17-18 Pride Hill, Shrewsbury

Investment - Sold

17-18 Pride Hill, Shrewsbury

Price

£1,350,000

Rent

£95,000

Description

Shrewsbury is an attractive and historic market town and the cultural and retail centre for Shropshire. The town is located 45 miles north west of Birmingham, 41 miles south of Chester and 15 miles west of Telford. The premise occupies a prime trading location on Pride Hill, the town’s principle shopping thoroughfare, between the entrances to the two shopping centres. The property is adjacent to Game and Carphone Warehouse and opposite Superdrug and Cotswold. The property comprises a 4 storey mid terrace building of brick elevations under a pitched roof. The ground floor provides an open plan area that has been subdivided by the tenants for sales, together with ancillary storage to the rear. The upper floors are self-contained offices. The property is let to H Samuel Limited on a new 5 year full repairing and insuring lease dated 27th November 2014 at a rent of £95,000 per annum. The upper floors are sub-let at a rent of £7,000 per annum.

Net Initial Yield

7.0%

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