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Opportunity summary
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About
A former traditionally built Smithy in centre of the popular town of Oswestry. Currently utilised as a recording studio and offices, the building could be used for a number of uses, (STPP).
The property provides ample parking for several vehicles. Directions - The property can be found at the rear of Prezzo's Restaurant in the centre of town on Church Street.
Vehicular access is via the archway adjacent. Situation - The property is set in the centre of the picturesque borderland town of Oswestry in a tucked away location.
The town is the third largest in Shropshire with a former Borough popular of approximately 33,000 and town population of approximately 17,500 and has a wealth of character and facilities on offer.
The town also benefits from easy access onto the A5/A483/A495 leading to the larger towns of Shrewsbury, Telford and the Midlands and north to Wrexham, Chester and beyond.
Description - The property comprises a former traditionally built, brick and stone Smithy.
The property has been refurnished by the current owners sympathetically but has retained its historic purpose, where possible. As a result the building received a Civic Society Award at the time.
One of the building's main features are the original cast iron windows. Ground Floor - Double timber doorway entrance into a small foyer.
Recording Room - 5.19m x 5.11m max (17'0" x 16'9" max) - With heavy sound insulation, ceiling mounted air conditioning unit, sliding glass doorway through to: Principal Room - 4.56m x 6.74m (14'11" x 22'1") - With acoustic block walling, heavy sound insulation, acoustic sloping ceiling, storage space.
Kitchen/Diner - 3.19m x 3.72m (10'5" x 12'2") - With separate fitted kitchen with surfaces, cupboards with single drainer sink unit. WC off with wash hand basin.
Principal Recording Room - 5.72m x 5.33m (18'9" x 17'5") - With substantial double glazed archway entrance to parking area, feature original heavy timber beams, air conditioning unit and perimeter trunking.
Floor to ceiling height approximately 5.7m. Storage Area - 2.69m x 1.59m (8'9" x 5'2") - With incoming 3 phase electrical supply. Staircase to mezzanine above.
Total gross internal floor area approximately 1,450 sq.ft. / 134.71 m.sq Net internal floor arear approximately 1,311 sq.ft/ 121.80 m.sq.
First Floor - Accessed internally from the buildings and separately via a high quality cast iron external staircase.
Note that this is a solid pre-cast Bison beam and block floor, sound insulated and incorporating services below.
Main Office Room - 12.95m x 5.72m (42'5" x 18'9") - In a residential conversion, this could easily form a number of bedrooms.
Staff Meeting Room/Kitchen - 2.50m x 2.0m (8'2" x 6'6") - With fitted kitchen and seating area. Galleried Area - 4.26m x 1.85m (13'11" x 6'0") - Overlooking the principal recording room.
Separate Ladies And Gents Wc - Gross internal floor area approximately 1,009 sq.ft / 93.69 m.sq. Net internal floor area approximately 965 sq.ft. / 89.65 m.sq.
Total Net Internal Floor Area Approximately 2,276 sq.ft. / 211.45 m.sq.
Outside Area - The building has a substantial gravelled area to the front which, if used only for parking would create around 7 spaces or could equally well be used for amenity and gardens.
There is a pedestrian right of way via an adjoining separate alleyway leading onto Church Street, and a main vehicular access lane which is within the title.
This leads onto Church Street via a right of way. General Remarks - Tenure - The freehold interest with vacant possession of the entire building and land.
Business Rates - The building has a rateable value of £11,000.
The present owner does not have to pay rates for 2024/2025 as they are classed as a small business and therefore fall under the threshold.
Interested parties should speak to the local Council - Shropshire Council on , to ascertain what level of business rates will be applicable. Concessions may apply.
Services - Mains electricity, water and drainage are understood to be connected. No services have been tested.
Viewings - Strictly by appointment via the Agents, Halls, 20 Church Street, Oswestry, SY11 2SP - .
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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Deal
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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.
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Area
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FAQ
About Church Street, Oswestry, SY11.
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