Features
- Attractive two-storey Grade II listed retail investment property extending in total to approx. 647 sqft (60.15 sqm).
- Well-appointed accommodation incorporating a number of period features.
- Highly sought-after location within the heart of Shrewsbury Town Centre amongst a variety of independent and boutique retailers.
- Currently let and trading as Prego on a 5 year lease from May 2022 at a rent of £4,500 per annum rising to £6,000 per annum in May 2023.
- Guide Price: Offers in the region of £125,000 are invited for the freehold interest subject to and with the benefit of the existing tenancy.
Description
The property occupies a convenient location in the historic area of Grope Lane which leads directly to the main High Street within the heart of Shrewsbury Town Centre.
The main High Street boasts a wide range of national and independent retailers with Costa Coffee, Jones the Bootmakers and White Stuff within close proximity together with a number of boutique retail outlets, the Prince Rupert Hotel and the main retail area of Pride Hill only a short distance away.
Shrewsbury is the historic County Town and main administrative centre of Shropshire strategically located at the intersection of the main A5 and A49 trunk roads approximately 12 miles west of Telford, 45 miles North West of Birmingham and 45 miles south of Chester.
Description
The property comprises an attractive Grade II Listed building is understood to date from circa.1640, being of oak timber frame construction with painted rendered elevations beneath a pitched tiled roof and provides versatile accommodation arranged over two floors extending in total to approx. 647 sqft (60.15 sqm) with kitchenette and w.c. facilities.
The property is currently let and trading as Prego a well known independent retailer specialising in ladies’ footwear and accessories that also operates a further outlet in The Square focussing on men’s footwear and fashion clothing.
