A prestigious retail property with offices in Shrewsbury has been sold in a deal negotiated by our Director, Andrew McFarlane Holt.
A private property company has acquired the three freehold properties that sit within a Grade II listed building in the market town. Totalling 5,921 sq ft, the property at Pride Hill and Butchers Row is currently occupied by EE Ltd, Pride Hill Dental Surgery and Optical Express, all of which will remain as long-term tenants.
“Shrewsbury town centre has rapidly become a retail ‘destination’, bolstered by its award-winning market, which was named Britain’s favourite market again for the third consecutive year, and its status as home to Britain’s Best High Street, according to The Telegraph,” comments Andrew.
“It’s therefore unsurprising that this fully occupied building made an attractive investment and we were pleased to conclude a relatively quick sale. For investors seeking a similar opportunity, we are also marketing the neighbouring building at 3-7 Mardol Head, which is a parade of three freehold retail units totalling 12,754 ft² and occupied by national retailers,” adds Andrew.
To arrange a viewing at Mardol Head, please contact Andrew on 01455 559030.
