Claremont Hill, Shrewsbury
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 the Vendor. 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.
Property Details
• Split into a ground floor retail unit with extensive basement storage (currently trading as ‘Vic Breeze & Co’ since 1982) and three studio flats above.
• Ground Floor and Basement offered with vacant possession due to retirement of the Vendor.
• The three studio 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.
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