29a - 31 , Princess Street, Shrewsbury, Shropshire
Guide Price  £530,000

  • Handsome Grade II* Listed Investment/Conversion Opportunity
  • Prominent Town Centre Location
  • Extending in total to approx. 3,790 sqft (352.1 sqm)
  • Incorporating two self-contained ground floor commercial units currently operating as a restaurant/cafe & retail shop
  • Currently generating a combined income of £29,300 pax
  • Versatile accommodation to upper floors with private access having the benefit of planning permission for conversion to residential accommodation (Ref: 19/01783/FUL)
  • Highly sought after Town Centre location
  • Available For Sale inviting offers in the region of £530,000 for the freehold interest, subject to the existing tenancies.

LOCATION

The property occupies a prominent position within one of Shrewsbury’s well established town centre retailing locations close to the main square, set amongst a host of national and independent traders including: Carluccio’s, Barbour, Jigsaw clothing, Pockets Designer Men’s Wear, Goldsmith Jewellers, Côte Brasserie and ASK Italian with the Shrewsbury Museum and Art Gallery close by.

Shrewsbury is the County Town and administrative centre of Shropshire, strategically located at the intersection of the main A49 and A5 trunk road approximately 55 miles north west of Birmingham, 18 miles west of Telford and 40 miles south of Chester.

DESCRIPTION

This imposing four storey Grade II* Listed commercial building of traditional brick construction extends in total to approx. 3,790 sqft (352.11 sqm)

The ground floor boasts two self-contained commercial units which are currently trading as a retail shop and a stylishly presented, double fronted restaurant/café having attractive glazed displays with recessed entrance, open plan seating area, kitchen, washroom and toilet facilities.

The upper floors are accessed via a private entrance and provide generous cellular accommodation whilst retaining a number of period features. The internal accommodation is in need of refurbishment and upgrading providing an excellent opportunity to convert the upper floors for residential or alternative commercial purposes, subject to planning.

An extensive programme of external repair/maintenance and remedial works have been recently been completed to the building including upgrading of the roofs, chimneys, rainwater goods and replacements of certain windows.

TENANTS INFORMATION

29A Princess Street – The Tenant has been in occupation for a number of years specialising in the sale of antiques and collectables.

30-31 Princess Street – The premises trade as Ginger & Co operating as a successful coffee shop providing breakfast and light lunch and has built up an excellent reputation within the town attracting a regular clientele.

GUIDE PRICE

Offers around £530,000 are invited for the Freehold Interest, subject to and with the benefit of the existing tenancies.

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