Two-storey mixed use investment property in Shrewsbury sold to local investors

An attractive two-storey mixed use investment property in Shrewsbury’s Belle Vue Road has been snapped up by a local company.

Offers in the region of £200,000 had been invited by Towler Shaw Roberts for the fully let property at 119-123A Belle Vue Road.

It provides a spacious retail/workshop unit on the ground floor, with the benefit of an extensive street frontage, while the first floor features a self-contained two bedroom residential flat and a separate bedsit.

The property currently generates a combined income of £15,300 per annum exclusive.

Toby Shaw, who handled the sale for Towler Shaw Roberts, said: “The property is conveniently located in a sought-after residential area of Shrewsbury close to all amenities.

“It was identified as an attractive investment opportunity and we are pleased to have completed a sale of the property.”

The ground floor retail shop, which extends in total to approximately 922 sq ft, comprises a sales/workshop area, a store room, office and toilet facilities.

It has been let since 2009 to 2 Ronnies, a company established for over 20 years that specialise in the retail sale and repair of domestic appliances .

The residential accommodation is on the first floor.

Flat 1, let to the current tenant since 2016, includes two bedrooms, a living room, a kitchen/dining area and a shower room, while Flat 2, recently let to a new tenant, also features a fitted kitchen and a separate shower room.

Pictured: The property sold at 119-123A Belle Vue Road, Shrewsbury is an attractive two-storey mixed use investment property.