No longer on the market
This property is no longer on the market
Floorplan
MapLeisure facility
Leisure facility
4359
Features and description
- A substantial prominently located licenced restaurant an outstanding trading reputation in the historic town centre of Shrewsbury
- 60 cover ground floor restaurant arranged within two areas of the property
- Grade 2 listed property
- Potential for a variety of alternative uses (subject to any statutory consents)
- Four high quality letting rooms, all with en-suite bathrooms
- Reluctantly offered for sale due to retirement
- Multi functional accommodation that can be adapted to provide further restaurant space or private residential potential
- Benefits from full planning permission for change of use of first, second, and third floors from Use Class C1 (hotel in association with ground floor restaurant) to C3 dwellinghouse for use in
The property and business are only reluctantly being offered for sale due to retirement. The property comprises of a historic property that is Grade 2 Listed and has a wealth of features internally that can only be appreciated by an internal inspection of the property.
The property is arranged currently to provide a restaurant with ancillary accommodation providing a 60 cover restaurant and 4 letting rooms arranged over three floors and a cellar.
The property is Grade 2 listed and is arranged over 3 floors with a cellar which consists of the restaurant, commercial kitchens, customer WCs, function room/guest living room, letting rooms, office, staff bathroom and utility room.
The high quality and potential of the property can only be fully appreciated by undertaking an internal inspection of the property. The property is fully fitted out including 2 rooms with a bar in the middle currently serving the restaurant.
The property has been in recent years subject to an extensive scheme of high quality refurbishment and upgrading works. The property is licenced. There is a generous street frontage onto Princess Street, which allows dual access from Golden Cross passage and Princess Street, there is also rear access onto Golden Cross passage.
The property would suit a variety of alternative uses subject to statutory consents and could also be adapted to let out the restaurant accommodation separately to the residential letting rooms, to provide an investment return.
The extensive nature of the property and its accommodation means there is significant potential, subject to statutory consents.
THE BUSINESS
The Golden Cross is reported to be the oldest licenced public house in Shrewsbury and records show that it was used as an Inn as far back as circa 1428.
The restaurant and hotel occupies a prime position within Shrewsbury historic town centre and is favoured as a glamorous alternative for visitors, frustrated with the impersonality of the chain hotels. The property provides an intoxicating mix of the best of contemporary interiors, sprinkled livery with shabby chic and antique glamour.
The business is only being reluctantly offered for sale due to the retirement of the existing proprietors. The business is currently ran by the proprietors with assistance from staff and offers the opportunity to acquire a very profitable business. Further information including trading accounts are available from the selling agents upon request.
The business is licenced and has an enviable reputation in the town as a restaurant and benefits from additional income generation from 4 high quality letting rooms. The accommodation on the first floor provides multi functional accommodation that can be used in association with the restaurant and letting business.
Shrewsbury is a growing tourist centre and county town and is the birthplace of Charles Darwin and boasts over 600 listed buildings, including the Castle and the Abbey.
There is vibrant entertainment all year round, with a wide range of events throughout the year, including the International Cartoon Festival in April, Shrewsbury Food Festival in June, the Flower Show in the middle of August and the Shrewsbury Folk Festival at the end of August, as well as various family activities throughout the year.
The town is a university town, and has recently been voted the eighth 'Happiest Place to Live in the UK' from more than 200 towns and cities throughout the country. Shrewsbury is also proud of its prestigious Purple Flag status for its evening and night-time economy.
Shrewsbury is the county town of Shropshire with a borough population in excess of 90,000 people and an estimated retail catchment in excess of 250,000 people within 30 minutes drive time. The Shropshire Tourism Economic Impact Assessment estimates that in excess of 2.5 million people visit the town annually with an estimated tourism spend of £130,000,000.
The town is the gateway to mid-Wales and via the A5 offers easy access to the M54 Motorway and National Road Network.
The property is arranged currently to provide a restaurant with ancillary accommodation providing a 60 cover restaurant and 4 letting rooms arranged over three floors and a cellar.
The property is Grade 2 listed and is arranged over 3 floors with a cellar which consists of the restaurant, commercial kitchens, customer WCs, function room/guest living room, letting rooms, office, staff bathroom and utility room.
The high quality and potential of the property can only be fully appreciated by undertaking an internal inspection of the property. The property is fully fitted out including 2 rooms with a bar in the middle currently serving the restaurant.
The property has been in recent years subject to an extensive scheme of high quality refurbishment and upgrading works. The property is licenced. There is a generous street frontage onto Princess Street, which allows dual access from Golden Cross passage and Princess Street, there is also rear access onto Golden Cross passage.
