Price on application

Telegraph, 16 New Park StreetShrewsbury

    Key features

    • Freehold public house investment
    • Current rent £49,500 per annum
    • Lease 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

    Freehold public house investment for sale, currently let on a lease expiring in 2023

    About this property

    • 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.

    Local information

    • 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.

    Additional information

    • 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.
    • The entire property is let on a 5 year lease to The Telegraph Vaults Limited (Company Number 11473272) expiring 20th February 2023 at a current rent of £49,500 per annum, subject to annual RPI indexation and upwards only open market review on the penultimate day of the lease. The lease is free of trading ties.

    Energy performance

    A C - 68 EPC rating has been calculated.