77 Wyle Cop, Shrewsbury, SY1 1UT

Price: £450,000 For Sale Subject to contract

Virtual Tour Available - Retail (Front)

Virtual Tour Available - Retail (Rear) & Offices above

Residential Development Opportunity

Currently held as Commercial Investment, Including Retail/Office

Current Income: £25,450 per annum

Total Commercial Income Potential: circa £40,000 per annum

Approx Total Area 237.36 sq m (2,554 sq ft)

DESCRIPTION The property comprises a three storey mixed use Grade II Listed building with two retail units to the ground floor and four suites of offices above. Retail unit fronting Wyle Cop, integral building arch provides access to entrance for second retail unit (known as 77a Wyle Cop) and communal entrance door to offices off Wyle Cop. A central communal stairwell provides access to shared kitchen and w.c. facilities on the third floor. The layout makes it suitable for conversion to residential use (house/apartments/House in Multiple Occupation), while Wyle Cop is a very popular area for town centre living. Shrewsbury town centre offers an excellent range of bars restaurants, cafes, open spaces, historic buildings and independent retailers. SITUATION The property occupies a corner position at the upper end of historic Wyle Cop, a busy secondary retail pitch in Shrewsbury Town Centre. Neighbouring traders include Claire Mischevani Boutique, Figo café, Tootsies, Blushies, and Henry Tudor House and a variety of other local specialist traders. The established retail pitch of High Street is nearby. The NCP Wyle Cop and St Julian’s Friars Car Parks are within walking distance of the property.

ACCOMMODATION (All measurements are in accordance with the RICS code of measuring practice)

Ground Floor Retail area to Wyle Cop 62.08 sq m (668 sq ft) Retail area 77a Wyle Cop 33.36 sq m (359 sq ft) Communal entrance door and stairs to: First Floor Offices Suite to Front 37.20 sq m (400 sq ft) Office Suite to Rear 37.17 sq m (400 sq ft) Second Floor Offices Suite to Front 36.43 sq m (392 sq ft) Office Suite to Rear 31.13 sq m (335 sq ft) Third Floor Shared Kitchen and WC facilities Unmeasured Approx Total Area 237.36 sq m (2,554 sq ft) TENANCY SCHEDULE

Property Tenant Use Lease Terms Asking Current

Rent

Next

Review/Break

Retail Unit 77

(Ground Floor)

Sam’s Club

Limited

Shop

62.08 sq m

6 years from

10/07/2015 -

09/07/2021

£18,000pa N/A

Retail Unit 77a

(Ground Floor)

Vacant Shop

33.36 sq m

Asking £8,950pa N/A

Offices

First Floor 77a

Mrs Carpenter Office

37.2 sq m

Holding over £3,800pa N/A

Offices

First Floor 77a

Vacant Office

37.17 sq m

Asking £3,800pa N/A

Offices

Second Floor

77a

Vacant Office

36.43 sq m

Asking £4,550pa N/A

Offices Second

Floor 77a

Victim Support Office

31.13 sq m

6 years

25/07/2019 -

24/07/2025

£3,650pa

£3,780pa Jul-21

£4,125pa Jul-22

24/07/2022

(Break)

DATA ROOM Copies of leases and other relevant documents available by request. TENURE The property is available for sale on a freehold basis. COSTS Each side to be responsible for their own legal costs. SERVICES Mains electricity, gas, water and drainage are installed, subject to connection charges by the utility companies. Electricity to each unit is separately metered/sub-metered. Gas supply to each unit via centrally heated radiators, single meter. ENERGY PERFORMANCE CERTIFICATE Energy Performance Rating: To be confirmed RATING ASSESSMENT We are advised by the Local Authority that the current assessment is: Rateable Value Rates Payable 2020/2021 Retail Unit 77 (Ground Floor) £11,750 £5,863.25 Retail Unit 77a (Ground Floor) £6,900 £3,443.10 Offices First Floor 77a £4,050 £2,020.95 Offices First Floor 77a £3,800 £1,896.20 Offices Second Floor 77a £3,000 £1,497.00 Offices Second Floor 77a £3,000 £1,497.00 Prospective occupiers are recommended to make their own enquiries with the Local Authority for verification. LOCAL AUTHORITY Shropshire Council The Shirehall Abbey Foregate Shrewsbury SY2 6ND 0345 678 9000 TOWN PLANNING/USE We understand that the existing use is mix of Class E Retail and Office of the Town & Country Planning Act 1987 (Use Classes) Order). Conversion of the whole building (except 77 Wyle Cop, Ground Floor Retail) to residential use is considered appropriate, subject to planning. Prospective occupiers are recommended to make their own enquiries to ensure their proposed use falls within the appropriate use classes. FIXTURES & FITTINGS Items usually classed as tenant’s fixtures and fittings are excluded from the sale. VAT All prices and rents mentioned in these details and subsequent correspondence are exclusive of VAT, if applicable. At the time of preparation of these particulars the Landlord had elected not to charge VAT on the sale. VAT is not applicable to the sale price. VIEWING By arrangement with Cooper Green Pooks – ask for Alessio Dyfnallt ad@cgpooks.co.uk or Lizzy McNally elizabethmcnally@cgpooks.co.uk 01743 276666 VIRTUAL TOUR Click Here for Retail (Front) Click Here for Retail (Rear) & Offices above https://my.matterport.com/show/?m=6ECVhxJTfHh https://my.matterport.com/show/?m=ySMsoFodhsL

Retail Units/Office – Edged Red

Staircases – Edged Yellow

For identification only – not to scale

3 Barker Street Shrewsbury SY1 1QF

Tel: (01743) 276666

www.cgpooks.co.uk

Wyle Cop Wyle Cop

Wyle Cop

Wyle Cop

IMPORTANT NOTICE: Cooper Green Pooks for themselves and for the lessors or vendors of this property whose agents they are give notice that: 1 No appliances, services or service installations have been tested and no warranty as to suitability or serviceability is implied. Any prospective purchaser or lessee is advised to obtain verification from their surveyor or solicitor. 2. The particulars are set out as a general outline only for the guidance of the intended purchasers or lessees and do not constitute, nor constitute part of, an offer or contract. 3. All descriptions, reference to condition and necessary permissions for use and occupation and other details are given in good faith and are bel ieved to be correct but any intending purchasers or lessees should not rely on them as statements or representation of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. 4. No person in the employment of Cooper Green Pooks has any authority to make or give any representation or warranty whatsoever in relation to this property. 5. All rentals and prices are quoted exclusive of Stamp Duty, legal and surveyors fees and any other associated purchasers or lessees costs. 6. Floor plans are indicative only and should not be relied on. 7. The plan showing the boundary of the property is indicative only and has not been checked against the legal title so should not be relied on. 8. All dimensions, floor areas and site areas are only approximate and should not be relied on. Dimensions are generally maximum room dimensions.

Goad Plan extract. Copyright Experian & Crown Copyright licence number PU 1000017316