No longer on the market
This property is no longer on the market
Floorplans (
MapRetail property (high street)
Under offer
Retail property (high street)
1055
Features and description
- Total Net Sales Area 1,055 sq ft
- Retail/residential investment opportunity
- Significant asset management potential
- Town centre location
- Grade II listed
- Planning consent for the conversion of the upper floors into 3 residential flats with a self contained ground floor entrance
The property comprises of a prominently located four storey mid terraced property that is currently arranged as a shop unit with upper floors that is understood to be Grade 2 listed. The property has the benefit of planning consent under Planning Reference Numbers 23/01854/FUL and 23/01855/LBC for the conversion of the upper floors into 3 residential flats with a self contained ground floor entrance. The property is currently in shell condition ready for the conversion works to commence.
The property benefits from a generous glazed shop front and is currently arranged to provide a ground floor shop unit with a Total Net Internal Floor Area 1,055 ft sq (98 m sq). The property has significant asset management potential that can only be appreciated upon undertaking an inspection of the property.
The property is of traditional construction and benefits from pedestrian access directly off Wyle Cop.
The property is prominently located fronting onto Wyle Cop in the centre of the sought after town of Shrewsbury. Wyle Cop serves as a main road in the vehicular one way system serving the town centre. The surrounding occupiers include Brok, Oberon, Lotus Living and Wyle Blue World. Wyle Cop is famed for it's range of independent retailers.
As the county town and administrative centre of Shropshire, Shrewsbury has a borough population of approximately 77,000 (2022 census), a 5% rise since 2020 and a catchment extending towards mid Wales of roughly 608,000 people.
Strategically situated at the intersection of the A49 from the south of Wales and the A5 leading to north Wales and Telford.
Shrewsbury town centre will shortly begin works to redevelop the Riverside and Pride Hill shopping centers into 'a truely 21st Century destination and experience'. This will create a vibrant mixed use development that will re-connect the heart of Shrewsbury to the River Seven and is predicted to create over 2,000 new jobs.
The property benefits from a generous glazed shop front and is currently arranged to provide a ground floor shop unit with a Total Net Internal Floor Area 1,055 ft sq (98 m sq). The property has significant asset management potential that can only be appreciated upon undertaking an inspection of the property.
The property is of traditional construction and benefits from pedestrian access directly off Wyle Cop.
The property is prominently located fronting onto Wyle Cop in the centre of the sought after town of Shrewsbury. Wyle Cop serves as a main road in the vehicular one way system serving the town centre. The surrounding occupiers include Brok, Oberon, Lotus Living and Wyle Blue World. Wyle Cop is famed for it's range of independent retailers.
As the county town and administrative centre of Shropshire, Shrewsbury has a borough population of approximately 77,000 (2022 census), a 5% rise since 2020 and a catchment extending towards mid Wales of roughly 608,000 people.
Strategically situated at the intersection of the A49 from the south of Wales and the A5 leading to north Wales and Telford.
Shrewsbury town centre will shortly begin works to redevelop the Riverside and Pride Hill shopping centers into 'a truely 21st Century destination and experience'. This will create a vibrant mixed use development that will re-connect the heart of Shrewsbury to the River Seven and is predicted to create over 2,000 new jobs.
Property information from this agent
About this agent
Halls - Commercial Property
Halls Holdings House, Bowmen Way, Battlefield
Shrewsbury, Shropshire
SY4 3DR
01743 534860Halls Commercial provides a range of specialist commercial property services to clients of all sizes across the UK. We have a comprehensive knowledge of our markets developed over many years operating in this sector. Our service is forward thinking, personal and professional, designed to achieve the best results for our clients whatever their requirements. Although we operate nationwide, we retain a particular emphasis on the Midlands. Agency Services Our commercial agency team are on hand to offer friendly advice and market appraisals, helping you buy and sell commercial property throughout Shropshire, Worcestershire, Mid Wales, the West Midlands and beyond. We advise investors and developers on selling and acquiring commercial property, while also assisting with the acquisition of new premises or disposing of unwanted space. From offices and retail to industrial and leisure-based properties, we can guide you through the sale of all types of commercial property. Offering advice at every stage, we will help you find the best route to market and give you advice on how to attract the right buyers. We can also give guidance on development land, whether owner occupied or held as an investment. With strong links to buyers, our skilled and knowledgeable team are on hand to advise from start to finish. This includes guidance on any works required prior to sale, including applications for planning consent, refurbishment programmes and tenant disputes. Management Services Offering a strategic approach, we always have your future needs in mind. Whether you’re an experienced landlord or a one-off investor, we understand that your priority is to increase the value of your investment while minimising void periods and building a strong tenant profile. Working closely with our in-house marketing and PR team, we have a comprehensive tenant vetting process to help minimise your risks. If you’re looking to expand your commercial property portfolio, we will take the time needed to gain a full understanding of your needs and match you with properties suited to your business requirements within your timescales. Professional Property Services Halls Commercial is a team of RICS Registered Valuers with professional indemnity insurance cover of £10 million. As you would expect we are on the valuation panels of most of the major banks including Barclays, Lloyds, Royal Bank of Scotland, HSBC, NatWest, Handelsbanken, and Clydesdale. Our experienced team of valuers operates in accordance with RICS Valuation Standards (Red Book), International Financial Reporting Standards (IFRS) and UK GAAP and alongside the years of experience across our Commercial team, our valuations are backed by the latest valuation and appraisal software.