Log In/Sign Up
Your email has been sent.
3-3A High St 393 SF Retail Building Shrewsbury SY1 1SP $817,996 ($2,081.41/SF)
Investment Highlights
- Current passing rent from whole building is £45,000 per annum.
- Good transport links.
- Recently renovated three storey residential four bedroom furnished HMO to upper floors.
Executive Summary
Mixed use Town Centre Investment opportunity. Seeking offers of £600,000 (six hundred thousand pounds), reflecting a gross initial yield of 7.5%.
The property comprises a Grade 2 listed period building (constructed of brick elevations) fronting directly onto High Street. There is a modern shop front for the retail unit and a separate dedicated entrance to the residential accommodation above. The building has been recently renovated to provide a four bedroom House of Multiple Occupancy (HMO) above with a shop unit at ground. The residential accommodation has been finished to a high standard (see photos) and all rooms are currently let at the time of drafting the particulars. The retail unit is let to Coastguard Road Limited t/a Moshulu, who have 23 stores located in affluent towns throughout the UK.
The property comprises a Grade 2 listed period building (constructed of brick elevations) fronting directly onto High Street. There is a modern shop front for the retail unit and a separate dedicated entrance to the residential accommodation above. The building has been recently renovated to provide a four bedroom House of Multiple Occupancy (HMO) above with a shop unit at ground. The residential accommodation has been finished to a high standard (see photos) and all rooms are currently let at the time of drafting the particulars. The retail unit is let to Coastguard Road Limited t/a Moshulu, who have 23 stores located in affluent towns throughout the UK.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
393 SF
Year Built
1900
Price
$817,996
Price Per SF
$2,081.41
Tenancy
Single
Building Height
5 Stories
Building FAR
0.45
Lot Size
0.02 AC
Frontage
14’ on Milk Street
1 1
Nearby Major Retailers
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
3-3A High St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.