3-3A High St - Storefront FOR SALE


Shrewsbury, SHR SY1 1SP
$600,000 USD
3-3A High St, Shrewsbury, SHR for Sale
$600,000 USD
Storefront - FOR SALE
1/2
null | Request Cap Rate

3-3A High St
Shrewsbury, SHR SY1 1SP


HIGHLIGHTS

  • Current passing rent from whole building is £45,000 per annum.
  • Recently renovated three storey residential four bedroom furnished HMO to upper floors.
  • Good transport links.

OVERVIEW

Mixed use Town Centre Investment opportunity. Seeking offers of £600,000 (six hundred thousand pounds), reflecting a gross initial yield of 7.5%. The property comprises a Grade 2 listed period building (constructed of brick elevations) fronting directly onto High Street. There is a modern shop front for the retail unit and a separate dedicated entrance to the residential accommodation above. The building has been recently renovated to provide a four bedroom House of Multiple Occupancy (HMO) above with a shop unit at ground. The residential accommodation has been finished to a high standard (see photos) and all rooms are currently let at the time of drafting the particulars. The retail unit is let to Coastguard Road Limited t/a Moshulu, who have 23 stores located in affluent towns throughout the UK.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$1,527 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

871 SF

ZONING

-

APN/PARCEL ID

SL118678

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