Frankwell, Shrewsbury, Shropshire, SY3

Location! Location! Location! 

Situated on the highly desirable central west side of Shrewsbury's historic town centre, this property is just a stone's throw from the town centre in Frankwell. Walk across the Welsh Bridge to Shrewsbury's vibrant town centre, offering an abundance of boutique shops and quirky independent stores tucked away in medieval alleyways. The town also boasts a fantastic array of cafes, restaurants, and wine bars, many of which sit right on the riverside. Don't forget the famous Quarry Park, which hosts superb events throughout the year.

Within walking distance of some of Shrewsbury's most well-respected schools, sites, and attractions, living in Frankwell is a lifestyle choice. It sits in the heart of Shrewsbury, yet is just far enough away, surrounded by historic buildings that form the character and history we all love in Shrewsbury. Take a short walk and you can be sitting on the decking of The Boathouse next to the River Severn, enjoying a drink and some fantastic food.

Being within walking distance of the train and bus stations is a real bonus; now add easy access to Shrewsbury's major roads heading west and south without even crossing the town centre.

A little bit about the property

This property is not just super-sized; it has so many options. Currently, the ground floor is used as a large retail shop with a separate stock room and a downstairs room that can be used as an office. The first floor is a very large two-bedroom apartment with a spacious kitchen-lounge-diner and a lovely bathroom, and bedroom two has its own WC.

From the first floor, a separate stairwell leads to additional accommodation: a very useful studio apartment with its own en-suite shower room. It is worth noting that each floor has its own access.

From an Investment Point of View 

This property has all the potential to generate a good return. We believe the shop portion could be rented out for around £2,000 per month, and the vendors already have an interested party. The first-floor apartment could also generate a minimum of £850 per month, and the studio apartment could generate £600 per month. That is a minimum expected yield of £3,450 per month, or £41,400 annually.

There is also the potential to convert this property, with the correct planning consent, into three apartments or a single house.

From a Homeowner's Point of View 

If you look at what this could become as a home, it is very exciting. With a total of 243 sq metres of living space, you could create—again, with the correct planning consent—something very special. Imagine a bright and airy open-plan ground floor utilising the front bay windows, an inner hallway with a large living room and kitchen-diner on either side, a separate utility room, and a playroom or study.

The stairs to the first floor are wide and have lots of character. A rejig of the first floor could create three very large double bedrooms—and why not add an en-suite as well? This floor also has some great character features, including exposed wooden beams.

Now, the second floor offers multi-generational living or the opportunity to generate extra income as a holiday let. That's food for thought! 

To top it off, the front of this property has real curb appeal, has lots of character, and complements the historic feel of Frankwell.

Conclusion 

This is not just a property; it is an opportunity for investors or someone with vision who wants to create an iconic home in one of Shrewsbury's best locations. Converting this property into a house has the potential to add tremendous value, again with the correct planning consents.

This property is sold subject to payment of a non-refundable reservation fee of 4.5% to a minimum of £6,600.00 including VAT.

Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.

A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.

This property is being sold under the Modern Method of Auction, which requires the Completion of the purchase within 56 days, although all reasonable endeavours must be made to Exchange Contracts within immediately following the Draft Contracts being received by the Buyer's Solicitor

A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement in the 56 day period following the auction or the date of acceptance of the offer.

Buyer Information Pack

If the Buyer Information Pack has been produced and provided by iamsold any successful purchaser will be required to pay £349.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.

Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

HOW TO ARRANGE A VIEWING:

Feel free to give Ewemove Whitchurch & Nantwich a call, and we will be happy to arrange a viewing at a time that is convenient for you. You can do this 24/7; please don't hesitate to give us a call or email, and we will gladly help.

Services: We understand that the property has mains electricity, mains gas heating, mains water and mains drainage.

This property has commercial registration status  

Parking: On-street (note the vendor currently rents a private parking space).

Rights of way: We believe there are no rights of way. The courtyard is enclosed.

Tenure: Freehold

Local Authority: Shropshire 

Council Tax Band: 15 Mbps, Superfast 80 Mbps, Ultra fast1800 Mbps

Flood Risk: Very Low.

Conservation Area: We believe this property is located in a conservation area

Construction: Standard

Electricity: mains

Water: mains

Sewerage: mains

Heating: Mains Gas 

Phone signal - EE, 3, Vodafone, O2 signal here

Sky/Cable: BT and Sky

PROPERTY INFORMATION AND SERVICES: We believe this information to be accurate but it cannot be guaranteed. All measurements quoted are approximate. Fixtures, fittings and services have not been tested.

ANTI-MONEY LAUNDERING: Should a purchaser have an offer accepted, they will need to meet our legal requirements under Anti-Money Laundering Regulations (AML). We use a specialist third-party service to verify your information and the cost of these checks is £30 per person, which is paid in advance, when an offer is agreed and before a memorandum of sale is produced