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The Alb, 14 Smithfield Road, Shrewsbury, Shropshire SY1 1PB

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The Alb, 14 Smithfield Road, Shrewsbury, Shropshire SY1 1PB FOR SALE - OFFERS IN EXCESS OF £700,000 The Alb, 14 Smithfield Road, A rare opportunity to acquire a historic prominent trading public house in the centre Shrewsbury, Shropshire of the sought-after town of Shrewsbury SY1 1PB FOR SALE The Alb, 14 Smithfield Road, Shrewsbury, Shropshire SY1 1PB A rare opportunity to acquire a traditional, prominent, popular Public House located in the centre of the sought-after, historic town of Shrewsbury SUMMARY 1. The opportunity provides a substantial freehold property, located in the centre of the sought after town of Shrewsbury and comprises a sizeable building currently arranged as a public house, with sizeable owner accommodation. 2. Further asset management opportunities in the future within the property including the potential use of the owners' residential accommodation for alternative uses. 3. An opportunity to acquire a prestigious trading Public House in Shrewsbury town centre. HALLSGB.COM 01743 450 700 FOR SALE The Alb, 14 Smithfield Road, Shrewsbury, Shropshire SY1 1PB SITUATION The property is situated fronting onto Smithfield Road in close proximity of Shrewsbury Railway Station on the north-east edge of the town centre of Shrewsbury and in close proximity to tourist attractions, such as Shrewsbury Castle. The property is located within the established night-time circuit serving the town of Shrewsbury. The surrounding occupiers include a number of complimentary occupiers, such as The Buttermarket Nightclub, The Station Hotel, Platform Cocktail Bar and Sweet Dessert Shop. Shrewsbury is the birthplace of Charles Darwin and boasts over 600 listed buildings, including the Castle and the Abbey. There is vibrant entertainment all year round, with a wide range of events throughout the year, including the International Cartoon Festival in April, Shrewsbury Food Festival in June, the Flower Show in the middle of August and the Shrewsbury Folk Festival at the end of August, as well as various family activities throughout the year. The town has just become a university town, and has recently been voted the eigth ‘Happiest Place to Live in the UK’ from more than 200 towns and cities throughout the country. Shrewsbury is also proud of its prestigious Purple Flag status for its evening and night-time economy. Purple Flag is a town and city centre award, similar to the Blue Flag for beaches, which aims to raise the standard and broaden the appeal of town and city centres after 6pm. Shrewsbury is described as a ‘very safe and secure town’ with a mix of unique and quirky venues, independent and chain bars and real ale establishments, with over 20 venues CAMRA listed. Shrewsbury is the county town of Shropshire with a borough population in excess of 90,000 people and an estimated retail catchment in excess of 250,000 people within 30 minutes drive time. The Shropshire Tourism Economic Impact Assessment estimates that in excess of 2.5 million people visit the town annually with an estimated tourism spend of £130,000,000. HALLSGB.COM 01743 450 700 FOR SALE The Alb, 14 Smithfield Road, Shrewsbury, Shropshire SY1 1PB DESCRIPTION The property offers a prominent, well-presented, trading, historic public house in the centre of the sought-after town of Shrewsbury. The premises are arranged to provide a bar area, snug and ancillary accommodation on the ground floor, a cocktail bar with 4 serving stations, restaurant and bar area on the first floor, and on the second floor there are two flats currently used by the vendors, offering further commercial potential. The property benefits from an outside yard area and outside seating area at the front of the premises via a pavement licence. The property has extensive upper floors, which are currently arranged as owner’s residential accommodation but could be used for alternative use, subject to any statutory consents. The building comprises a part four, part three storey end of terraced property. BUSINESS The business is only reluctantly offered for sale due to the retirement of the owners. The owners have established a thriving public house with an enviable reputation set in the centre of Shrewsbury's night-time circuit. The business offers a public house and cocktail bar area. Within the main bar area the vendors have established a thriving bar serving cocktails, traditional beers, ciders, lagers and a wide range of spirits. They also use the upstairs Cove bar for a range of different and popular cocktail making demonstrations. The business has engaged with social media and more can be learnt about it from the website: https://www.thealb.co.uk/ The business is run by the proprietors with further managerial assistance from family members. Further details from the selling agents upon request. The trading accounts for the year ending 31st October2017 are approximately £775,000. Further financial