* Freehold
**Key Points**
* Total Net Sales Area 1, 055 sq ft
* Retail/residential investment opportunity
* Significant asset management potential
* Town centre location
* Grade II listed
* Planning consent for the conversion of the upper floors into 3 residential flats with a self contained ground floor entrance
**Description**
The property comprises of a prominently located four storey mid terraced
property that is currently arranged as a shop unit with upper floors that is
understood to be Grade 2 listed. The property has the benefit of planning
consent under Planning Reference Numbers 23/01854/ful and 23/01855/lbc for the
conversion of the upper floors into 3 residential flats with a self contained
ground floor entrance. The property is currently in shell condition ready for
the conversion works to commence.
The property benefits from a generous glazed shop front and is currently
arranged to provide a ground floor shop unit with a Total Net Internal Floor
Area 1, 055 ft sq (98 m sq). The property has significant asset management
potential that can only be appreciated upon undertaking an inspection of the
property.
The property is of traditional construction and benefits from pedestrian
access directly off Wyle Cop.
**Location**
The property is prominently located fronting onto Wyle Cop in the centre of
the sought after town of Shrewsbury. Wyle Cop serves as a main road in the
vehicular one way system serving the town centre. The surrounding occupiers
include Brok, Oberon, Lotus Living and Wyle Blue World. Wyle Cop is famed for
it's range of independent retailers.
As the county town and administrative centre of Shropshire, Shrewsbury has a
borough population of approximately 77, 000 (2022 census), a 5% rise since 2020
and a catchment extending towards mid Wales of roughly 608, 000 people.
Strategically situated at the intersection of the A49 from the south of Wales
and the A5 leading to north Wales and Telford.
Shrewsbury town centre will shortly begin works to redevelop the Riverside and
Pride Hill shopping centers into 'a truely 21st Century destination and
experience'. This will create a vibrant mixed use development that will re -
connect the heart of Shrewsbury to the River Seven and is predicted to create
over 2, 000 new jobs.

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