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202-204 Whitchurch Rd 1,048 SF 100% Leased Retail Building Shrewsbury SY1 4EL $325,599 CAD ($310.69 CAD/SF) 8.70% Cap Rate
Investment Highlights
- Retail/residential income producing investment
- Offered for sale freehold, subject to the existing occupational tenancies
- Flats - All sold on long leasehold basis
- Showing a Net Initial Yield of 8.7% (after allowing for normal purchasers costs)
- Comprises two retail units and six flats
- Each flat is liable to pay a ground rent of £75 per annum currently
Executive Summary
The property comprises of two lock up shop units on the ground floor that are currently arranged as one lock up shop unit with 6 residential flats above that have all been sold off on long leases and a service delivery area. The residential flats are sold off on long leasehold tenures and each flat is liable to pay a ground rent of £75 per annum currently. The property comprises of an opportunity to acquire a commercial retail investment with additional income generated from the ground rents from the flats that are sold off on long leases.
The ground floor lock up shop unit provides two shop units, Unit 202 Whitchurch Road provides a Total Net Internal Floor Area of approximately 524 ft sq (48.68 m sq) with a toilet and Unit 202 Whitchurch Road provides a Total Net Internal Floor Area of approximately 524 ft sq (48.68 m sq) with a toilet .
The shop unit has a glazed return glazed frontage. The property is three storey and of concrete framework with brick infill panels under a flat roof cover.
Location
The property is prominently located fronting onto Whitchurch Road on the edge of the sought after town of Shrewsbury. The property forms part of a neighbourhood shopping parade that is located approximately 1.5 miles north east of Shrewsbury town centre. The property is located within proximity of all local amenities. The surrounding occupiers include Wickes, Carma Salon and Paperwrite. Whitchurch Road serves as the main arterial road into Shrewsbury town centre from the east and the north.
Shrewsbury is the county town of Shropshire with a population of approximately 77,000 at the 2011 Census and is an administrative and tourist centre and located approximately 48 miles west of Birmingham, 42 miles south of Chester and 16 miles west of Telford.
Local Authority
Shropshire Council,
Guildhall,
Franakwell Quay,
Shrewsbury,
SY3 8HQ
Anti-money laundering (AML)
We are legally obligated to undertake anti-money laundering checks on all property purchasers. Whilst we are responsible for ensuring that these checks, and any ongoing monitoring, are conducted properly; the initial checks will be handled on our behalf by a specialist company, Movebutler, who will reach out to you once your offer has been accepted.
The charge for these checks is £30 (including VAT) per purchaser, which covers the necessary data collection and any manual checks or monitoring that may be required. This cost must be paid in advance, directly to Movebutler, before a memorandum of sale can be issued, and is non-refundable. We thank you for your cooperation.
Property Facts
Amenities
- Automatic Blinds
- Storage Space
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Wholesaler
- 800 SF
- -
- -
European Textile Recycling Ltd was founded over 25 years ago and since launching cash4clothes.co.uk back in June 2010 the company has paid out over £7,000,000.00 pounds to the general public for their unwanted clothing, paired footwear, handbags, belts and accessories – with over £1,100,000.00 being paid out in Cannock alone. European Textile Recycling Ltd was the first company in the UK to pay the general public for their unwanted clothing and since then the idea has grown massively with companies all over the country now offering the service. Head office is based in Cannock – Hollies Park Road, however there are almost 30 stores scattered all over the Midlands paying out thousands of pounds every week. Download our Environmental Policies Environmental ETR Policy Quality Policy statement How it works Empty your wardrobes of all unwanted – clothing, paired footwear, handbags, belts, accessories, soft toys and matching bed linen and take it to one of our stores listed opposite.
-
- Retailer
- 800 SF
- -
- -
Costcutter is a UK-based convenience retail brand that operates under a franchise model, providing grocery and everyday essentials to local communities. Established in 1986, the company has grown into a recognized name in the convenience sector, supporting independent retailers with branding, supply chain solutions, and marketing services. Costcutter offers a range of products including fresh food, beverages, household goods, and impulse items, catering to both urban and rural markets. The business emphasizes flexibility for its franchise partners, enabling them to tailor store offerings to local customer needs while benefiting from national buying power. Costcutter is part of the Bestway Wholesale group, which enhances its distribution capabilities and product range. The company is privately held and continues to adapt to evolving consumer trends, including convenience-driven shopping and local sourcing initiatives.
- Dawid Delicatessen
- -
- 800 SF
- -
- -
- Dial A Mattress
- -
- 1,400 SF
- -
- -
- Flavourz Indian Restaurant
- -
- 800 SF
- -
- -
- Handie Laundrette
- Services
- 800 SF
- -
- -
- Star Fish Bar
- Retailer
- 760 SF
- -
- May 2017
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Wholesaler | 800 SF | - | - | ||
|
|
Retailer | 800 SF | - | - | ||
| Dawid Delicatessen | - | 800 SF | - | - | ||
| Dial A Mattress | - | 1,400 SF | - | - | ||
| Flavourz Indian Restaurant | - | 800 SF | - | - | ||
| Handie Laundrette | Services | 800 SF | - | - | ||
| Star Fish Bar | Retailer | 760 SF | - | May 2017 |
Nearby Major Retailers
Presented by
202-204 Whitchurch Rd
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