The property is situated Castle Foregate, in Shrewsbury Town Centre, where all local amenities are available. Castle Foregate is a busy trading position located opposite the towns postal sorting office and approximately 600 yards from the main train station. Surrounding occupiers are independent traders and local businesses. Castle Foregate is a key spine road bringing traffic into the town centre and links with Pride Hill, the towns prime shopping area, at its upper end.
Shrewsbury is the County Town of Shropshire and is an administrative and tourist centre. The town lies 16.3 miles (26 km) to the West of Telford and 31.5 miles (50.7 km) to the North of Wolverhampton. Access to the motorway network can be found via the M54 at Telford.
The property comprises a three storey terraced building providing a takeaway premises on the ground floor and a two bedroom flat over the upper floors.
The ground floor is arranged as retail area with a kitchen and separate chiller room to the rear. There is a courtyard at the back of the property and a separate store room. The two bedroom flat is separately accessed from a doorway to the side of the property.
Ground floor 543 sq ft (50.4 sq m)
Store 157 sq ft (14.6 sq m)The shop is to be let on a new 15 year Tenants Full Repairing and Insuring Lease with upwards only rent reviews every three years at a rent of £11,000 per annum. The flat is let on an assured shorthold tenancy agreement at a rent of £4,200 per annum.
The property will be included in an auction sale on 6th November if not sold prior, more details available from the sole agents upon request.
Interested parties should make their own enquiries to the Local Authority.
Rateable value: £7,400
Rates payable 2015/16: £3,552
Flat: Council Tax Band A.