A local investor has snapped up an attractive Grade II Listed commercial investment property in Shrewsbury town centre.

The ground floor of the property at 17A Hills Lane, a spacious three-storey building, is home to Blind Tiger, an established cocktail bar, with the upper floors having the potential for residential conversion to create two apartments.

Offers in the region of £425,000 had been invited by Towler Shaw Roberts for the freehold interest, subject to the proposed tenancy on the ground floor and vacant possession of the upper floors.

Josh Hyde, who handled the sale for TSR, said: “The property benefits from a sought after location in Shrewsbury town centre and generated considerable interest as an attractive investment.

“We are delighted to have completed a sale to a local investor with the property sold subject to planning being granted for two apartments on the upper floors.

“The sale also included the leaseback of the ground floor to Blind Tiger, a popular cocktail bar, who have taken on a new lease.

“Well located income producing properties of this type continue to be very appealing to investors.”

The property, which fronts Hills Lane opposite the Barker Street public car parks, extends in total to 2,648 sq ft.

The ground floor, occupied by Blind Tiger for more than 10 years, is fitted out to a high standard, having exposed brickwork and timbers, painted concrete flooring and a raised bar area with preparation area.

The first floor currently features spacious storage facilities and customer toilets accessed via an internal staircase, as well as two mezzanine storage areas, with attractive exposed timber beams and painted brickwork.

Pictured: The property sold by Towler Shaw Roberts at 17A Hills Lane, Shrewsbury is a spacious three-storey building.