Commercial · For sale

10 & 11 Pride Hill, Shrewsbury – Prime Freehold VAT Free Retail Investment

10 & 11 Pride Hill, Pride Hill, Shrewsbury, Shropshire, SY1 1DQ

Offers over £1,700,000

Tenure

Freehold

Added

18 Oct 2026

About this property

Let to The Works and Hobbs.

Both properties are Grade II listed, arranged on basement, ground, first, second and attic floors, of brick construction under a part pitched slate and flat roof. 10 Pride Hill - The Works trade the entire ground floor for sales, fitted out in their standard livery; the first, second and basement floors are ancillary. 11 Pride Hill - Hobbs occupy this fully refurbished unit (2018), trading the ground floor in the standard Hobbs livery, with rear ancillary storage formed by a demountable partition. The basement, previously used for sales by the former tenant McDonalds, is unused; the first and second floors are ancillary. There are intercommunicating fire escape rights between the two buildings on each floor, discharging into the rear car park (The Gap).

Key points: - Prime high street retail investment in the affluent county town of Shrewsbury. - Highly prominent position on the pedestrianised Pride Hill, part of the town's core retail offering. - Attractive Grade II listed retail units extending to 7,562 sq ft over basement, ground, first, second and attic floors. - The Works Stores Limited have traded from 10 Pride Hill for nearly 20 years; Hobbs Limited from 11 Pride Hill for 7 years. - The Works has signed a 5 year reversionary lease from 25 March 2027 to March 2032 at £56,000 p.a.x. - Hobbs lease to 30 June 2029 without a further rent review or tenant break at £95,000 p.a.x. - Combined topped-up rent £151,000 p.a.x.; WAULT 3.8 years. - Capital value of £224.80 per sq ft (£2,419.92 per sq m).

Figures are taken from the vendor's particulars and are subject to contract. Enquire through PropSale for the full information pack.

Features

• Topped-up Income: £151k p.a.
• Net Initial Yield: 8.36%
• Tenure: Freehold