Grade II Listed Investment Property In Shrewsbury For Sale

Business description

We are delighted to offer for sale this investment property, which has been in our client's careful hands since 2004. The property is a 4-storey Grade II listed building, with a large ground floor retail unit and owners' living accommodation above. The accommodation has 4 double bedrooms, a lounge, kitchen and bathroom, which are split over the second and third floors. The property itself still retains many of its original features and the retail unit has a contemporary outlook. The retail unit is currently occupied by our client's wedding stationery and jewellery business. Our client advises that he is more than happy to rent back the unit and to continue trading from the premises. The new owner could, if desired, convert the property into flats to generate a rental income. There is also huge potential for investors or developers to convert the building for other business uses. This is an ideal opportunity to acquire investment premises, situated in an enviable position with huge scope for future development. Early negotiations with us must come highly recommended.

Property information

Property:

Freehold

Location:

This investment property is set in an enviable position and is located on a main shopping street in Shrewsbury, Shropshire. The Grade II listed building is situated within a parade of shops and businesses and is surrounded by a densely populated area, and benefits from a high footfall. There are multiple car parks in the vicinity along with nearby bus stops and the railway station is within easy walking distance. Shrewsbury is a historic market town, with the town centre having a largely unaltered medieval street plan. The town possesses a large amount of independent retailers, both in and out of the town centre. This investment property boasts easy access to the local A-road network and the M54 motorway lies approximately 11 miles away.

Premises details:

4-storey Grade II listed property with a large retail unit and 4-bedroom living accommodation above. Briefly comprising:

Lower Ground Floor
• Cellar split into 2 sections (23.71sqm)

Ground Floor
• Front sales area with single fronted window display (3.75 x 2.27 m)
• Rear sales area with access to external patio (3.05 x 2.84m)

First Floor
• Office with feature fireplace and storeroom (office 3.88 x 3.61m storeroom 3.31 x 3.77m)
• 3 x unused rooms with potential to convert into offices, bedrooms or retail sales area (room 2: 3.74 x 3.92m room 3: 4.08 x 1.07m room 4: 4.15 x 3.74m)

Second Floor
• Kitchen with a range of fitted units, gas hob and oven (3.81 x 3.98m)
• Bathroom with corner bath, WC and wash basin
• Lounge (4.0 x 3.77m)
• Dining room
• WC
• Under stairs storage

Third Floor
• 4 x double bedrooms with exposed beams (room 1: 3.96 x 3.96m room 2: 3.81 x 3.43 room 3: 4.06 x 3.75m room 4: 4.12 x 3.91m)

External
• Enclosed courtyard to the rear of the premises
• WC

Energy Performance Rating:

E

Other information

Energy Performance Certificate:

• 
• View EPC Graph for this property