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Town Centre Mixed Use Investment with Development , Crown House, 1-3 St Mary's Street & St Mary's Cott, Shrewsbury, SY1 1DS
13,961 Sq Ft / Retail
Withdrawn - Last updated: 19 April 2021
- Prominently located in Shrewsbury town centre.
- Freehold.
- A mixed use investment comprising a five-storey retail and office building, a car park, and a Grade II listed house.
- Key tenants include Santander, Subway, Tui and Shropshire Council.
- An average weighted unexpired lease term of circa 10.5 years.
- The current gross rental income is £145,310 per annum with circa 87% secured against the four key tenants.
- Multiple add value opportunities through refurbishment, possible conversion of the offices to residential (subject to planning), development of the car park, and a sale of the house in isolation.
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