Claremont Hill, Shrewsbury 3 bed terraced house for sale

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Claremont Hill, Shrewsbury 3 bed terraced house for sale

Claremont Hill, Shrewsbury
£495,000

Our Summary

  • This combination offers strong appeal to both investors, seeking an immediate incomestream from the residential element and the potential to secure a commercial tenant, and also to owner-occupiers seeking centrally located premises with additional income from the flats

Description

This attractive Grade II listed property in Shrewsbury town centre offers a unique combination of commercial and residential space. The ground floor and basement are currently occupied by a retail unit, "Vic Breeze & Co", but will be offered with vacant possession due to the vendor's retirement. Meanwhile, the three self-contained one-bedroom flats above are fully let, generating a total rental income of £19,800 per annum. The property also offers strong potential for asset management, with a gross potential income of £33,800 per annum, representing a gross yield of 6.8%. With its attractive location on a pedestrian street with excellent footfall, this property is likely to appeal to both investors seeking an immediate income stream and owner-occupiers looking for centrally located premises with additional income from the flats.