The property is prominently positioned, situated fronting onto Frankwell on the edge of the town centre of Shrewsbury. Frankwell has established itself as a sought after leisure quarter of the historic town of Shrewsbury, which is an established tourist centre. The property is within close proximity of the Entertainments Centre and the theatre.
There are a number of restaurants operators in close proximity to the subject property.
The property comprises of a prominent two storey property providing a total net internal floor area of approximately 2505 ft sq (232.41m sq). The property is currently arranged to provide a bar benefiting from licencing and a valuable A4 Planning Consent. The property would lend itself to a variety of uses.
At the rear of the property there is a car parking/delivery area.Ground Floor
Total Net Internal Floor Area 1301ft sq (120.93m sq)
The property is arranged as a bar area with toilet facilities
Total Net Internal Floor Area 1200sq ft (111.48m sq)
The property is arranged as seating, kitchen and welfare facilities.
Parking areaThe property is available to let by way of an assignment of the lease dated 1st October 2012 for a term of 10 years. The current rent passing is £15,300 per annum and there is a tenants option to determine the lease on the 30th September 2013 and a rent review on the 1st October 2011. A copy of the lease is available upon request.
Alternatively a new lease maybe granted subject to agreement of appropriate terms.We have made verbal enquiries to the local authority and have been advised as follows: -
Business Rates: £13,000
Rateable Value (2014/15): £6,123
However interested parties should make their own enquiries to the local authority.