An established Grade II Listed restaurant and residential property in a prominent Shrewsbury town centre location has been sold to a private investor.
The premises at 8-8A Milk Street represented an attractive commercial investment opportunity.
Arranged over three floors and extending in total to 2,706 sq ft, the restaurant is currently let to CSONS, a popular cafe-restaurant, serving breakfast, coffee, lunch, tea, cakes and dinner, on a long term lease.
The property also includes self-contained living accommodation, Mouse Cottage, which features a double bedroom, bathroom, lounge/diner and kitchenette.
Offers in the region of £395,000 had been invited for the Freehold interest, subject to and with the benefit of the existing lease.
Toby Shaw, who completed the sale for Towler Shaw Roberts, said: “It’s an exciting commercial investment opportunity in an attractive location in the heart of Shrewsbury and has been sold to a private investor. The property stimulated a good level of interest reflecting the current strong demand for well let income producing opportunities in established locations.
“TSR has been retained to deal with the management of the property on behalf of the new owner”
CSONS, which is extremely popular with customers and will remain as tenants.
The property occupies a prominent roadside position fronting Milk Street and includes a stylishly presented café with large glazed frontage and a main seating area on the ground floor.
To the rear is a commercial kitchen and additional seating area with access to an enclosed courtyard, preparation room and guest toilet block.
The first floor provides versatile accommodation, featuring four cellular rooms currently used as office space and storage, together with a staff toilet facility, with further storage space located to the second floor.
Pictured: The premises at 8/8A Milk Street, Shrewsbury are currently let to CSONS, a popular cafe-restaurant.