•For Sale By Online Auction: 25th & 26th September 2019
•Guide Price: £125,000+
•Ground floor bar/function area
•Large cellar and kitchen
•Approx. 3,500 sq ft
A rare opportunity the acquire a town centre public house in the heart of the popular market town of Oswestry, Shropshire.
The town has population of 18,000 and is host to a wide range of shops and amenities making it also popular with the surrounding rural community.
Nearby occupants include a good range of banks, Boots, Marks & Spencers along with a good range of independent retailers, there is also a popular market held every Wednesday, Friday and Saturday.
The property is set over two floors plus basement, to the ground floor there is a large lounge bar area with adjoining eating area, function room, kitchen and cellar. The first floor is currently used as offices and storage but could easily be converted to living accommodation as was its previous use.
Ground Floor: 189.25 sq m (2037 sq ft)
Basement: 47.57 sq m (512 sq ft)
First Floor: 80.28 sqm (864 sq ft)
(Measurements taken from the VOA register).
This property is currently vacant. However, should the property be managed correctly there is potential to create a good sustainable income.
There is also potential to convert the upper floor to B&B style accommodation. It is envisaged that the upper floor could be reconfigured to form four double rooms and the current rates for this style of accommodation is in the region of £80 per night.
We understand the property to have mains gas, electricity, water and drainage. However, interested parties are advised to carry out their own investigations.
The rateable value of the property is £14,500 pa
VAT is payable on the purchase price of the property, Prospective purchasers should consult their accountant for further advise
2% (min. £3,600) inc. VAT
Viewings by appointment only. Please contact a member of John Pye Property on 0115 970 6060 or email firstname.lastname@example.org to arrange an appointment.
If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
•0% Seller Fee
•£0 Entry Fee
•£0 Marketing Costs
•20 Working Day Completion