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37-38 Castle St 2,978 SF 100% Leased Retail Building Shrewsbury SY1 2BW $1,116,340 CAD ($374.86 CAD/SF) 6.44% Cap Rate


Investment Highlights
- Fully leased
- Prominent town centre location
- Mixed use residential and retail
Executive Summary
The property comprises of a four storey property with a basement which is currently arranged as two shop units with a basement to 37 Castle Street (Toni & Guy) and the upper floors in residential use. The property has been subject to comprehensive works recently as part of the conversion works to provide residential apartments. This has included an overhaul of the property structure externally.
The property is now in good order which holds an attraction for future asset management. 37 Castle Street is currently in use as a hairdressers trading as Toni & Guy, and 38 Castle Street is currently trading as a cafe/tearoom. The upper floors are in residential use. The property is of traditional construction with two glazed shop frontages onto Castle Street.
The property is now in good order which holds an attraction for future asset management. 37 Castle Street is currently in use as a hairdressers trading as Toni & Guy, and 38 Castle Street is currently trading as a cafe/tearoom. The upper floors are in residential use. The property is of traditional construction with two glazed shop frontages onto Castle Street.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
2,978 SF
Building Class
B
Year Built
1875
Price
$1,116,340 CAD
Price Per SF
$374.86 CAD
Cap Rate
6.44%
NOI
$71,892 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
0.93
Lot Size
0.07 AC
Frontage
39’ on Castle Street
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 3
Videos
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Photos
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37-38 Castle St
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