SHREWSBURY CITY CENTRE - FREE OF TIE REFURBISHED BAR AND RESTAURANT
Shrewsbury, Shropshire
Ref: 93235
Leasehold Offers Around £38,000
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Key Features
Location
Shrewsbury is the county town of Shropshire but acts as the cultural and economic centre for the county and for a large area of Mid Wales. The town sits on the banks of the River Severn and enjoys a largely unspoilt medieval street plan with many historic buildings including Shrewsbury Castle and a large number of timber framed buildings from the 15th and 16th centuries. It has a population of some 70,000, but supports thriving retail outlets, light industrial parks and distribution centres for the surrounding area. It also enjoys excellent communication links via the A5 and A49 and has five separate railway lines that meet at Shrewsbury Railway Station.
The subject premises enjoy a prominent location opposite the town’s theatre on the northern banks of the River Severn in Frankwell. This is one of the main thoroughfares leading into the town, just across the Welsh Bridge. The premises forms part of a row of retail and leisure properties. It offers trading areas on ground and first floors and has recently undergone a complete refurbishment: it is now presented in very good order throughout and will require little investment for some time. It is a ‘lock- up’.
The subject premises enjoy a prominent location opposite the town’s theatre on the northern banks of the River Severn in Frankwell. This is one of the main thoroughfares leading into the town, just across the Welsh Bridge. The premises forms part of a row of retail and leisure properties. It offers trading areas on ground and first floors and has recently undergone a complete refurbishment: it is now presented in very good order throughout and will require little investment for some time. It is a ‘lock- up’.
Property
TRADE AREAS
GROUND FLOOR
Main entrance leading into MAIN TRADING AREA, tastefully decorated throughout in a modern contemporary style with stripped wood effect flooring. Fixed wall bench seating with loose tables and chairs for approximately 75, with ample room for more standing. Contemporary SERVERY with back bar fitting having bespoke beer tap arrangement. LADIES’ AND DISABLED TOILET. CELLAR. Rear access fire escape with private parking.
FIRST FLOOR
FUNCTION ROOM/SECOND BAR, being decorated to a high standard throughout with partially timber clad ceiling and stripped wood effect floor. Contemporary SERVERY with bespoke beer taps. Seating for approximately 40 but with ample room for more standing.
STOREROOM with SMALL OFFICE off. CATERING KITCHEN having nonslip floor, tiled walls, stainless steel extraction hood and a good selection of commercial catering effects and equipment. GENTLEMEN’S TOILETS.
EXTERNAL
To the rear of the property there are 3 parking spaces which are incorporated in the lease.
GROUND FLOOR
Main entrance leading into MAIN TRADING AREA, tastefully decorated throughout in a modern contemporary style with stripped wood effect flooring. Fixed wall bench seating with loose tables and chairs for approximately 75, with ample room for more standing. Contemporary SERVERY with back bar fitting having bespoke beer tap arrangement. LADIES’ AND DISABLED TOILET. CELLAR. Rear access fire escape with private parking.
FIRST FLOOR
FUNCTION ROOM/SECOND BAR, being decorated to a high standard throughout with partially timber clad ceiling and stripped wood effect floor. Contemporary SERVERY with bespoke beer taps. Seating for approximately 40 but with ample room for more standing.
STOREROOM with SMALL OFFICE off. CATERING KITCHEN having nonslip floor, tiled walls, stainless steel extraction hood and a good selection of commercial catering effects and equipment. GENTLEMEN’S TOILETS.
EXTERNAL
To the rear of the property there are 3 parking spaces which are incorporated in the lease.
The Business
The business trades as a bar, restaurant and function venue to a large number of local customers. It is on the main town ‘circuit’. It is currently closed Monday, trading noon until midnight Sunday to Thursday and noon until 1am on Friday and Saturday. At present, the business is run under management and achieves sales in the region of £8,000 per week inclusive of VAT.
Tenure
LEASEHOLD £38,000 to include fixtures, fittings and goodwill. Stock at valuation in addition.
The Property is held on a ten year full repairing and insuring lease. The lease is free of tie. The current rent is £12,000 per annum.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
The Property is held on a ten year full repairing and insuring lease. The lease is free of tie. The current rent is £12,000 per annum.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Licence
A full Premises Licence is held for the supply of alcohol between the hours of 12:00-01:00 Monday to Saturday and 12:00-00:00 Sunday.
Services
All mains services are connected.
LOCAL AUTHORITY
Shropshire Council
The Shirehall
Abbey Foregate
Shrewsbury
SY2 6ND
Tel: 0345 678 9000.
Rateable Value: £17,750 as at 01 April 2023.
LOCAL AUTHORITY
Shropshire Council
The Shirehall
Abbey Foregate
Shrewsbury
SY2 6ND
Tel: 0345 678 9000.
Rateable Value: £17,750 as at 01 April 2023.
Enquire about this listing
Ceiron Griffiths
Midlands
Ref: 93235
