Summary - 166 Frankwell, SHREWSBURY SY3 8LG
1 bed 1 bath Commercial Property
Income-producing Tudor Revival property with conversion potential, subject to consents.
Fully income producing — current rent £31,200 per annum
A prominently sited mixed-commercial investment in Shrewsbury’s sought-after Frankwell, this Grade II listed property is fully income producing and offers immediate rental return. The building currently houses a restaurant across lower ground, ground and first floors plus a separate consultancy/office suite with its own entrance, together delivering an annual rent of £31,200. Its historic Tudor Revival character and town-centre edge location make it highly visible and appealing to operators and visitors.
For an investor, the property offers clear asset-management upside. The accommodation totals approximately 1,671 sq ft (net internal areas provided for key parts) and benefits from excellent mobile and fast broadband connectivity, proximity to Frankwell public car park and strong pedestrian frontage. There is scope—subject to statutory consents—to reconfigure or repurpose parts of the building, including potential residential conversion, which could add value over time.
Important considerations are presented plainly: the building is Grade II listed and lies within a conservation area, so any alterations will be constrained and approvals will be required; the listing is specifically noted as likely to cause difficulties. The site has a small plot footprint and the wider locality records above-average crime levels. Viewing is strongly recommended to appreciate the internal character and configuration.
Offered freehold at £395,000 with a current rent roll of £31,200 per annum, this property is aimed at investors seeking an income-producing, character asset in a central Shrewsbury location with medium-term refurbishment or re-use potential. Professional advice is advised before pursuing change-of-use given the listing and conservation constraints.
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