(GROSS YIELD 7.7%)
Located in the prime pedestrianised shopping centre of this famous market town which has historic connections with William the Conqueror and has a Cathedral and Castle. Nearby multiples include Marks & Spencer, Little Waitrose, Tesco Express, Thomas Cook, Body Shop, EE, Boots, Holland & Barratt, Superdrug, Greggs and others.
In addition, the property is located directly between the entrances to the Pride Hill Shopping Centre and The Darwin Shopping Centre.
Shrewsbury lies approx. 46 miles west of Birmingham and 12 miles from Junction 7 of the M54 Motorway.
A mid terraced Grade II Listed building comprising a Ground Floor Shop with internal access to Ancillary Accommodation on the 3 upper floors.
Ground Floor Shop
Gross Frontage 11'9"
Internal Width 9'8" widening to 10'6"
Shop Depth 41'2"
Built Depth 48'6"
First Floor Area Approx. 444 sq ft
Second Floor Area Approx. 475 sq ft
Third Floor Area Approx. 336 sq ft
VAT is applicable to this Lot
The entire property is let on a full repairing and insuring lease (subject to a schedule of condition) to Vape Depot Ltd (having approx. 5 branches) for a term of 5 years from 24th August 2017 at a current rent of £38,500 per annum exclusive
Tenant's Break August 2020
Note: Planning Consent was granted in September 2016 for A5 (Take-away Use).