Grade I listed mixed‑use opportunity with income and conversion potential, subject to consents.
Freehold mixed commercial/residential on prominent Wyle Cop frontage
A rare mixed commercial and residential freehold on Wyle Cop, combining active retail income with vacant commercial space and long‑lease upper‑floor flats. The property is a substantial Grade I listed, timber‑framed townhouse with prominent dual frontages to Wyle Cop and Barracks Passage, offering immediate town‑centre exposure in historic Shrewsbury.
The building is delivered part income‑producing (ground‑floor shop tenanted) and part vacant (former restaurant and other commercial areas), giving clear asset‑management upside. Planning is understood to allow Use Class E (commercial) and Class C3 (residential), so conversion of vacant commercial space to residential use is possible subject to statutory consents. Three flats are sold on long 125‑year leases at peppercorn rent, limiting immediate residential income but preserving ownership of the commercial shell.
Material constraints are factual and significant: the property is Grade I listed, which will require conservation‑sensitive works and can restrict alterations. Broadband connectivity is very slow and the local area records higher crime rates, which may affect certain occupiers. The plot is narrow with small footprint and no substantial external garden; utilities were untested at inspection.
This is a specialist opportunity best suited to an investor, developer or owner‑occupier with experience of listed‑building consent processes and town‑centre refurbishments. With careful planning and sensitive refurbishment the property offers strong future rental or conversion potential in a sought‑after central location.
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