LOCATIONThe property is situated in a prime retailing pitch on Pride Hill in the town centre of Shrewsbury, between the entrances of the Pride Hill and the Charles Darwin Shopping Centres.Nearby occupiers include Waitrose, Marks & Spencers, WH Smith, Superdrug, Boots and Hotel Chocolat.The property is located in the historic market and county town of Shrewsbury, in a prime location on the northern side of the pedestrianised Pride Hill.Shrewsbury is a historic market town and tourist centre located approximately 15 miles west of Telford and approximately 43 miles north-west of the city of Birmingham.It is the county town of Shropshire with a borough population in excess of 90,000 people and an estimated retail catchment in excess of 250,000 people within 30 minutes drive. Shrewsbury Tourism Economic Impact Assessment estimates that in excess of 2.5 million people visit the town annually with an estimated tourism spend of £130,000,000.DESCRIPTIONThe property comprises a four storey lock-up shop unit providing a Total Ground Floor Net Sales Area of approximately 654 sq ft (60.75 sq m). The premises benefit from a glazed frontage onto Pride Hill and a further three floors comprising retail sales on the first floor and stores and welfare facilities over the upper floors.The property benefits from a basement/lower level providing staffroom and stores.The property is of traditional construction and is Grade II Listed.(All measurements are approximate only)Ground FloorSales Area 654 ft sq (60.75 m sq)First FloorSales/stores 675 ft sq (62.70 m sq)Second FloorStores 355 ft sq (32.98 m sq)Third FloorStores 379 ft sq (35.21 m sq)Basement/Lower Ground FloorStaffroom 112 ft sq (10.40 m sq)Stores 670 ft sq (62.24 m sq)The property is offered to let on a new lease for a length of lease by negotiation. There will be rent reviews at three yearly intervals.The lease will be granted on Tenants Full Repairing and Insuring terms.We have made non-verbal enquiries to the local authority and have been advised as follows:Business Rates: £42,250Rateable Value: £20,280Interested parties should make their own enquiries to the local authority.
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