Mixed Use
Occupying a prominent corner plot position is a mixed commercial/residential end terraced property situated within literally yards of the town centre.
The property has recently become vacant and lends itself to conversion to full residential usage. We are informed by the sellers that there were plans drawn up to convert the shop into a self-contained flat with a rear separate studio and that combined with the first floor flat could potentially provide a high yield investment opportunity.
Constructed of traditional brick beneath a pitched tiled roof, the accommodation consists of a ground floor retail shop with glass counter, a 22' passageway which has access leading out onto the outside, separate wc and steps lead down to a large store room which measures 24'4" x 10'3" that lends itself to residential conversion (stpc). The first floor flat is accessed from the outside ground floor entrance with walk-in cloaks and staircase leads to a spacious landing area opening through to a lounge, fitted kitchen, bathroom and bedroom. There is potential for reconfiguration to two bedroomed accommodation subject to usual building regulations. Outside there is gated access to the side leading to a good sized enclosed garden.
The property is situated in an established residential location just off Chalons Way and also within easy reach of the town centre. Excellent freehold commercial/residential investment opportunity.
With glazed window and door to front, glass counter.
Please note this is L-shaped with door to the side, stainless steel sink and drainer and separate wc. There are steps leading down to a -
With radiator to rear.
Comprises -
Entered by an obscure PVC door.
With three uPVC double glazed windows, wall mounted fire, central heating radiator.
Smoke damaged due to recent fire and in need of full refurbishment. We are informed by the seller because of smoke damage, insurers wish to exclude fire damage until repairs have taken place.
With three piece suite in white comprising a panelled bath with mixer tap shower attachment, low level wc, pedestal wash hand basin, tiling to walls and central heating radiator.
With uPVC double glazed window to front and central heating radiator.
In our opinion the first floor accommodation could be reconfigured to provide two bedrooms subject to usual planning and building regulations.
There is gated access to the side of the property leading to a good sized enclosed garden. There is potential for an extension (stpc).
The property is sold as seen. There is a 999 year lease from 04.09.2001 for the wall hoarding (between points A & B) on the land registry plan.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fees apply:
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
