A New Investment Cycle Begins at Wyle Cop
Cooper Green Pooks Commercial Property Consultants of Shrewsbury are pleased to report the sale of well secured retail investment in Shrewsbury to a family investment company. 53/54 Wyle Cop was offered For Sale at £525,000 let at a rent of £40,000 per annum (7.62% gross yield).
Having a net internal area of 719.04 sq m (7,738 sq ft), the premises offered a fully let retail space across three storeys, the area is divided to offer showroom space, offices and storage space.
The premises is located Wyle Cop beyond and close to English Bridge, the Eastern approach into Shrewsbury town centre. The property has an iconic carriage entrance that provides a display façade adjacent to the path and roadside.
Situated in the established trading location of Wyle Cop with neighbouring business to include the Lion & Pheasant Hotel, Tanners Wine Merchants and The House of Grain restaurant. The local area is served by two large NCP car park located at St St Julian’s Friars and bottom of The Cop.
Presently, the proposition is let on a tenant’s full repairing and insuring basis to the Trek Bicycle Corporation Ltd, a leading global cycling brand. Trading since 1989, Trek is a family-owned company that still operates in the small southern state of Wisconsin USA and have sales to the UK, Europe and USA, details of Trek can be found at http://www.trekbikes.com
For further information contact Alessio Dyfnallt at Cooper Green Pooks