16 Cross Street
Oswestry
Substantial Character Property for Sale on busy high street in Oswestry town centre.
£250,000 +VAT
8,621 sq ft
Key Features
- Ground Floor - 3,311 sq ft
- 1st Floor - 2,404 sq ft
- 2nd Floor - 1,649 sq ft
- Basement - 1,257 sq ft
Size
8,621 sq ft
Lease
-
EPC
D
Rateable Value
£21,750
See below for further information regarding the Rateable Value.
Click to Enlarge
Description
Centrally positioned on Cross Street, this prime retail property occupies a highly visible location in the heart of Oswestry, just moments from Bailey Street and The Cross.
The premises sit adjacent to Sports Direct, benefiting from excellent footfall alongside established high street brands including Costa Coffee, Poundland, and Peacocks. Please refer to the attached Goad plan for precise site identification.
Financial & Legal Information
Business Rates: Informal enquiries with Shropshire Council indicate a Rateable Value of £24,250. Prospective buyers or tenants are strongly encouraged to verify these figures directly with the local authority on 0345 678 9003.
Legal Costs: Each party is to be responsible for their own legal fees incurred throughout the course of this transaction.
Anti-Money Laundering Regulations: In compliance with statutory Money Laundering Regulations, the agent is legally required to verify the identity of the successful purchaser or tenant. This verification process will take place once heads of terms are agreed and before solicitors are formally instructed. A formal request letter outlining the required identity checks will be issued at that stage.
Thinking about setting up a business or investing in Oswestry?
Explore catchment demographics, available funding, and support roadmaps by tapping below.
Location & Economic Insights
The premises occupy a prime position within Shropshire’s second-largest economic and commercial hub. Strategically situated on the intersection of the A5 and A483 corridors, the town centre operates as a vital cross-border commercial capital, offering distinct economic advantages to incoming businesses.
Key Catchment Metrics
Massive Regional Reach: The town serves a dynamic total catchment population of 216,614 people across 11 postcode districts into Mid-Wales, Cheshire, and Shropshire, providing the third-largest catchment in the county.
Immediate Local Consumer Base: The core town boundary accommodates approximately 17,000 residents, expanding seamlessly to over 130,000 within the wider dynamic economic zone.
Exceptional Drive-Time Accessibility: An affluent catchment of 354,400 people live within a 45-minute drive-time radius of the town centre.
Strong Working Demographics: 61.1% of the local town population is of traditional working age (16–64), notably outperforming the wider Shropshire average of 58.9%.
High Street Vitality & Store Density
While many UK high streets face contraction, this property benefits from a uniquely resilient, high-density retail environment:
High Store Density: The town centre boasts 18.9 commercial units per 1,000 population, significantly higher than the Shropshire regional average of 13.0 units.
Low Commercial Vacancy: The commercial vacancy rate sits safely at just 11%, comfortably below the national average of 14%.
Daytime Professional Spend: Comparison retail accounts for the largest share of high street usage (24%), while finance, professional, and business services represent 12% of town centre operators, driving a strong midday professional spend.
The Market-Day Footfall Multiplier: Pedestrian traffic peaks heavily every Wednesday and Saturday, driven by the historic outdoor and indoor markets which pull consistent consumers from a 20-mile radius.
Funding & Capital Growth Indicators
Capital Infrastructure: The surrounding area is undergoing major economic expansion via the £45 million Innovation Park development, projected to bring 1,300 new regional jobs and a £322 million macro-economic GVA boost to the local economy.
Active Tourism Gateway: Positioned as a major gateway for North Wales and regional tourism, local retail directly taps into Shropshire’s rapidly growing visitor economy, which has officially surpassed the £1 billion milestone.
Potential Property Grants: Depending on use, new operators can access competitive regional incentives, including the High Street Heritage Action Fund (covering up to 75% of external renovation costs for town centre retail/hospitality) and the UK Shared Prosperity Fund (up to £10,000 for capital expenditure).
(Data Sources: Office for National Statistics / Shropshire Council Strategic Asset Management & Town Centre Audits / Visit Shropshire STEAM Report)
Location
Within a 5 minute walk:
- Sainsbury's - 4 Mins
- M&S Foodhall - 5 Mins
- The Wynnstay Hotel & Restaurant - 5 Mins
- Cae Glas Park - 5 Mins
Car Parks
Festival Square
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- 16 Parking Spaces
- 4 Accessible Bays
- 2 Motorcycle Spaces
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Oak Street
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- 190 Parking Spaces
- 13 Accessible Bays
- 6 Electric Charging Points
- 2 Motorcycles Spaces
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Horse Market
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- 147 Parking Spaces
- 10 Accessible Bays
- 2 Electric Charging Points
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Central Car Park
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- 483 Parking Spaces
- 24 Accessible Bays
- 2 Electric Charging Points
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Nearest Train Station(s)
- Gobowen: 2.8 miles
- Chirk: 6 miles
- Shrewsbury: 19.3 miles
Nearest Bus Station(s)
- Oswestry: 0.3 miles
- Shrewsbury: 17.9 miles
Estate Agent
Emanuel Oliver
- 1 Old Hall St, Liverpool L3 9HF
- 07795 348079
- llyr@emanueloliver.com
- Website
- Sales PDF
Business Rates
Keeping operational costs low is crucial for any growing business. You can check the current rateable value of this commercial space directly with the VOA below.
If this is your only commercial premises in England and its rateable value is £12,000 or less, you could be eligible for 100% Small Business Rate Relief. Tapered relief is also available for properties valued up to £15,000. Use the buttons below to check your rates or start your application with Shropshire Council.
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