Let to Lakeland Limited on a new 15 year lease (subject to option in 2036)(2)
Prominent double fronted retail unit in a prime town centre position
Located within Shrewsbury's historic retail core
Approx. commercial area of 615.10 sq m (6,619 sq ft)
Nearby occupiers include Pret A Manger, Dominos Pizza, Subway, Greggs, Hotel Chocolat, Superdrug & Fat Face
Lot 4
Auction 11th June 2026
Rent £70,000 per Annum Exclusive
Status Available
Guide* Contact Us
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
14 miles west of Telford, 51 miles north-west of Birmingham
Road
A5, A49, A458
Rail
Shrewsbury railway station
Air
Birmingham Airport
Situation
Shrewsbury is an attractive and historic market town, approximately 14 miles west of Telford and 51 miles north-west of Birmingham. The property occupies a prominent High Street position on Mardol, on a well-established retail street, in the heart of Shrewsbury town centre. Mardol Head runs directly onto pedestrianised Pride Hill, Shrewsbury’s prime retailing thoroughfare. The property also benefits from being situated a short walk from Shrewsbury Market Hall. Nearby occupiers include Pret A Manger, Dominos Pizza, Subway, Greggs, Hotel Chocolat, Superdrug & Fat Face.
Tenure
Freehold.
Location
Miles
14 miles west of Telford, 51 miles north-west of Birmingham
Road
A5, A49, A458
Rail
Shrewsbury railway station
Air
Birmingham Airport
Situation
Shrewsbury is an attractive and historic market town, approximately 14 miles west of Telford and 51 miles north-west of Birmingham. The property occupies a prominent High Street position on Mardol, on a well-established retail street, in the heart of Shrewsbury town centre. Mardol Head runs directly onto pedestrianised Pride Hill, Shrewsbury’s prime retailing thoroughfare. The property also benefits from being situated a short walk from Shrewsbury Market Hall. Nearby occupiers include Pret A Manger, Dominos Pizza, Subway, Greggs, Hotel Chocolat, Superdrug & Fat Face.
Tenure
Freehold.
Description
The property comprises a double fronted retail unit on the ground floor with ancillary accommodation on the basement and part first floors. The remainder of the first floor and the second floor comprises residential and has been let on a long lease.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a double fronted retail unit on the ground floor with ancillary accommodation on the basement and part first floors. The remainder of the first floor and the second floor comprises residential and has been let on a long lease.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground Basement Part first
Retail Ancillary Ancillary
554.70 37.50 22.90
(5,970) (403) (246)
LAKELAND LIMITED (1)
15 years from completion (2)
£70,000
5 yearly upward only rent reviews
Part first Second
Residential 4x Flats
-
-
TUDOR APARTMENTS MANEGEMENT COMPANY (SHREWSBURY) LIMITED
999 years from 24/06/2003
peppercorn
-
Total commercial floor area
615.10
(6,619)
£70,000
(1) Lakeland Limited is a chain of kitchenware stores currently trading from over 55 locations across the UK. For the year ending 31/12/2024 Lakeland Limited reported a Turnover of £133,596,000, a Gross Profit of £66,112,000 and a Total Equity of £40,126,000 (Annual report and financial statements as published at Companies House 20/05/2026). (2) The lease will commence on completion of the sale and will provides for a tenant option to determine on the 10th anniversary of the term. N.B. The commercial floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
