3 & 3A High Street, Shrewsbury
Mixed use town centre investment opportunity.
Property Features
- Retail unit let on a 7 year lease to Coastguard Road Limited (CRN 01154129) t/a Moshulu (shoe retailer) who have 23 stores in affluent towns across the UK.
- Recently renovated three storey residential four bedroom furnished HMO to upper floors, with separate access off High Street.
- Uppers currently fully let on Assured Short Term Tenancies (ASTs) .
- Current passing rent from whole building is £45,000 per annum.
- Price: Seeking offers of £600,000 (six hundred thousand pounds), reflecting a gross initial yield of 7.5%.
- EPC rating for Ground Floor is D 93.
- EPC for Residential Uppers is B 82.
Property Details
The property comprises a Grade 2 listed period building (constructed of brick elevations) fronting directly onto High Street. There is a modern shop front for the retail unit and a separate dedicated entrance to the residential accommodation above. The building has been recently renovated to provide a four bedroom House of Multiple Occupancy (HMO) above with a shop unit at ground.
The residential accommodation has been finished to a high standard (see photos) and all rooms are currently let at the time of drafting the particulars. The retail unit is let to Coastguard Road Limited t/a Moshulu, who have 23 stores located in affluent towns throughout the UK.
Location
High Street is located in the town centre and forms part of a one-way traffic loop through the town centre which is closed to car traffic at weekends (there is an alternative car route around the town centre via Town walls). There are bus stops along its route and the town’s bus depot and railway station are within easy walking distance.
As the county town and administrative centre of Shropshire, Shrewsbury has a borough population of roughly 80,000 (according to previous census), a 5% rise since 2020 and a larger catchment extending into Mid Wales of roughly 600,000 people.
It is strategically situated at the intersection of the A49 from the South of Wales and the A5 trunk road leading to the North of Wales and Telford and Birmingham on the M54.
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.
Available Area
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