Guide price
£400,000
Retail premises for sale74 & 75 Mardol, Shrewsbury SY1
Just added
Auction
Freehold
About this property
Freehold Subject to the existing tenancies.
For Sale By Public Auction on 10 December starting at 08:30 am - A pair of attractive freehold retail investment properties occupying a prominent position within the heart of Shrewsbury Town Centre. Current Rental Income - £28,000 pa rising to £41,500 pa from August 2026 and £45,500 pa from August 2027 until the end of the term.
The property comprises an attractive mid terraced three storey building which provides two self contained ground floor retail units with ancillary stores, offices, staff room and WCs above.
74 Mardol, is occupied by Florence & Company, selling ladies designer clothes. It is a well presented ground floor retail unit, with changing area, stock room and WC.
75 Mardol is occupied by Rohan, selling high end outdoor and travel clothing and footwear. Having a modern and well presented main retail space, with changing rooms, There are stairs off to the first floor having a stock room, office, staff room/kitchenette, ladies and gents WCs, on the second floor there are two additional store rooms and access to further attic storage. The accommodation over first and second floors lies above both numbers 74 and 75.
Accommodation
74 Mardol
Ground Floor: 666 sq. Ft (61.9 sq. M)
75 Mardol
Ground Floor: 1,187 sq. Ft (110.3 sq. M)
First Floor: 1,467 sq. Ft (136.3 sq. M)
Second Floor: 835 sq. Ft (77.6 sq. M)
Total: Approximately 4,155 sq. Ft (386.1 sq. M)
We would advise that we have not undertaken a measured survey of the premises and all interested parties should seek their own verification of floor areas and dimensions.
Location
The property occupies a prominent position fronting the northern side of Mardol, within the heart of Shrewsbury's Retail Core, it runs between Claremont Street and Mardol Quay.
Mardol, is one of Shrewsbury's oldest streets, with a number of attractive timber framed buildings dating from the 15th Century, it is renowned for its diverse range of independent businesses, from Artisan Crafts and Jewellery to unique gifts, coffee shops, restaurants and pubs. National operators include Lakeland, Jessops and Pizza Express.
Shrewsbury is the popular and historic county town of Shropshire, strategically located at the intersection of the main A49 and A5, approximately 55 miles North West of Birmingham and 40 miles South of Chester.
Energy Performance Rating
74 - Rating C
75 - Rating C
Tenure
Freehold Subject to the existing tenancies.
Value Added Tax
We understand VAT is not applicable on this transaction.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Viewing Times
Strictly by appointment with the Auctioneers. Please complete the request a viewing' form or contact the office.
Tenancy Details
74 Mardol - The property is let by way of a Renewal Lease for a term of 5 years with effect from 07.10.2025 to Rock Bottom Designer Clearance Shops Ltd trading as Florence & Company at a current rent of £13,000 per annum.
75 Mardol - The property is let by way of a Renewal Lease for a term of 5 years with effect from 20.08.2025 to Rohan Designs Ltd at an annual rent as follows;
£15,000 from 20/08/2025 - 19/08/2026
£28,500 from 20/08/2026 - 19/08/2027
£32,500 from 20/08/2027 - 19/08/2030
Copies of the leases will be available within the legal pack.
The average total rent for the 5 year terms is £41,500 per annum.
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
The property comprises an attractive mid terraced three storey building which provides two self contained ground floor retail units with ancillary stores, offices, staff room and WCs above.
74 Mardol, is occupied by Florence & Company, selling ladies designer clothes. It is a well presented ground floor retail unit, with changing area, stock room and WC.
75 Mardol is occupied by Rohan, selling high end outdoor and travel clothing and footwear. Having a modern and well presented main retail space, with changing rooms, There are stairs off to the first floor having a stock room, office, staff room/kitchenette, ladies and gents WCs, on the second floor there are two additional store rooms and access to further attic storage. The accommodation over first and second floors lies above both numbers 74 and 75.
Accommodation
74 Mardol
Ground Floor: 666 sq. Ft (61.9 sq. M)
75 Mardol
Ground Floor: 1,187 sq. Ft (110.3 sq. M)
First Floor: 1,467 sq. Ft (136.3 sq. M)
Second Floor: 835 sq. Ft (77.6 sq. M)
Total: Approximately 4,155 sq. Ft (386.1 sq. M)
We would advise that we have not undertaken a measured survey of the premises and all interested parties should seek their own verification of floor areas and dimensions.
Location
The property occupies a prominent position fronting the northern side of Mardol, within the heart of Shrewsbury's Retail Core, it runs between Claremont Street and Mardol Quay.
Mardol, is one of Shrewsbury's oldest streets, with a number of attractive timber framed buildings dating from the 15th Century, it is renowned for its diverse range of independent businesses, from Artisan Crafts and Jewellery to unique gifts, coffee shops, restaurants and pubs. National operators include Lakeland, Jessops and Pizza Express.
Shrewsbury is the popular and historic county town of Shropshire, strategically located at the intersection of the main A49 and A5, approximately 55 miles North West of Birmingham and 40 miles South of Chester.
Energy Performance Rating
74 - Rating C
75 - Rating C
Tenure
Freehold Subject to the existing tenancies.
Value Added Tax
We understand VAT is not applicable on this transaction.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Viewing Times
Strictly by appointment with the Auctioneers. Please complete the request a viewing' form or contact the office.
Tenancy Details
74 Mardol - The property is let by way of a Renewal Lease for a term of 5 years with effect from 07.10.2025 to Rock Bottom Designer Clearance Shops Ltd trading as Florence & Company at a current rent of £13,000 per annum.
75 Mardol - The property is let by way of a Renewal Lease for a term of 5 years with effect from 20.08.2025 to Rohan Designs Ltd at an annual rent as follows;
£15,000 from 20/08/2025 - 19/08/2026
£28,500 from 20/08/2026 - 19/08/2027
£32,500 from 20/08/2027 - 19/08/2030
Copies of the leases will be available within the legal pack.
The average total rent for the 5 year terms is £41,500 per annum.
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
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