Located on Mardol Head in the heart of Shrewsbury’s prime retail pitch.
The property comprises an 18th Century, Grade II listed building providing retail accommodation at ground and basement level, plus three upper floors of vacant offices.
13 Mardol Head is let to Nero Holdings Limited on a lease expiring on 31 January 2022 at a passing rent of £80,000 per annum.
The Caffe Nero store was confirmed as a Category A store in the recently launched CVA.
12 Mardol Head is let to Peaberry Cafes Limited on a lease expiring 29 April 2026, subject to a tenant break option on 1 March 2022, at a passing rent of £25,000 per annum.
Various asset management opportunities including the renewal of the Caffe Nero lease to improve the term certain. Opportunity to convert the upper floors to residential or office space with self-contained access off Roushill Bank, subject to the usual planning consents.
