An impressive Grade II Listed retail building in Shrewsbury town centre, which offers scope for residential conversion to its upper floors, has been sold to Marshall & Marshall Limited.
The company has completed the purchase of 16/17 Castle Street, an attractive property extending in total to approximately 4,139 sq ft.
Offers in the region of £450,000 had been invited by Towler Shaw Roberts.
The building offers substantial accommodation arranged over three floors, with a large open plan retail area to the ground floor, with full width and side elevation glazed displays.
The property, which occupies a prominent corner position at Castle Street and School Gardens, is a short walk from Pride Hill and the town’s railway station.
Toby Shaw, who handled the sale for Towler Shaw Roberts, said: “It’s a very impressive building and we are delighted to have completed a sale to Marshall & Marshall Limited.
“They have exciting plans for the property as they intend to convert the upper floors to residential apartments and let out the ground floor as a commercial space.”
TSR has been retained to market the ground floor retail premises, which are available to let at a rent of £18,500 per annum.
Extending to approximately 1,337 sq ft, the ground floor retail area boasts a recessed entrance, with attractive glazed frontage, kitchenette, toilet and storage facilities.
The spacious first and second floors have a separate entrance.
Marshall & Marshall Limited are a long established family-owned commercial and residential property investment company based in the heart of Shrewsbury.