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26 Market Street, Crewe CW1 2EL

Lot no: 56 Postponed
 

Guide Price £140,000+ plus fees

UnconditionalOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Wednesday 23rd October 2024

9.00am
Key Features
  • Currently configured as office space (1,152 sq ft)
  • Potential for residential (Subject to planning)
  • Rear Loading area
  • Close to national retailers such as Nationwide, Subway and Costa Coffee
  • EPC Rating: B
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Postponed

Mixed Use

Property Description:

A freehold mid terraced retail unit with 1,151 sq ft of ground floor usable space. The property is currently laid out as offices with partitioned walls and a sectioned off
customer waiting area at the front, all of which can be removed to create an open plan sales area.

The premises benefits from frontage onto Market Street and a rear loading area off Sandon Street, air conditioning to the sales area and electronically controlled security doors to the front.

We are advised there may be a highstreets grant, available via Cheshire East
Council. Up to £30,000 is available to pay for refurbishment, equipment and a new shop.
We have not verified this but its worth making independent enquiries.

The retail unit is located in the middle of Crewe town centre close to national retailers such as HSBC, Nationwide, New Look and Coral. The site is also within 100 yards of the new bus station and multistorey car park. Crewe is a University town with a population of around 75,000 people and is currently undergoing huge regeneration with a scheme agreed in 2017 to drastically improve the area. The regeneration includes demolishing some of the older retail buildings and the old bus station and replacing these with a new bus station as well as a large multistorey car park, all of which will significantly improve
the area.

Ground floor sales

482 sq ft

Front office

141 sq ft

Middle office

128 sq ft

Rear office

128 sq ft

Kitchen and seating

108 sq ft

Cupboard

22 sq ft

Internal corridor

143 sq ft

WC
Total

1,152 sq ft

Note:

The drawings shown are proposed plans only. Any drawings will need to be submitted for planning permission approval.

Tenure:

Freehold. Vacant possession upon completion.


Utilities Information
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply


Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

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 auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers 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.