No longer on the market
This property is no longer on the market
MapProperty
Under offer
Property
1671
Features and description
- -Prominently located in the sought area of the town of Shrewsbury known as Frankwell
- -Mixed commercial investment that is fully income producing with a rent of £ 31,200 per annum
- -Potential for future asset management
- -Viewing strongly recommended in order to appreciate the potential of the property.
Description
The property comprises of a fully income producing commercial investment that is prominently located and is arranged to provide a restaurant arranged over the ground floor and part of the first floor and the lower ground floor and an office/consulting rooms to part that has a self-contained ground floor entrance and is arranged over part of the first floor of the property.
The two-storey attached property has a wealth of attractive features that can only be appreciated upon undertaking an internal inspection of the property. The property is Grade 2 listed and benefits from two pedestrian entrances from Frankwell.
166 Frankwell is arranged to provide consultancy rooms with welfare facilities providing a Total Net Internal Floor Area of approximately 352 ft sq (32.70 m sq) with welfare facilities and benefiting from a ground floor entrance. The property has asset management potential as subject to statutory consents.it could lend itself to residential use. 166 Frankwell is arranged to provide a restaurant premises that is arranged over the ground and first floor and the lower ground floor. The accommodation is arranged to provide restaurant seating with a bar area and a commercial kitchen and stores and toilet facilities and provides a Total Net Internal Floor Area of approximately 841 ft sq (78.12 m sq) on the ground floor.
The property has a wealth of features, and its potential can only be fully appreciated after undertaking an inspection of the property.
Location
The property is prominently located in the sought-after area of Shrewsbury known as Frankwell adjacent to the Welsh Bridge. The property is located on the edge of the town centre in an area of mixed development with surrounding occupiers including Hatchers, Theatre Severn, Roger Parry, Jessicas and Albert and Company. The property is located within proximity of the main Frankwell public car park. Frankwell serves as one of the main arterial routes into Shrewsbury town centre from northwest and southwest.
Shrewsbury is a market town, civil parish and the county town of Shropshire, England. It is sited on the River Severn, 33 miles (53 km) northwest of Wolverhampton, 15 miles (24 km) west of Telford, 31 miles (50 km) southeast of Wrexham and 53 miles (85 km) north of Hereford. At the 2021 census, the parish had a population of 76,782.
Anti-money laundering (AML) checks
We are legally obligated to undertake anti-money laundering checks on all property purchasers. Whilst we are responsible for ensuring that these checks, and any ongoing monitoring, are conducted properly; the initial checks will be handled on our behalf by a specialist company, Movebutler, who will reach out to you once your offer has been accepted.
The charge for these checks is £30 (including VAT) per purchaser, which covers the necessary data collection and any manual checks or monitoring that may be required. This cost must be paid in advance, directly to Movebutler, before a memorandum of sale can be issued, and is non-refundable. We thank you for your cooperation.
The property comprises of a fully income producing commercial investment that is prominently located and is arranged to provide a restaurant arranged over the ground floor and part of the first floor and the lower ground floor and an office/consulting rooms to part that has a self-contained ground floor entrance and is arranged over part of the first floor of the property.
The two-storey attached property has a wealth of attractive features that can only be appreciated upon undertaking an internal inspection of the property. The property is Grade 2 listed and benefits from two pedestrian entrances from Frankwell.
166 Frankwell is arranged to provide consultancy rooms with welfare facilities providing a Total Net Internal Floor Area of approximately 352 ft sq (32.70 m sq) with welfare facilities and benefiting from a ground floor entrance. The property has asset management potential as subject to statutory consents.it could lend itself to residential use. 166 Frankwell is arranged to provide a restaurant premises that is arranged over the ground and first floor and the lower ground floor. The accommodation is arranged to provide restaurant seating with a bar area and a commercial kitchen and stores and toilet facilities and provides a Total Net Internal Floor Area of approximately 841 ft sq (78.12 m sq) on the ground floor.
The property has a wealth of features, and its potential can only be fully appreciated after undertaking an inspection of the property.
Location
The property is prominently located in the sought-after area of Shrewsbury known as Frankwell adjacent to the Welsh Bridge. The property is located on the edge of the town centre in an area of mixed development with surrounding occupiers including Hatchers, Theatre Severn, Roger Parry, Jessicas and Albert and Company. The property is located within proximity of the main Frankwell public car park. Frankwell serves as one of the main arterial routes into Shrewsbury town centre from northwest and southwest.
Shrewsbury is a market town, civil parish and the county town of Shropshire, England. It is sited on the River Severn, 33 miles (53 km) northwest of Wolverhampton, 15 miles (24 km) west of Telford, 31 miles (50 km) southeast of Wrexham and 53 miles (85 km) north of Hereford. At the 2021 census, the parish had a population of 76,782.
Anti-money laundering (AML) checks
We are legally obligated to undertake anti-money laundering checks on all property purchasers. Whilst we are responsible for ensuring that these checks, and any ongoing monitoring, are conducted properly; the initial checks will be handled on our behalf by a specialist company, Movebutler, who will reach out to you once your offer has been accepted.
The charge for these checks is £30 (including VAT) per purchaser, which covers the necessary data collection and any manual checks or monitoring that may be required. This cost must be paid in advance, directly to Movebutler, before a memorandum of sale can be issued, and is non-refundable. We thank you for your cooperation.
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.