UNDER OFFER - Compasses Inn, Long Row, Shrewsbury, Shropshire

Location

The property is located in the heart of an established residential area just off the A5191, a main arterial route running into Shrewsbury Town Centre from the A49 in the north-east.

The property can be found at What3Words: united.rams.final

Description

Trading as a Public House, the property features two large lounge bar areas one on either side of the centre of the building. The space is supported by Male and Female toilets. There is a large ground floor beer cellar and supporting store areas. To the rear is ground floor residential space comprising a lounge and a kitchen. Stairs rise to the first floor where there are three bedrooms, a box room, a bathroom and a separate WC.

To the left hand side and to the rear is a surfaced yard area for customer seating. To the rear right is a private garden area for the residential element.

Accommodation

The gross internal area of the ground floor is circa 2,945 sqft (273.0 sqm) with the first floor circa 630 sqft (58.5 sqm).

The left hand side public bar area is circa 698 sqft (64.89 sqm) and the right hand side bar area is circa 598 sqft (55.60 sqm).

Planning

It is assumed that the property has planning for its current use as a public house with residential accommodation.

The site could possibly be redeveloped subject to planning to retain the existing structure converted into residential uses or demolished to make way for new build.

All interested parties are advised to make their own planning enquiries.

Vacant Possession

The property will be sold with vacant possession at completion.

Services

The property is connected to mains water, electricity, gas and drainage.

Tenure

The property is held freehold under title SL123351. A copy of the title plan is provided.

EPC

An EPC has been commissioned and will be issued when available.


Business Rates/Council Tax

The property has both a Business Rates assessment and a Council Tax assessment to reflect the two key areas.

Business Rates – the property has a Rateable Value (w.e.f. 1st April 2026) of £7,300 with a description of Public House and Premises.

Council Tax – the property – the residential element – has a Council Tax band of A for which the annual charge effective 1st April 2026 will be circa £1,714.83.

VAT

As far as can be determined, the property is not registered for VAT.

Price

Guide price - £200,000.

Legal Costs

Each party will be responsible for their own legal and professional costs incurred in connection with this sale

Method of Sale

The vendor’s solicitor will compile a “legal pack” which will contain all the necessary documents for the buyer to make a judgement as to whether or not they wish to proceed. This pack will contain: a draft contract, draft transfers and searches. As the Receiver has no prior knowledge of either the site or the building, no CPSEs will be provided to or expected from the buyer’s solicitor.

The vendor will make their choice of any bids received and they reserve the right to choose any bid irrespective of the monetary value.

The chosen bidder will receive the legal pack and will have 10 working days in which to exchange contracts unconditionally and will then have 28 days (or longer by negotiation) to complete the purchase. The contract will be exchanged at 10% of the value of the accepted bid.

Viewing

By prior appointment. Interested parties should be aware that block viewings will be conducted.