The property would suit a variety of alternative uses subject to statutory consents and could also be adapted to let out the restaurant accommodation separately to the residential letting rooms, to provide an investment return.
The extensive nature of the property and its accommodation means there is significant potential, subject to statutory consents.
THE BUSINESS
The Golden Cross is reported to be the oldest licenced public house in Shrewsbury and records show that it was used as an Inn as far back as circa 1428.
The restaurant and hotel occupies a prime position within Shrewsbury historic town centre and is favoured as a glamorous alternative for visitors, frustrated with the impersonality of the chain hotels. The property provides an intoxicating mix of the best of contemporary interiors, sprinkled livery with shabby chic and antique glamour.
The business is only being reluctantly offered for sale due to the retirement of the existing proprietors. The business is currently ran by the proprietors with assistance from staff and offers the opportunity to acquire a very profitable business. Further information including trading accounts are available from the selling agents upon request.
The business is licenced and has an enviable reputation in the town as a restaurant and benefits from additional income generation from 4 high quality letting rooms. The accommodation on the first floor provides multi functional accommodation that can be used in association with the restaurant and letting business.
Shrewsbury is a growing tourist centre and county town and is the birthplace of Charles Darwin and boasts over 600 listed buildings, including the Castle and the Abbey.
There is vibrant entertainment all year round, with a wide range of events throughout the year, including the International Cartoon Festival in April, Shrewsbury Food Festival in June, the Flower Show in the middle of August and the Shrewsbury Folk Festival at the end of August, as well as various family activities throughout the year.
The town is a university town, and has recently been voted the eighth 'Happiest Place to Live in the UK' from more than 200 towns and cities throughout the country. Shrewsbury is also proud of its prestigious Purple Flag status for its evening and night-time economy.
Shrewsbury is the county town of Shropshire with a borough population in excess of 90,000 people and an estimated retail catchment in excess of 250,000 people within 30 minutes drive time. The Shropshire Tourism Economic Impact Assessment estimates that in excess of 2.5 million people visit the town annually with an estimated tourism spend of £130,000,000.
The town is the gateway to mid-Wales and via the A5 offers easy access to the M54 Motorway and National Road Network.
Property information from this agent
About this agent
Halls - Commercial Property
Halls Holdings House, Bowmen Way, Battlefield
Shrewsbury, Shropshire
SY4 3DR
01743 534860Halls Commercial provides a range of specialist commercial property services to clients of all sizes across the UK. We have a comprehensive knowledge of our markets developed over many years operating in this sector. Our service is forward thinking, personal and professional, designed to achieve the best results for our clients whatever their requirements. Although we operate nationwide, we retain a particular emphasis on the Midlands. Agency Services Our commercial agency team are on hand to offer friendly advice and market appraisals, helping you buy and sell commercial property throughout Shropshire, Worcestershire, Mid Wales, the West Midlands and beyond. We advise investors and developers on selling and acquiring commercial property, while also assisting with the acquisition of new premises or disposing of unwanted space. From offices and retail to industrial and leisure-based properties, we can guide you through the sale of all types of commercial property. Offering advice at every stage, we will help you find the best route to market and give you advice on how to attract the right buyers. We can also give guidance on development land, whether owner occupied or held as an investment. With strong links to buyers, our skilled and knowledgeable team are on hand to advise from start to finish. This includes guidance on any works required prior to sale, including applications for planning consent, refurbishment programmes and tenant disputes. Management Services Offering a strategic approach, we always have your future needs in mind. Whether you’re an experienced landlord or a one-off investor, we understand that your priority is to increase the value of your investment while minimising void periods and building a strong tenant profile. Working closely with our in-house marketing and PR team, we have a comprehensive tenant vetting process to help minimise your risks. If you’re looking to expand your commercial property portfolio, we will take the time needed to gain a full understanding of your needs and match you with properties suited to your business requirements within your timescales. Professional Property Services Halls Commercial is a team of RICS Registered Valuers with professional indemnity insurance cover of £10 million. As you would expect we are on the valuation panels of most of the major banks including Barclays, Lloyds, Royal Bank of Scotland, HSBC, NatWest, Handelsbanken, and Clydesdale. Our experienced team of valuers operates in accordance with RICS Valuation Standards (Red Book), International Financial Reporting Standards (IFRS) and UK GAAP and alongside the years of experience across our Commercial team, our valuations are backed by the latest valuation and appraisal software.