27 Claremont Hill, Shrewsbury
Mixed use Town Centre freehold investment opportunity.
Property Features
- Split into a ground floor retail unit with extensive basement storage (currently trading as ‘Vic Breeze & Co’ since 1982) and three studio apartments above.
- Ground Floor and Basement offered with vacant possession due to retirement of the Vendor.
- The three flats above are let on Assured Shorthold Tenancies generating a total income of £19,800 per annum.
- The Shop unit has an ERV of £14,000 per annum, giving a gross potential income of £33,800 p.a, representing a gross yield of 6.8%.
- Further asset management potential.
- Attractive Grade II Listed Building in the heart of Shrewsbury town centre on a pedestrian street with excellent footfall.
Property Details
The property occupies a prominent position on Claremont Hill, a key thoroughfare linking Shrewsbury’s bustling town centre with the Quarry Park and River Severn. The location benefits from excellent footfall, drawing both shoppers and visitors moving between the retail core and one of the town’s most popular leisure destinations. Claremont Hill is characterised by an appealing blend of professional services, boutique retailers, cafés, restaurants and high-quality residential property, making it a vibrant and distinctive part of the town. The street continues to attract occupiers looking for a well-connected, attractive and established location within Shrewsbury town centre.
Shrewsbury is the county town of Shropshire being located about 47.8 miles North-West of Birmingham, 43.2 miles South of Chester, and 16.5 miles West of Telford. It has an urban population of 80,000 and benefits from good road communication links leading from the A5 trunk road to the M54 motorway and onto the M6 and the rest of the country’s national motorway network. The town is also served by the A49 Cardiff—Manchester trunk road and the A458 from its mid-Wales hinterland.
There are direct rail services to London Euston (approximately 2 hours 41 minutes) and also to Birmingham, Manchester and Cardiff.
Location
27 Claremont Hill is an attractive Grade II listed mixed-use property occupying a prominent position close to Shrewsbury town centre. The building comprises a commercial unit arranged over the ground floor and basement, together with three self-contained one-bedroom flats on the upper floors.
The upper parts are fully let, producing a total rental income of £19,800 per annum, while the ground floor will be offered with vacant possession due to retirement of business proprietor. This combination offers strong appeal to both investors, seeking an immediate income stream from the residential element and the potential to secure a commercial tenant, and also to owner-occupiers seeking centrally located premises with additional income from the flats.
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