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40 Wyle Cop 1,376 sq ft Retail Property Shrewsbury SY1 1XF £49,995 (£36.33/sq ft)
EXECUTIVE SUMMARY
LOCATION
The property is situated fronting onto Wyle Cop which serves as one of the main arterial roads into Shrewsbury Town Centre but has established itself as a main retail street for Independent retailers in the Town of Shrewsbury.
Shrewsbury is the County Town of Shropshire and is an established tourist and administrative centre. The property is situated within close proximity of a number of the town's main car parks.
DESCRIPTION
The property comprises a ground floor restaurant extending to 39 m sq (420 sq ft) and offering 40 seated covers and a bar/servery area.
The kitchen extends to 23 m sq (248 sq ft) and comprises all equipment/fixtures and fittings associated with an Indian restaurant and takeaway.
There is a seated area for takeaway customers extending to 7 m sq (75 sq ft) and comprising built in seating/soft furnishings.
Externally, there is dedicated parking and bin stores.
The business has traded and built an enviable reputation with a 30 year tenure, and is only offered for sale due to retirement.
BUSINESS
The business traded YTD 2018/19 with a turnover of £210,000 per annum, showing a net margin of circa 33%.
All fixtures and fittings are to be included within the sale and a full inventory list will be provided to any interested parties.
The property is situated fronting onto Wyle Cop which serves as one of the main arterial roads into Shrewsbury Town Centre but has established itself as a main retail street for Independent retailers in the Town of Shrewsbury.
Shrewsbury is the County Town of Shropshire and is an established tourist and administrative centre. The property is situated within close proximity of a number of the town's main car parks.
DESCRIPTION
The property comprises a ground floor restaurant extending to 39 m sq (420 sq ft) and offering 40 seated covers and a bar/servery area.
The kitchen extends to 23 m sq (248 sq ft) and comprises all equipment/fixtures and fittings associated with an Indian restaurant and takeaway.
There is a seated area for takeaway customers extending to 7 m sq (75 sq ft) and comprising built in seating/soft furnishings.
Externally, there is dedicated parking and bin stores.
The business has traded and built an enviable reputation with a 30 year tenure, and is only offered for sale due to retirement.
BUSINESS
The business traded YTD 2018/19 with a turnover of £210,000 per annum, showing a net margin of circa 33%.
All fixtures and fittings are to be included within the sale and a full inventory list will be provided to any interested parties.
PROPERTY FACTS
Sale Type
Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,376 sq ft
Costar Property Class
B
Year Built
1920
Price
£49,995
Price per sq ft
£36.33
Tenancy
Single
Number of Floors
4
Plot ratio
0.39
Total Plot Size
0.08 ac
Frontage
37 ft on Wyle Cop
AMENITIES
- EPC - E
1 1
NEARBY MAJOR RETAILERS
-
Halls Holdings Limited
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40 Wyle Cop
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