Offers in the region of £200,000 had been invited for the long leasehold interest.
“We are now delighted to have sold the ground floor to Studio 39, who have exciting plans to shortly open what will be a new art hub in this popular area of Shrewsbury.”
He added: "Our client for whom we were acting has completed a very impressive development on the site, with residential apartments built on the upper floors.
It occupies what used to be the site of the Hen & Chickens Public House.
Toby Shaw handled the sale of the ground floor premises, which provide total accommodation of 1,405 sq ft.
“It will also provide art lessons, tutoring and focus groups. It will be operational in time for the Easter holidays.”
A company spokesperson said: "The studio will be the home to 'Bloom - art to music for children' and its adult equivalent Champart.
Towler Shaw Roberts completed the sale of the property, with the owners of Studio 39 looking forward to launching their new venture.
Studio 39 will be based on the ground floor of a modern three-storey building at 39 Longden Coleham, within walking distance of the town centre.
An exciting new art hub which will cater for all age groups will open in Shrewsbury in time for the Easter holidays.