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The Telegraph, 16 New Park Street

For sale: POA|2524 Sq M|Pubs/Bars/Clubs, Licensed & Leisure

PROPERTY DETAILS

FOR SALEPOA
SIZE2524 Sq M
ADDRESSThe Telegraph, 16 New Park Street, Shrewsbury, SY1 2LD
TYPEPubs/Bars/Clubs, Licensed & Leisure
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON8th September 2020

DESCRIPTION

Key Points

  • Freehold public house investment
  • Current rent £49,500 per annum
  • Lease without break expiring in February 2023 giving an unexpired term of 4 years
  • Business unaffected by sale
  • Site area of approximately 2,524 sq m (0.06 acres)
  • Offers invited
  • Summary

    The property comprises a two storey semi-detached building with single storey extension to the rear.

    Description

    The property comprises a two storey semi-detached building with single storey extension to the rear. The Telegraph has painted rendered elevations beneath a pitched tiled roof with the extension beneath a flat felt covered roof.

    Viewings

    All viewings must be arranged strictly by appointment with the sole selling agents Savills.

    Location

    The property is located in the town of Shrewsbury, Shropshire, 20.5 kilometres (12.6 miles) west of Telford, 40 kilometres (25 miles) south of Wrexham, and 43 kilometres (26.8 miles) west of Stafford. The Telegraph is situated in the Castlefields borough of Shrewsbury fronting a pedestrianised section of New Park Street. Nearby New Park Road provides access to the centre of Shrewsbury and the A49. The property is located in a residential area next to a small parade of retailers including SPAR, Castle Karate Club and the Bamboo House Chinese Takeaway.

    Terms

    Offers are invited for the freehold interest subject to the existing lease. The business will continue to trade unaffected from the premises during the marketing of the property and post completion of the sale.

    Specifications

    Traditional ground floor trading accommodation providing an open plan public bar with a games area to the front. Customer toilets. First floor self-contained living accommodation providing three bedrooms, lounge, kitchen and bathroom. Beer cellar and stores to the basement.

    LOCATION

    Location: The Telegraph, 16 New Park Street, Shrewsbury, SY1 2LD

    Shrewsbury (0.3 miles)

    Yorton (6.5 miles)

    Wellington (Shropshire) (9.5 miles)

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