48 High Street, Shrewsbury
An opportunity to acquire a freehold, High Street, commercial investment let to a well established and popular local retailer.
Property Features
- High Street location in an award winning regional town with 6.2 million visitors (YTD 2025), up 5.5% on previous year.
- Located at the busy junction of the High Street, Milk Street, Wyle Cop and Fish Street.
- Tenant in their second 6 year term at the premises.
- Grade II listed building let on FRI terms.
- Price £215,000 earning an annual rent of £14,250 reflecting a 6.6% gross initial yield.
Property Details
This Grade II Listed Georgian building comprises a distinctive shop unit constructed principally of brick elevations over four floors and retains a number of period features including sash windows. The building is let as a whole, with a traditional ground floor retail unit with fully glazed frontage and recessed covered entrance and three additional floors above for storage/offices and Kitchenette and w/cs.
Location
The property is located at the top of High Street close to its junction with Milk Street, Fish Street and Wyle Cop. Adjacent occupiers include The Wheatsheaf pub, Halon Menswear, Fabricius Green jewelers and Moshulu shoes. High Street forms part of the one-way traffic route through the town centre which is closed to traffic on the weekends and there are numerous town centre car parks close by.
The High Street is home to a number of multiples such as Neils Yard, Slat Rock, Crew and White Stuff together with strong established local retailers which Shrewsbury is famous for. A development contract has been signed on the former House of Fraser department store, to provide a mix of high class residential and ground floor retail and leisure uses, further enhancing the vitality and viability of the High Street.
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. There are also direct rail services to London Euston (approximately 2 hours 41 minutes) and also to Birmingham, Manchester and Cardiff.
Shrewsbury has a resident urban population of approximately 80,000 people with a County-wide population in excess of 325,000.
Shrewsbury and Retail:
In 2024, Shrewsbury was named number one in the Telegraph’s list of UK’s best high streets. Shrewsbury Market Hall has also been voted ‘Britain’s Favourite Market’ for an unprecedented” third year running and a record 4th time at the 2025 Great British Market awards. The town is also home to Wyle Cop which is reputedly the longest uninterrupted run of independent traders in the Country. Given such accolades, it is hardly surprising that Shrewsbury’s High Street attracted record footfall numbers in December 2024 with more than £135million spent by visitors to it’s town centre shops and businesses, outperforming GB benchmarks.
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