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4 Market Place, Shifnal £489,950

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  • FREEHOLD SALE - An Imposing Three Storey Freehold Building of Character
  • Popular Restaurant, Wine Bar, Bistro and Cocktail Bar - Town Location, Close to Railway Station
  • Three Self Contained Flats Above Producing £17,880 per annum
  • Additional Two Storey Former Offices With Scope for Further Development/Income Potential
  • Additional Storage Areas, Bottle Store, Cellar and Beer Chiller Room
  • Enclosed Rear Courtyard

FREEHOLD SALE - A RARE BUSINESS OPPORTUNITY, WITH INVESTMENT INCOME To acquire An imposing Three storey Grade II Listed Building of charm and character incorporating Latimer's a popular established 45 Cover Ground Floor Restaurant, Wine Bar, Bistro and Cocktail Bar offering a variety of quality foods and beverages rated in the top 10 of 1,156 restaurants in Shropshire on Trip Advisor. Three Self Contained Apartments (all fully let) sit above the restaurant, and Two Storey former office accommodation (currently utilised for storage but ideal for reinstatement or conversion) is also included together with further storage areas being a bottle store, cellar and beer chiller room within the basement. An enclosed courtyard sits to the rear of the property. The building occupies a prominent position in the heart of Shifnal Town Centre close to all of the amenities and opposite the railway station with regular services running to Shrewsbury and the West Midlands. The restaurant is also ideally situated within easy reach of the M54 and commuter links to Wolverhampton, Birmingham and beyond. This delightful Shropshire town is expanding rapidly, with new homes currently being built and Shifnal has recently undergone a new town centre development scheme. A Mixed Use Property Class A1, A2, A3, A4, A5 EPC On Request APARTMENTS All tenants on a six-month rolling contract Flat 1 455 pounds pcm (From 16/03/21) Flat 2 496 pounds pcm (From 18/10/19) Flat 3 539 pounds pcm (From 21/10/17) Current Income 1,490 pounds per month, equating to 17,880 pounds per annum. FORMER OFFICES Included within the sale and provide two-storey ancillary accommodation. There is excellent scope to return them to office use, thus generating additional income, or convert to further residential accommodation. FIXTURES AND FITTINGS To be included in the sale. LEGAL COSTS Each party to be responsible for their own legal costs that may be incurred in this transaction. VAT - All prices quoted exclusive of VAT TENURE Freehold, subject to the existing tenancies. (the particulars are set out as a general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, an offer or contract. All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers should not rely on them a statements or representations of fact but should satisfy themselves by inspection or otherwise as to the correctness of each of them. SELF CONTAINED APARTMENT ACCOMMODATION FIRST FLOOR APARTMENT ONE Private Entrance and Hallway Lounge Fully Fitted Kitchen Bathroom with Bath and Shower Airing Cupboard Bedroom Walk-in Storage Cupboard Modern Electric Heating FIRST FLOOR APARTMENT TWO Private Entrance and Hallway Spacious Lounge with large bay window Fully Fitted Kitchen Good Sized Bathroom with Bath and Shower Airing Cupboard Substantial Master Bedroom Walk-in Storage Cupboard Modern Electric Heating SECOND FLOOR APARTMENT THREE Private Entrance and Hallway Lounge Fully Fitted Kitchen Bathroom with Bath and Shower Airing Cupboard Very Spacious Master Bedroom Second Bedroom Modern Electric Heating EPC: E RATING FOR ALL THREE APARTMENTS

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4 Market Place
Shifnal TF11 9AZ
County: Shropshire
Sale Type: For Sale
Ref #: 00001053
Natalie Jayne Photography My Deposits The Property Ombudsman TSI Rightmove CMP