9-bedroom house · SY12 0AW
For saleListed 498 days
Opportunity summary
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About
A substantial and particularly versatile mixed use residential/commercial building providing around 3,300 sq ft of flexibly arranged accommodation accompanied by four independent one and two bedroom holiday lets, conveniently situated within the heart of Ellesmere.
Description - Halls are delighted with instruction to offer 31 Cross Street in Ellesmere for sale by private treaty.
31 Cross Street is a substantial three-storey mixed-use residential/commercial town centre property which provides around 3,300 sq ft of characterful and flexibly arranged accommodation with excellent scope for a variety of onward usages.
The property has, over the years, operated under a number of guises, including as a public house, with, most recently, the ground floor and basement serving as a popular restaurant, with living accommodation above.
In 2020, planning permission was granted for the conversion of a range of outbuildings to the rear of the building to become four independent holiday lets, these having been elegantly constructed soon after to now serve as a lucrative short-term rental portfolio.
The property and the accompanying holiday lets stand within a generous level of external space, this extending, in all, to around 0.17ac, with vehicular access provided directly from Cross Street onto an enclosed rear courtyard, this incorporating space for external dining and leading on to the holiday lets.
Situation - 31 Cross Street is conveniently situated with the heart of the popular lakeland town of Ellesmere which, by dint of its renowned Mere and surrounding canal network, stands as the jewel in the crown of north Shropshire tourism, with visitors drawn to the centre's idyllic setting and the town's many and varied amenities, including Supermarkets, Public Houses, and an array of independent shops, as well as cultural and artistic attractions.
Ellesmere is convenient for the county's larger towns, including Oswestry, Telford, and Whitchurch, as well as the surrounding county centres, with Shrewsbury, Wrexham, and Chester all reachable by car in around 40 minutes or less.
Schooling - Within a comfortable proximity are a number of well-regarded state and private schools including Ellesmere Primary School, Lakelands Academy, The Maelor School, The Madras School, Shrewsbury School, Shrewsbury High School, The Priory, Prestfelde Prep., Packwood Haugh, Adcote School for Girls, Moreton Hall, and Ellesmere College.
The Property - The property is entered into a generous ground floor which has, most recently, been utilised as a popular Greek restaurant, with the basement, ground floor and external areas benefitting from permission for restaurant use; with a door which opens into an impressive Reception Hall from where a door leads immediately to the right into a Dining Area with bay-window onto the front and double opening door which exit onto a rear terrace, alongside an impressive exposed brick fireplace.
Turning left form the Reception Hall, one enters a Bar/Lounge area with recessed bar and open fire.
The Reception Hall incorporates a number of Cloakrooms/WCs, as well as a further external door opening onto the terrace, this situated nearby steps which lead down to a useful Cellar (approx.
590 sq ft), and culminates at a Kitchen positioned to the rear of the property, this comprising a selection of units and a door which opens into a Store/Utility Area.
Stairs rise from the Reception Hall to residential accommodation situated across the first and second floor, with an impressive Reception Room with adjoining Snug/Office accompanied by Kitchenette and Shower Room, as well as three Bedrooms and a Bathroom.
The upper floors offer excellent potential (LA consent permitting) for conversion into smaller self-contained units or for use by the proprietor in connection with the commercial element of the business.
The Accommodation Comprises - - Ground Floor - Entrance Hall: Dining Area: 7.53m x 6.05m Bar Area: 6.01m, x 3.85m Kitchen: 5.13m x 4.53m Utility/Store Area: 2.61m x 2.12m Cloakrooms: - First Floor - Reception Room: 8.85m x 4.02m Study/Snug: 4.02m x 3.80m Kitchenette: 3.84m x 3.21m Shower Room: - Second Floor - Bedroom One: 6.50m x 4.04m Bedroom Two: 4.05mx 3.98m Bedroom Three: 3.85m x 3.23m Bathroom: Outside - The property is positioned within a generous level of external space, with the plot extending, in all, to around 0.17ac, or thereabouts, with pedestrian access provided immediately to the fore and vehicular/pedestrian access situated to the side of the property and entering, via double opening gates through a covered area with two-storey store to one side, onto a substantial rear courtyard which presently comprises a terrace, ideal for use as beer garden or external dining space, located alongside a covered dining area.
Philoxenia Mews - Positioned to the rear of 31 Cross Street are four independent holiday lets, these recently converted from a range of outbuildings to provide a lucrative short-term rental portfolio attractively positioned around a central courtyard (dimensions provided by EPC) 1 Philoxenia Mews - Approx.
45m2 (485 sq ft) Two-storey / One Bedroom Comprising: Entrance Hall, Kitchen/Living Room, Bedroom with En-Suite 2 Philoxenia Mews - Approx.
56m2 (602 sq ft) Two-storey / two-bedroom Comprising: Entrance Hall, Kitchen/Breakfast Room, Living Room, Bedroom One, Bedroom Two, Bathroom. 3 Philoxenia Mews - Approx.
38m2 (408 sq ft) One-storey / two-bedroom Comprising: Bedroom One and En-Suite, Kitchen/Living Room, Bedroom Two and En-Suite 4 Philoxenia Mews - Approx.
61m2 (656 sq ft) One-storey / one-bedroom Comprising: Kitchen/Living Room, Bedroom with En-Suite.
W3w - ///states.hacking.speeches Directions - From our Ellesmere office, proceed north along Cross Street where the property is positioned on the right of the Co-Op, identified by a Halls "For Sale" board.
Services - We understand that the property has the benefit of mains water, electricity, gas and drainage.
Tenure - The property is said to be of freehold tenure and vacant possession will be given on completion of the purchase.
Local Authority - Shropshire Council, Shirehall, Abbey Foregate, Shrewsbury, Shropshire, SY2 6ND Conservation Area - We understand that the property is located within the town's conservation area.
Viewings - By appointment through Halls, The Square, Ellesmere, Shropshire. Tel: .
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Cross Street, Ellesmere.
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