbury. Castle Street serves as one of the main vehicular routes serving the town centre of Shrewsbury. Castle Street serves as one of the main retail streets and the surrounding occupiers include Dutch Living Outlet, Inocencia, Dough and Oil and Plan Burrito. The property is located within proximity of the town’s railway station and bus station.
Shrewsbury is the County Town of Shropshire and has a significant catchment population as well as acting as an administrative and tourist centre. The town is sat on the River Severn and had a population of 76,782 at the 2021 census.
The town is located approximately 48 miles west of the City of Birmingham and approximately 40 miles south of the City of Chester. There is access to the national road network via the A5 (M54 link road).

Viewings

Strictly by prior arrangement with the agents.

Terms

The property is offered for sale with vacant possession on a 999-year lease at peppercorn with the purchaser having a 25% ownership of the freehold interest. Further details are available from the selling agents upon request.
The property is alternatively offered to let on a new lease for a length of term by negotiation on Tenants Full Repairing and Insuring terms with rent reviews at 3 yearly intervals.

Legal Costs

The incoming tenant is to be liable for the landlords legal costs incurred in respect of the granting of the lease.
Each party is to be responsible for their own legal costs in respect of the sale of the property.

Local Authority

Shropshire Council
Shirehall
Abbey Foregate
Shrewsbury
SY2 6nd

Planning

Prospective tenants and purchasers should make their own enquiries.
The property is understood to benefit from planning consent for Use Class E of the Town and Country Use Classes Order.
The property would lend itself to a variety of commercial uses, subject to statutory consents.
The property is understood to be Grade 2 listed.