35 & 35a Wyle Cop, Shrewsbury
Freehold mixed-use investment opportunity with planning permission for expansion. Would suit owner occupier or investor.
Property Features
- The shop has historically traded as a carpet shop, the property will be sold with vacant possession of the commercial space and subject to the residential tenancy.
- Sales area approximately 668 sq ft. (62.09 m²).
- Located on Wyle Cop, reputedly the longest run of independent shops in the UK.
- Also located immediately adjacent to the towns major pay and display car park.
- Split into a ground floor retail unit and flat above with separate access off Wyle Cop.
- Planning permission has been secured for the creation of a one-bedroom first floor flat of approximately 48 m² above the existing storage building to the rear of the property. (ref: 25/04448/FUL).
- The flat is currently let with an annual income of £9,900 and the retail unit has an ERV of £18,500 per annum.
Property Details
The property comprises an attractive three storey terraced mixed use building comprising brick elevations, a pitched tile roof with four pane sash windows at first and second floor levels. It has a traditional timber shop façade with a fully glazed shop front and a recessed shop entrance typical of shops on Wyle Cop.
Internally, the retail unit comprises a ground floor retail area at the front, kitchenette, storage and WC at the rear and offices at first floor level. There is also good basement storage.
The flat benefits from a separate access off Wyle Cop to the left of the shop front. At first floor level is the second bedroom and bathroom, at second floor level is the main bed-room with WC and the Kitchen and Living room at the front of the property overlooking Wyle Cop.
Planning permission (ref: 25/04448/FUL) has been secured for an increase in roof height and the creation of a one-bedroom first floor flat of approximately 48 m² above the existing storage building.
It offers excellent potential for an investor, developer or owner-occupier in a sought-after town centre location.
Interested parties should make their own enquiries with the local planning authority regarding the permission, including any conditions and the date by which works must commence.
Location
Occupying a prominent position at the bottom of Wyle Cop on the right hand side as you approach from English Bridge. Adjacent to the NPC Car Park and opposite the Lion and Pheasant Hotel and Restaurant and Ernest & Co, the unit benefits from excellent footfall and visibility from traffic entering and leaving town.
Wyle Cop is reputedly the longest run of independent retailers in the UK and provides a major tourist draw for Shrewsbury.
Shrewsbury is the county town of Shropshire being located approximately 48 miles North-West of Birmingham, 43 miles South of Chester, and 17 miles West of Telford.
The town benefits from excellent transport links with arterial roads leading from the A5 (T) to the M54 motorway and on towards the M6 and the rest of the country’s national motorway network. The Town is also located off the A49 Hereford to Cheshire trunk road and at the beginning of the A458 to mid-Wales.
Shrewsbury has a resident urban population of approximately 80,000 people with a County-wide population in excess of 325,000.
Available Area
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