House · SY1 1LW
Opportunity summary
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About
The premises forms part of an attractive Grade II Listed 3-storey mixed-use property and comprises a well-appointed retail unit extending to a Total Net Sales Area of approximately 1,280 sq ft (118.92 Sqm) with staff welfare facilities and basement storage areas.
The property has the benefit of a full length, attractive glazed frontage with recessed entranceway, and a number of character features throughout.
The premises is considered suitable for a wide range of potential uses, subject to planning.
Location - The property occupies a prominent retail location fronting onto Princess Street, a popular and sought-after retail location on the edge of the main Square, with a host of national and independent traders nearby including Fat Face, Jigsaw, Seasalt, Starbucks and Côte Brasserie.
Shrewsbury is the historic County Town and administration centre of Shropshire strategically located at the intersection of the main A49 an A5 trunk roads, approximately 55 miles to the northwest of Birmingham, Telford is approximately 18 miles to the east whilst Chester is approximately 40 miles to the north.
Accommodation - All measurements are approximate (Net Internal) GROUND FLOOR 1280 SQ FT | 118.8 SQ M BASEMENT STORE ROOM 156 SQ FT | 14.5 STAFF ROOM 128 SQ FT | 14.9 TOTAL NET INTERNAL FLOOR AREA – 1,564 SQ FT | 148.2 SQ M Rateable Value - £31,750 Rent - £24,500 per annum Vat - All costs/ prices are exclusive of, but subject to, VAT if applicable.
We are advised that the Landlord has elected to charge VAT on the property.
Epc - D 79 Tenure - The property is available To Let on new Lease on Tenant’s full repairing and insuring basis subject to service charge providing for a term to be agreed, subject to upward only rent reviews at 3 yearly intervals.
Local Authority - Shropshire Council Guildhall, Frankwell Quay, Shrewsbury Services - Mains water, electricity and drainage services are understood to be connected to the property.
Prospective tenants are advised to make their own enquiries with the relevant utility companies.
Planning - The premises form part of a Grade II Listed property and is located within the Shrewsbury Town Conservation Area.
The property is understood to benefit from planning consent for use Class E of the Town and Country Use Class Order.
Legal Costs - The incoming Tenant is to be responsible for the Landlords reasonable legal costs in connection with the transaction.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Princess Street, Shrewsbury
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