Mixed Use Investment Property Sold in Shrewsbury Town Centre
Cooper Green Pooks (Commercial Property Consultants) are pleased to report the sale of 54 Mardol and Mardol Gardens, Shrewsbury to a private family investor.
Offered to the market at £649,950, the property sold close to its asking price. The space on offer comprised: office areas (4,865 sq ft); shop (684 sq ft); residential flat (1,093 sq ft). The total income generated was approximately £50,000 per annum, with the sale reflecting a yield of around 8%.
Alessio Dyfnallt at Cooper Green Pooks, ‘The 54 Mardol and Mardol Gardens block offered the chance to purchase a fully let mixed use property. Occupying a position within the secondary retail pitch of Mardol, and next door to Pizza Express, the property included a retail property let as a nail salon, three floors of offices occupied by Age Concern as well as a large one bed vaulted apartment overlooking the street scene. The property was sold on behalf of a longstanding client, with Aaron and Partners Solicitors acting on their behalf. Cooper Green Pooks have provided property management services at the property for many years and have now been instructed to continue with the management on behalf of the new buyer while Cooper Green Pooks Residential Sales team are now marketing the apartment at an asking price £185,000, a virtual tour is now available for the property’
For further information contact Alessio Dyfnallt at Cooper Green Pooks email@example.com