Investment, For Sale

Mixed Retail & Office Premises, 77 Wyle Cop, Shrewsbury, Shropshire, SY1 1UT.

For improved printing, please use the print button on the property page.
Want to be notified of new properties in this sector?

Details

Property Reference

JAGD/3675

Address

Mixed Retail & Office Premises, 77 Wyle Cop, Shrewsbury, Shropshire, SY1 1UT.

Location

Shrewsbury is the county town of Shropshire with a borough population of circa 90,000 and a substantial catchment area extending into Mid-Wales. Shrewsbury town centre offers an excellent range of bars, restaurants, cafes, open spaces, historic buildings and independent retailers.

The property is located at the upper end of Wyle Cop, a busy secondary retail pitch in Shrewsbury town centre. The property itself occupies a corner position, with neighbouring commercial users including Caffe Figo, Claire Mischevani boutique, Tootsies Beauty Retreat, Blushies lingerie store, Henry Tudor House and a variety of other local specialist traders. The established High Street is nearby and the NCP Wyle Cop and St Julians Friars car parks are both within walking distance of the property.

Description

The property comprises a mixed-use investment premises, which forms part of a substantial three-storey, Grade II Listed Building featuring a central open archway at ground floor level providing a public walkway through to the rear of the building (over which the property has a right of way). The accommodation is essentially arranged over three floors, currently incorporating two self-contained retail units on the ground floor, together with four individual office suites on the first and second floors and additional facilities within the roof space (third floor).

The main retail unit (No 77) is positioned to the front of the building and enjoys a display shop frontage and pedestrian access directly onto Wyle Cop. The secondary retail unit (No 77a) is situated to the rear and accessed separately via the integral building arch/walkway. The latter also provides access to the offices via a shared entrance lobby with stairs to the upper floors. This central communal stairwell, in turn, gives access to a kitchen and WC facilities on the third floor (roof space), the use of which is shared between the occupiers of the secondary retail unit and the offices (No 77a).

The layout of the building easily lends itself to conversion for residential use, ie house/apartments/house in multiple occupation (HMO), in addition to Wyle Cop being a very popular area for town centre living.

Get directions to this property:

Mixed Retail & Office Premises, 77 Wyle Cop

Detailed Specification

  • Size

    2,554 sq ft
  • Price/ Rent

    Asking price £450,000
  • Accommodation

    Ground Floor:
    Retail unit at 77 Wyle Cop668 sq ft62.08 sq m
    Retail unit at 77a Wyle Cop359 sq ft33.36 sq m
    First Floor:
    Front office400 sq ft37.20 sq m
    Rear office400 sq ft37.17 sq m
    Second Floor:
    Front office392 sq ft36.43 sq m
    Rear office335 sq ft31.13 sq m
    Third Floor (roof space):
    Shared kitchen & WC facilitiesNot measured
    Total Area approx.2,554 sq ft237.37 sq m
  • Services

    We understand that mains electricity, gas, water and drainage are available to the property subject to connection charges by the relevant utility companies. The electricity supply to each unit is separately metered/sub-metered and the gas supply is via a single meter with central heating provided by wall mounted radiators throughout the building.
  • Planning

    We understand that the existing use is a mix of Class E (a,b,c) and (g) of the Town & Country Planning (Use Classes) (Amendment) (England) Regulations 2020. Conversion of the property (with the exception of 77 Wyle Cop) to residential use is considered appropriate, subject to planning permission. Interested parties are advised to make their own enquiries with the Local Planning Authority.
  • Tenure

    The investment is available to purchase freehold, subject to the occupational leases as detailed in the Tenancy Schedule.
  • Local Authority

    Shropshire Council, The Shirehall, Abbey Foregate, Shrewsbury, SY2 6ND - Tel: 0345 678 9000
  • Rateable Value

    Please refer to the Tenancy Schedule in the marketing brochure for individual rateable values.
  • Energy Performance Certificate

    An EPC is not applicable in this instance as the property is a Grade II Listed Building..
  • VAT

    All prices and rents mentioned in these details and any subsequent correspondence are quoted exclusive of VAT, which may be payable at the prevailing rate (if applicable). At the time of preparation of these particulars the Landlord has not elected to charge VAT on the sale. For the avoidance of doubt, there is not VAT payable on the sale price.
  • Legal Costs

    Each party to be responsible for their own legal costs.
  • Viewing

    Strictly by prior appointment with the Agent's Telford office:
  • Additional Viewing Information

    Contact: Andrew Dixon MRICS
    Direct Line: 01952 521005
    Mobile: 07957 828 565
    Email: andrew@andrew-dixon.co.uk
    Ref: JAGD/3675

Disclaimer:
Andrew Dixon & Company. for themselves and for the vendors or lessors of this property whose agents they are give notice: (1) The particulars are set out as a general outline for the guidance of intending purchasers or lessors, and do not constitute, nor constitute part of, an offer or contract. (2) All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not reply on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (3) No employee of Andrew Dixon & Company. has any authority to make or give representation or warranty whatever in relation to this property.

As far as possible, these particulars are intended to give a fair description of the property. Unless otherwise stated, no enquiries have been made of statutory authorities nor tests made of electricity, plumbing or other services installed in the property. No warranties or certificates of building work, leases/title documents have been inspected. Such information as is given in these particulars is based on a purely visual inspection only and information supplied to us by the vendor/lessor. Interested parties must take their own measurements in order to satisfy themselves that the premises are suitable for their own requirements. Our measurements are approximate in order to give an indication of size only. Whilst every care has been taken to prepare these particulars, we would be grateful if you could inform us of any errors or misleading descriptions found in order that we may correct them in our records.