5 High St Local commercial 117 m² À vendre Ellesmere SY12 0ES 1 341 499 € (11 514,97 €/m²)

Description
The property comprises of a large prominently located part three, part two and part single storey part Grade 2 listed property with two basement areas. The property is arranged on the ground floor to provide a large public bar area with cellarage, a restaurant that provides the potential for over 80 covers, commercial kitchen and toilets and ancillary stores and accommodation. The upper floors are arranged to provide twenty letting rooms including currently a proprietor flat.
The size and potential of the property can only be appreciated by undertaking an internal inspection of the property. The property benefits from a large external seating area to the rear of the property and approximately 8 car parking spaces. The property is located at the rear immediately adjacent to the public car park that serves the town centre of Wem.
The property provides extensive accommodation with a Total Gross Internal Floor Area of approximately 1,314 m sq (14,145 ft sq).
The property is free of tie and has been subject to an ongoing scheme of improvement and refurbishment works and is well presented.

Location
The property is prominently located fronting onto High Street in the lovely town of Ellesmere, where all local amenities are available. High Street serves as one of the main retail streets in the lovely town of Ellesmere with the surrounding occupiers including Ismays, ADT, Ellesmere Dental Practice, Shropshire Fish Bar and Halls.
Ellesmere is an established tourist town that is in Shropshire near to the Welsh border.
The town is located approximately 15 miles northwest of the county town of Shrewsbury, approximately 8.5 miles northeast of the town of Oswestry and approximately 12 miles southeast of the city of Wrexham. The town is in proximity of several prominent meres. The town is located by the side of The Mere, one of the largest natural meres in England outside of the Lake District. There are eight other meres close by and the town benefits from being surrounded by lovely countryside and walks.
The town had a population of 3,835 at the 2011 census. The A495 and A528 roads cross in the town of Ellesmere. The town lies beside the Llangollen Canal, the canal terminates just outside Llangollen after passing through the 18km World Heritage site. The nearest railway to the town is at Gobowen.

Business
The business is long established and has been run by the existing proprietors for over 17 years and is only reluctantly offered for sale due to retirement. The business trades offering a spread income base from wet sales, dry sales and letting accommodation.
Please see below the link to the website of the business.
Ellesmere Hotel - Ellesmere Hotel, Ellesmere, Shropshire.
The business is run by the proprietors with two full time staff and a variety of casual staff- further details are available from the selling agents upon request.
The business trades on the following hours currently:
Monday- Thursday 4pm to 11pm
Friday 4pm to 1pm
Saturday 12am to 12.30pm
Sunday 2pm to 11pm
The business has a licence that allows it to trade from 10am to 2am, there is therefore significant potential to increase the hours of trading.
The business is free of tie.
The business for the financial year ending April 2024 had a turnover of approximately £425,000. There is significant potential to increase the turnover of the business through extended opening hours and intensified use of the letting rooms. Further financial information including audited trading accounts are available from the selling agents upon request.

Fixtures & Fittings
An inventory of fixtures and fittings that are included in the business sale can be made available from the selling agents upon request.

Planning
The property is understood to benefit from its planning consent as a hotel/letting rooms with licenced premises that falls within Use Class C1 and Use Class Sui Generis of the Town and Country Use Classes Order 1987. The property is understood to be Grade 2 listed.

Services
All mains services are understood to be connected to the property. The property is understood to benefit from gas fired central heating. The property has the benefit of three phase electricity.

Tenure
The property is offered for sale freehold with vacant possesion.