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37-38 Castle St
Shrewsbury SY1 2BW

Retail Property For Sale

Mixed Use Properties Shropshire Shrewsbury 37-38 Castle St, Shrewsbury, SHR SY1 2BW

Investment Highlights

  • Fully leased
  • Prominent town centre location
  • Mixed use residential and retail

Executive Summary

The property comprises of a four storey property with a basement which is currently arranged as two shop units with a basement to 37 Castle Street (Toni & Guy) and the upper floors in residential use. The property has been subject to comprehensive works recently as part of the conversion works to provide residential apartments. This has included an overhaul of the property structure externally.
The property is now in good order which holds an attraction for future asset management. 37 Castle Street is currently in use as a hairdressers trading as Toni & Guy, and 38 Castle Street is currently trading as a cafe/tearoom. The upper floors are in residential use. The property is of traditional construction with two glazed shop frontages onto Castle Street.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
2,978 SF
Building Class
B
Year Built
1875
Price
£600,000
Price Per SF
£201
Net Initial Yield
6.44%
NOI
£38,640
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Building FAR
0.93
Lot Size
0.07 AC
Frontage
39 ft on Castle Street

Amenities

  • Storage Space
 

  • Listing ID: 29401507

  • Date on Market: 30/08/2023

  • Last Updated:

  • Address: 37-38 Castle St, Shrewsbury SY1 2BW

The Retail Property at 37-38 Castle St, Shrewsbury, SY1 2BW is currently available for sale. Contact Halls Holding Ltd for more information.

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