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£335,000Freehold

15 Cheshire Street, Market Drayton, Shropshire TF9 1PD

435.6 Sq ft.
  • Commercial investment opportunity
  • Prime retail location
  • Located in the town centre of the market town of Market Drayton
  • Further asset management potential
  • freehold

■ Comprising a well presented property currently in use as a Chinese restaurant and take-away business
■ Prominently located within Market Drayton town centre
■ Total Site Area 0.01 acres (0.004 hectares) offering further asset management potential
■ Upper floors offering residential potential subject to statutory consents

The property comprises a two storey detached building with staff parking to the rear, sitting on a site area of approximately 0.01 acres (0.004 hectares). The property was formerly a bank and was converted to a restaurant in 2003.
The upper floor currently provides toilets and stores with significant potential for residential conversion subject to statutory consents. The property is of traditional construction and sits on a general site area of 0.01 acres (0.004 hectares), which benefits from vehicular access.

The ground floor consists of seating and bar area, finished with suspended ceilings, air-conditioning, wood effect laminate and carpet finishes. The property provides a 50 cover restaurant.

To the rear of the restaurant is a generous sized kitchen with stores area.

SITUATION
The property is prominently located on Cheshire Street in the centre of Market Drayton. Cheshire Street is the prime retail pitch in the town centre.
The total population of Market Drayton is 11,773 (2011 census), which is an increase of 8.1% on the 2001 figure and indicates that the town is growing faster than the county average and major employers in the town include Müller and Kerry Group.
Market Drayton is a north Shropshire market town, located approximately 20 miles north east of Shrewsbury, 14 miles south west of Newcastle-under-Lyme and 22 miles north of Telford. The town benefits from excellent road communications being located on the A53, which connects Newcastle-under-Lyme with Shrewsbury.
The town is seeing significant inward investment in areas such as Tern Valley Business Park.

INVESTMENT SUMMARY
1. Prime retail location in Market Drayton
2. Established tenant trading as restaurant and take-away from well fitted out premises
3. Generous site area of 0.01 acres (0.004 hectares)
4. Asset management potential through extending the premises or conversion of the upper
floors to residential use (subject to statutory consents)

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