2492 sq. ft (231.51 m²)
Key features
- Mixed use investment comprising of a lock up shop unit and three residential flats
- Ground floor shop unit has a Total Net Internal Sales Area of approximately 490 ft sq (46.01 m sq)
- Basement area that provides a Total Gross Internal Floor Area of approximately 298 ft sq (27.68 m sq)
- Fully income producing showing a Net Initial Yield of 7.56%
- Grade 2 listed
Description
The property is arranged to provide a lock up shop unit with a basement and three one bedroomed flats arranged over the upper floors. The property ownership also includes a single storey rear projection that comprises of a lock up shop unit that is subject to a long leasehold tenure.
The property is of traditional brick construction with a tiled roof cover and a glazed shop front at ground floor level. The residential part of the property is accessed from a self contained ground floor entrance and has a communal staircase with communal landing areas and there are one bedroomed flats arranged over the first floor and the second floor and third floors of the property.
The ground floor shop unit has a Total Net Internal Sales Area of approximately 490 ft sq (46.01 m sq) and a basement area that provides a Total Gross Internal Floor Area of approximately 298 ft sq (27.68 m sq).
The property is accessed from Wyle Cop and the residential accommodation from a passageway at the side of the property.
The property is held under the ownership of Title Number SL173796. The sale of this property offers the opportunity to acquire a fully income producing mixed commercial/residential investment in the sought after town of Shrewsbury.
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