No longer on the market
This property is no longer on the market
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Map2 bedroom house
Under offer
House
2 beds
3794
Key information
Tenure: Freehold
Council tax: Ask agent
Broadband: Ultra-fast 330Mbps *
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Features and description
- Mixed commercial and residential investment
- Existing businesses unaffected
- Comprises two shops and four flats
- Mixed use investment
- Potential Initial Yield of 9% after allowing for normal purchasers costs
- Comprises 3 two bedroomed residential flats and 1 one bedroom flat
Description
The property comprises of a prominently located part four, part three and part single storey end of terraced property that is arranged as two lock up shop units and four residential flats.
The property is income producing on the ground floor currently trading as Iron and Fire Coffee (coffee shop) and Tap and Can (licenced premises). The existing businesses are unaffected by the sale.
The remainder of the property is arranged to provide 4 residential flats that are accessed via a self contained ground floor entrance over the upper floors of the property. The flats are vacant and can be let out to generate further income. The flats provide 3 two bedroomed residential flats and 1 one bedroom flat.
The property is understood to be a Grade 2 listed building. The property is of traditional brick construction with a slate roof and rendering to the upper parts of the property.
Unit 1, 13 Castle Gates trading as Tap and Can is arranged to provide a ground floor lock up shop unit that has a seating area and welfare facilities with a Total Net Internal Floor Area of approximately 1,067 ft sq (99.11 m sq). Unit 2, 13 Castle Gates trading as Iron and Fire Coffee is arranged to provide a ground floor lock up shop unit that is arranged to provide sales, preparation area and a toilet with a Net Internal Floor Area of approximately 334 sq ft (31.03 m sq).
Potential Initial Yield 9% after allowing for normal purchasers costs.
The potential of the property can only be fully appreciated by undertaking an internal inspection.
Location
The property is located fronting onto Castle Gates within the town centre of the sought after town of Shrewsbury. Castle Gates serves as a main arterial route within the town centre of Shrewsbury.
The property is located in area of mixed development with the surrounding occupiers include The Bulls Head, the Bingo Hall and Piccolino Pizzas. The property is situated directly opposite Shrewsbury station and in close proximity to Shrewsbury Castle.
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).
The property comprises of a prominently located part four, part three and part single storey end of terraced property that is arranged as two lock up shop units and four residential flats.
The property is income producing on the ground floor currently trading as Iron and Fire Coffee (coffee shop) and Tap and Can (licenced premises). The existing businesses are unaffected by the sale.
The remainder of the property is arranged to provide 4 residential flats that are accessed via a self contained ground floor entrance over the upper floors of the property. The flats are vacant and can be let out to generate further income. The flats provide 3 two bedroomed residential flats and 1 one bedroom flat.
The property is understood to be a Grade 2 listed building. The property is of traditional brick construction with a slate roof and rendering to the upper parts of the property.
Unit 1, 13 Castle Gates trading as Tap and Can is arranged to provide a ground floor lock up shop unit that has a seating area and welfare facilities with a Total Net Internal Floor Area of approximately 1,067 ft sq (99.11 m sq). Unit 2, 13 Castle Gates trading as Iron and Fire Coffee is arranged to provide a ground floor lock up shop unit that is arranged to provide sales, preparation area and a toilet with a Net Internal Floor Area of approximately 334 sq ft (31.03 m sq).
Potential Initial Yield 9% after allowing for normal purchasers costs.
The potential of the property can only be fully appreciated by undertaking an internal inspection.
Location
The property is located fronting onto Castle Gates within the town centre of the sought after town of Shrewsbury. Castle Gates serves as a main arterial route within the town centre of Shrewsbury.
The property is located in area of mixed development with the surrounding occupiers include The Bulls Head, the Bingo Hall and Piccolino Pizzas. The property is situated directly opposite Shrewsbury station and in close proximity to Shrewsbury Castle.
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).
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.