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Map7 bedroom property for sale
Princess Street, Shrewsbury
Property
7 beds
6 baths
1558
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Key information
Tenure: Freehold
Council tax: Ask agent
Features and description
- Recently split into a ground floor retail units with extensive basement storage, a five bedroom (with en suite shower rooms) House of Multiple Occupancy (HMO) and two bedroom apartment
- Retail unit 30-31 Princess Street, let on a 6-year lease to Ginger and Co Coffee Limited, a local independent coffee shop that has been operating in the town for a number of years and 29a Princess Str
- Uppers currently fully let on Assured Short Term Tenancies (ASTs) .
- Current rental income is £84,940 per rising to £86,940 per annum on 22/08/2025.
- Asking Price: £1,100,000 reflecting a gross initial yield of 7.7% rising to 7.9% in August 2025.
- EPC ratings for Ground Floor are D 76 and B 46.
- EPC for Residential Uppers is C 79.
- Further asset management potential.
29-31 Princess Street is Listed Grade 2 and 2* and provides a striking façade which blends with many of the period buildings along the street. It underwent a comprehensive redevelopment/refurbishment in 2022 to provide a 5 -room House of Multiple Occupation (HMO) and a two-bedroom flat whilst retaining the two retail units on the ground floor.
The HMO units have been provided to an excellent standard of finish (see photos) and are fully occupied on periodic tenancies. The retail units are let on leases expiring in 2026 and 2028 (both inside the Act) with Ginger & Co being a very successful and popular café’ in the Town.
Location
The property is located on Princess Street just off the historic Square in Shrewsbury’s town centre - the town’s most sought after retail pitch. The Street is a thriving mix of independent retailers, cafes and restaurants and is due to be enhanced further by the planned redevelopment of the former House of Fraser building which will provide high quality residential above and F & B use fronting Princess Street.
Shrewsbury is the county town of Shropshire being located about 47.8 miles North-West of Birmingham, 43.2 miles South of Chester, and 16.5 miles West of Telford. It has an urban population of 80,000 and benefits from good road communication links leading from the A5 trunk road to the M54 motorway and onto the M6 and the rest of the country’s national motorway network. The town is also served by the A49 Cardiff—Manchester trunk road and the A458 from its mid-Wales hinterland.
There are direct rail services to London Euston (approximately 2 hours 41 minutes) and also to Birmingham, Manchester and Cardiff.
We understand all mains services are connected to the property subject to connection charges by the utility companies. Ingoing tenants to rely on their own enquiries.
The HMO units have been provided to an excellent standard of finish (see photos) and are fully occupied on periodic tenancies. The retail units are let on leases expiring in 2026 and 2028 (both inside the Act) with Ginger & Co being a very successful and popular café’ in the Town.
Location
The property is located on Princess Street just off the historic Square in Shrewsbury’s town centre - the town’s most sought after retail pitch. The Street is a thriving mix of independent retailers, cafes and restaurants and is due to be enhanced further by the planned redevelopment of the former House of Fraser building which will provide high quality residential above and F & B use fronting Princess Street.
Shrewsbury is the county town of Shropshire being located about 47.8 miles North-West of Birmingham, 43.2 miles South of Chester, and 16.5 miles West of Telford. It has an urban population of 80,000 and benefits from good road communication links leading from the A5 trunk road to the M54 motorway and onto the M6 and the rest of the country’s national motorway network. The town is also served by the A49 Cardiff—Manchester trunk road and the A458 from its mid-Wales hinterland.
There are direct rail services to London Euston (approximately 2 hours 41 minutes) and also to Birmingham, Manchester and Cardiff.
We understand all mains services are connected to the property subject to connection charges by the utility companies. Ingoing tenants to rely on their own enquiries.
Property information from this agent
About this agent
Cooper Green Pooks is a result of the combination of two of Shrewsbury’s longest established estate agents, Cooper Green and Pooks. Having initially both set up in the 1880′s, the two businesses joined forces in 1993 and in 2013 moved into the prominent, newly refurbished premises in Barker Street in Shrewsbury town centre. The business currently employs 28 members of staff. The same customer and client care which has ensured the firm’s success over the years has been improved and built upon with the use of the best available agency and management software, a cutting edge website and use of the latest marketing tools. Being awarded both Gold and Silver in the prestigious ESTAS 2013 Sales and Letting Agent Awards demonstrates the excellent service offered and the high level of client satisfaction. The awards are based solely on client votes and are independently verified. The business is regulated by the RICS (Royal Institution of Chartered Surveyors) and by ARLA (Association of Residential Letting Agents). This ensures that the business adheres to a very strict code of conduct which gives complete protection to both clients and customers. Cooper Green Pooks has four departments: Residential Sales Residential Lettings Commercial Agency and Professional Services Commercial Management Each department has its own team of experienced and knowledgeable partners and staff to provide valuable, reliable advice and an energetic, proactive level of service. Opening hours: Monday to Friday 9am to 5.30pm Saturday 9am to 3pm