information is available from the selling agents to genuinely interested parties upon request. HALLSGB.COM 01743 450 700 FOR SALE The Alb, 14 Smithfield Road, Shrewsbury, Shropshire SY1 1PB TENURE The property is offered for sale freehold with vacant possession. The property is owned under Title Number SL203098. There is a pavement licence enjoyed by the business. SERVICES (Not tested, prospective purchasers should make their own enquiries.) It is understood that all services are available to the property. PLANNING (Prospective purchasers should make their own enquiries.) The property benefits from use as a Public House. The property is understood to benefit from planning consent SA/08/0087/F for a timber pergola, which can be erected at the rear of the premises, providing a covered external drinking space in the current yard area. This area is accessed directly from the bar with level access for disabled users. There is also access via a side gate into the yard area if necessary. The current owners have held informal discussions with the statutory authorities relating to the possibility of the construction of a solid roof with 2 opening lantern ceiling lights over the rear yard. In principle this request is acceptable, subject to the statutory consents. A quote has been obtained from a local company to construct the roof for £5,800 + VAT. This area (marked with an X on the attached ground floor plan) could be used as an additional kitchen or customer seating area. The upper floors of the premises would lend themselves to a variety of uses in the future, subject to statutory consents. INTELLECTUAL INFORMATION An information pack relating to the business and property is available upon request from the selling agent. HALLSGB.COM 01743 450 700 FOR SALE The Alb, 14 Smithfield Road, Shrewsbury, Shropshire SY1 1PB EPC The EPC rating is D(97). RATEABLE VALUE Internet enquiries were made and we understand as follows: Rates Payable (2018-19) £4012.45 The current proprietor benefits from (SBR) Small Business Rates Relief. Interested parties are advised to make their own enquiries to the local authority. COUNCIL TAX The Council Tax Band of the residential accommodation is Band A. VAT All prices and figures are quoted exclusive of VAT. Any intending purchaser should satisfy themselves independently as to VAT in respect of any transaction. The property is understood not to be elected for VAT. PRICE Offers in the region of £700,000 (seven hundred thousand pounds). LEGAL COSTS Each party is to be responsible for their own legal costs in relation to this transaction. HALLSGB.COM 01743 450 700 FOR SALE The Alb, 14 Smithfield Road, Shrewsbury, Shropshire SY1 1PB ACCOMMODATION (All measurements are approximate.) Ground Floor Bar Area and Servery (Seating for 40) Snug (Seating for 16) Corridor Bar Service Room Kitchen Kitchen Wash-Up Area Male WCs Female WCs First Floor Cove Bar (Seating for 20) Restaurant/Bar Area (Seating for 42) WCs Flat 1 comprising lounge, kitchen diner, bedroom and bathroom There is separate access to the rear of the flat Second Floor Office WC 2 Store Rooms Flat 2 comprising lounge, kitchen, bedroom, bathroom and store There is separate access to the rear of the flat Outside Rear Yard and seating on pavement for a minimum of 32 (under licence) HALLSGB.COM 01743 450 700 FOR SALE The Alb, 14 Smithfield Road, Shrewsbury, Shropshire SY1 1PB X HALLSGB.COM 01743 450 700 FOR SALE The Alb, 14 Smithfield Road, Shrewsbury, Shropshire SY1 1PB HALLSGB.COM 01743 450 700 FOR SALE The Alb, 14 Smithfield Road, Shrewsbury, Shropshire SY1 1PB HALLSGB.COM 01743 450 700 FOR SALE The Alb, 14 Smithfield Road, Shrewsbury, Shropshire SY1 1PB HALLSGB.COM 01743 450 700 FOR SALE The Alb, 14 Smithfield Road, Shrewsbury, Shropshire SY1 1PB LOCAL AUTHORITY Shropshire Council Shirehall Abbey Foregate Shrewsbury Shropshire SY2 6ND Tel: 0345 678 9000 FINANCIAL ACT 1989 Unless otherwise stated, all prices quoted are exclusive of Value Added Tax (VAT). Any intending purchaser should satisfy themselves independently as to VAT in respect of any transaction. HALLSGB.COM 01743 450 700 FOR SALE The Alb, 14 Smithfield Road, Shrewsbury, Shropshire SY1 1PB VIEWING Strictly by prior arrangement with the Sole Agent. For more information or to arrange a viewing, please contact : Huw Bevan E: [email protected] James Evans E: [email protected] 01743 450 700 IMPORTANT NOTICE Halls have advised their clients on the Code of Practice for Commercial Leases in England making his or her own enquiries in this regard. iii) Neither Halls nor any of their employees has any authority and Wales. Halls, for themselves and for the vendor of this property, or as the case may be, lessor whose agent to make or give any representation or warranty whatsoever in relation to the property. iv) The images show they are, given notice that: i) These particulars are intended for guidance only. They are prepared and issued only certain parts and aspects of the property at the time they were taken/created.
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