Summary

Property Type Investment
Tenure For Sale
Size 1,671 sq ft
Price £395,000 showing a Net Initial Yield of 7.9 % after normal purchasers costs
Rates Payable Upon Enquiry
  • - Prominently located in the sought area of the town of Shrewsbury known as Frankwell
  • - Mixed commercial investment that is fully income producing with a rent of £ 31,200 per annum
  • - Potential for future asset management
  • - Viewing strongly recommended in order to appreciate the potential of the property.

About

The property comprises of a fully income producing commercial investment that is prominently located and is arranged to provide a restaurant arranged over the ground floor and part of the first floor and the lower ground floor and an office/consulting rooms to part that has a self-contained ground floor entrance and is arranged over part of the first floor of the property.

The two-storey attached property has a wealth of attractive features that can only be appreciated upon undertaking an internal inspection of the property. The property is Grade 2 listed and benefits from two pedestrian entrances from Frankwell.

166 Frankwell is arranged to provide consultancy rooms with welfare facilities providing a Total Net Internal Floor Area of approximately 352 ft sq (32.70 m sq) with welfare facilities and benefiting from a ground floor entrance. The property has asset management potential as subject to statutory consents.it could lend itself to residential use. 166 Frankwell is arranged to provide a restaurant premises that is arranged over the ground and first floor and the lower ground floor. The accommodation is arranged to provide restaurant seating with a bar area and a commercial kitchen and stores and toilet facilities and provides a Total Net Internal Floor Area of approximately 841 ft sq (78.12 m sq) on the ground floor.

The property has a wealth of features, and its potential can only be fully appreciated after undertaking an inspection of the property.

Location

The property is prominently located in the sought-after area of Shrewsbury known as Frankwell adjacent to the Welsh Bridge. The property is located on the edge of the town centre in an area of mixed development with surrounding occupiers including Hatchers, Theatre Severn, Roger Parry, Jessicas and Albert and Company. The property is located within proximity of the main Frankwell public car park. Frankwell serves as one of the main arterial routes into Shrewsbury town centre from northwest and southwest.
Shrewsbury is a market town, civil parish and the county town of Shropshire, England. It is sited on the River Severn, 33 miles (53 km) northwest of Wolverhampton, 15 miles (24 km) west of Telford, 31 miles (50 km) southeast of Wrexham and 53 miles (85 km) north of Hereford. At the 2021 census, the parish had a population of 76,782.

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