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Retail property (high street) to rent

Shrewsbury
Retail property (high street)
649
Added > 14 days

Features and description

  • Total Net Sales Area of Approximately 619 sq ft (57.09 sq m)
  • Suitable for a variety of uses, subject to the necessary statutory consents.
  • Surrounded by a mix of established occupiers including Morris Lubricants, a dental surgery and various takeaway operators
The property comprises a prominently located ground floor shop unit fronting onto one of the main arterial routes into Shrewsbury town centre. Situated on the edge of the town centre at 35 Castle Foregate, the unit benefits from strong visibility and passing traffic, making it an attractive opportunity for a range of occupiers.

The accommodation provides a Total Net Sales Area of Approximately 619 sq ft (57.09 sq m) and is suitable for a variety of uses, subject to the necessary statutory consents. The property is available to let at a rent of £12,000 per annum (exclusive), offering an affordable and well-positioned retail opportunity in a well-established commercial location.

Location - The property is prominently situated fronting onto Castle Foregate, one of the principal routes into Shrewsbury town centre from the north and east. Located on the northern edge of the town centre, the property benefits from strong visibility and accessibility, with nearby amenities including the railway station and main Post Office.

Key Location Highlights
•Fronting Castle Foregate, a main arterial route into Shrewsbury town centre.
•Positioned on the edge of the town centre, close to Shrewsbury Railway Station.
•Surrounded by a mix of established occupiers including Morris Lubricants, a dental surgery and various takeaway operators
•On-street parking available in the immediate vicinity.
•Shrewsbury lies 16.3 miles west of Telford and 31.5 miles north of Wolverhampton.
•Access to the national motorway network via the M54 at Telford.

Shrewsbury is the county town of Shropshire and serves as an important administrative, commercial and tourist centre. The town benefits from strong regional connectivity and a diverse local economy, making it an attractive location for retail and service-based occupiers.

Tenure - The property is offered to let on a new lease for a length of term by negotiation. The lease will be granted on Tenants Internal Repairing and Insuring Terms with the tenant being responsible for the maintenance of the shop front. There will be rent reviews at 3 yearly intervals.

Services - (Not tested at the time of inspection) All mains water, electricity and drainage are connected to the property.

Planning - The property is understood to benefit from Use Class E. The property would lend itself to a variety of potential uses subject to statutory consents.

Legal Costs - The tenant is to be responsible for the landlord reasonable legal costs incurred in respect of the granting of the lease.

Local Authority - Shropshire Council, The Guildhall, Frankwell Quay, Shrewsbury, SY3 8HQ

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Crime score
Moderate crime
5/10

About this agent

Halls - Commercial Property
Halls - Commercial Property
Halls Holdings House, Bowmen Way, Battlefield Shrewsbury, Shropshire SY4 3DR
01743 534860
Full profileProperty listings
Halls 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.
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