36-37 Pride Hill & 23 Butchers Row, Shrewsbury, Shropshire, SY1 1DN

Description

This Investment Sale comprises of three Properties. 36-37 Pride Hill is a ground floor property comprising of open plan retail space and ancillary offices and storage rooms to the first floor, along with kitchen facilities and WCs. 23 Butchers Row 1st Floor and 2nd Floor comprises of predominantly office accommodation with individual Kitchens and WC's.

36-37 Pride Hill & 23 Butchers Row collectively generate a total passing rent of £71,000 per annum. Offers are invited for our Clients freehold interest in excess of £1,000,000 (One Million Pounds). An acquisition at this level would reflect a gross yield of 7.1% at a capital value of £187.55 per square foot on a Net Internal basis.

Please download the brochure for detailed information. EPC's, Floorplans and Lease's are available on request.

Location

The Properties are situated in the most prominent retailing location in Shrewsbury. The prime retail area is pedestrianised Pride Hill and Mardol Head, naturally drawing in footfall from the High Street. Shrewsbury is strategically situated at the intersection of A49 from the South of Wales and the A5 leading to the North of Wales and the M54 leading to Telford and Birmingham/West Midlands. The town is located 45 miles northwest of Birmingham, 41 miles south of Chester and 15 miles west of Telford.



Accommodation

The Property has been measured on a Net Internal Area (NIA) basis in accordance with the RICS Code of Measuring Practice.

The total Property NIA is 5,332sq ft (495 sq m).

Each party is to be responsible for their own legal costs incurred in this transaction.

VAT

This property is elected for VAT and anticipate the sale will be undertaken as a Transfer of a Going Concern (TOGC).

EPC

36-37 Pride Hill - EPC rating is B (40) A copy of the certificate is available upon request.
23 Butchers Row 1st Floor - EPC rating is E (113) A copy of the certificate is available upon request.
23 Butchers Row 2nd Floor - EPC rating is C (61) A copy of the certificate is available upon request.


Viewing

Viewings to be accompanied by a Wells McFarlane staff member only.