Property Details

The Property Provides A Rare Opportunity To Acquire A Prominently Located Mixed Commercial And Residential Investment In The Sought After Town Of Shrewsbury. The Property Comprises Of A Substantial Grade 1 Listed Property That Is In Part Three And Part Single Storey With A Basement Area That Is Currently Arranged As Three Commercial Retail Units And Three Residential Apartments That Have Been Sold Off On Long Leases. The Property Has A Frontage Onto Wyle Cop And Also A Frontage Onto Barracks Passage. The Property Is Of Freehold Ownership Under The Title Number Sl246416 And In Part Income Producing And Part Vacant Offering Significant Asset Management Opportunities. 73 Wyle Cop Comprises Of A Lock Up Shop Unit Fronting Onto Wyle Cop Which Is Arranged To Provide A Total Net Internal Sales Area On The Ground Floor Of 348 Ft Sq (32.33 M Sq) And A Basement Area With A Total Gross Internal Floor Area Of Approximately 100 Ft Sq (9.29 M Sq). The Shop Unit Is Tenanted. 73b And 73c Barrack Passage Comprises Of A Former Restaurant And Provides A Total Net Internal Area Of 787 Sq Ft (73.30 M. Sq), Arranged Over The Ground And First Floor. To The Rear Of The Property Is 73a Barrack Passage And Provides A Total Net Internal Area Of 561 Sq Ft (52.11 M. Sq) Arranged Over The Ground And First Floor Of The Property. There Is A Courtyard To The Side Of 73a Barracks Passage. The Residential Part Of The Property Is Accessed From A Self-contained Shared Ground Floor Entrance Via An Archway Off Barracks Passage. All The Three Residential Flats Have Been Sold Off On Long Leaseholds For At 125 Years At A Peppercorn Rent. The Property Is Of Traditional Construction Being In Part Timber Framework And Part Brickwork With Glazed Shop Fronts To Wyle Cop And Barracks Passage Sitting Under A Tiled Roof Cover. The Sale Of This Property Offers The Opportunity To Acquire A Part Income Producing And Part Vacant Mixed Commercial/residential Investment In A Sought After Town Of Shrewsbury, With Significant Future Asset Management Potential. There Is Potential For Residential Conversion To The Vacant Commercial Units, Subject To Statutory Consents.