Summary -
3a High Street,SHREWSBURY,SY1 1SP
SY1 1SP
1 bed 1 bath Mixed Use
**Standout Features:**
- Mixed-use property with a retail unit and residential accommodations
- Retail unit let to Coastguard Road Limited t/a Moshulu (successful shoe retailer)
- Recently renovated four-bedroom furnished HMO on upper floors, fully let
- Total current passing rent: £45,000 per annum
- Freehold tenure with a gross initial yield of 7.5%
- Prime location on High Street in Shrewsbury, near affluent shopping areas and amenities
- Strong history of high footfall and recent accolades for the town center
- EPC ratings: Ground Floor - D93, Residential Uppers - B82
**Summary:**
This impressive freehold property investment opportunity is nestled on the bustling High Street of Shrewsbury, enhancing its appeal with a blend of commercial and residential elements. Comprising a contemporary retail space leased to the recognized shoe retailer Moshulu and a newly renovated four-bedroom House in Multiple Occupation (HMO) above, this building stands out as a dual-purpose venture. Currently achieving a total passing rent of £45,000 annually, you’ll benefit from a remarkable gross yield of 7.5%, catering to investors seeking both cash flow and asset appreciation.
The residential units are fully let on Assured Short Term Tenancies, providing immediate income potential. The property boasts a significant urban footprint with traditional Georgian architecture accentuated by modern renovations, creating a desirable living environment for tenants in a city known for its vibrant community and award-winning market. However, buyers should be aware of the listed status of the building, which may impact future renovation plans. With the local area showcasing excellent connectivity, fantastic shopping experiences, and an appealing blend of amenities, this property promises a lucrative investment in a thriving city center. Don’t miss your chance to own a piece of Shrewsbury’s bustling landscape!
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