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77-77A Mardol 2,688 SF of Assignment Available in Shrewsbury SY1 1PZ
ASSIGNMENT HIGHLIGHTS
- Prominent Town Centre location
- Attractive 3 storey, Grade II Listed Retail/Restaurant property
- Floor areas extending in total to approx. 2,942 sq ft (273.3 sqm)
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 2,688 SF | Negotiable | $24.25 CAD/SF/YR $2.02 CAD/SF/MO $65,175 CAD/YR $5,431 CAD/MO | TBD |
Ground
Due to the current Tenant looking to retire the property is available by way of assignment or new lease directly from the Landlord. The existing lease expires in April 2032 with a passing rent of £35,000 (exclusive of VAT). As part of the transaction, an incoming occupier will pay a premium of £60,000 (exclusive of VAT) to the current Tenant in lieu of the fixtures & fittings and value associated with a lease in this trading location.
- Use Class: E
- Assignment space available from current tenant
- Located in-line with other retail
- Central Heating System
- Secure Storage
- Common Parts WC Facilities
- Attractive 3 storey
- Grade II Listed Retail/Restaurant property
- Prominent Town Centre location
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
SELECT TENANTS AT 77-77A MARDOL, SHREWSBURY, SHR SY1 1PZ
- TENANT
- DESCRIPTION
- UK LOCATIONS
- REACH
- La Mer Rouge
- Retailer
- 1
- -
| TENANT | DESCRIPTION | UK LOCATIONS | REACH |
| La Mer Rouge | Retailer | 1 | - |
PROPERTY FACTS
| Total Space Available | 2,688 SF | Gross Leasable Area | 2,942 SF |
| Property Type | Retail | Year Built | 1972 |
| Property Subtype | Restaurant |
| Total Space Available | 2,688 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 2,942 SF |
| Year Built | 1972 |
ABOUT THE PROPERTY
The property comprises an attractive Grade II Listed period building which is arranged over 3 floors. The property is of traditional brick construction and provides a total internal floor area of approximately 2,942 sq ft (273.3 sqm) The building has been converted and extensively refurbished by the current Tenant to provide an attractive restaurant arranged over the ground and first floor. The Kitchen, office space and WC facilities are on the first floor. The second floor is currently sealed off and can only be accessed via a hatch/ladder (not inspected). There is also a cellar area with access via the ground floor. The property is well appointed and includes an external seating area overlooking the pedestrianised area of Mardol Head.
Presented by
77-77A Mardol
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