Mixed Use
An opportunity to acquire a superb freehold Grade II building with an array of development opportunities within the historic market town of Bridgnorth in the West Midlands. This property presents a range of lucrative possibilities - whether as high-end residential apartments or as a bespoke hospitality destination in the heart of Bridgnorth.
This impressive 4 storey building is made up of 2 ground floor commercial units, one with an income of £6,000 paid in advance for the year 2025 and the other attracting a peppercorn rent, the upper floors form part of the development opportunity on offer, with some options below.
A unique opportunity to refurbish a period Georgian building dating back to the early 18th century. The building, featuring classic architectural elements like brick quoins, sash windows, and gabled dormers, presents a variety of development options, including luxury apartments or a high-end hospitality venture.
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Property Features
- Period Georgian Architecture: Built in the early 1700s, the property retains original features such as sash windows and a corbelled roofline, giving it historical charm.
- Three Storeys and Attic Space: Offers ample opportunity for creative redevelopment, with stunning views over Bridgnorth High Street.
- Rear Extension: A later addition to the building provides further space that could be redeveloped or modernized.
- Separate Access: A distinct entrance via an elliptical archway offers potential for multi-use scenarios or added convenience for different property divisions.
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Development Potential
Luxury Apartments:
- Capacity to convert into 7 luxury apartments, with the potential for an 8th apartment above the rear extension.
- Each apartment could feature an open-plan lounge/kitchen and a large bedroom with an ensuite, maximizing light and space.
- The attic space can accommodate two apartments with varying proportions due to the dormer windows.
Short-Term Let (Airbnb) Potential:
- Prime Location: In the heart of Bridgnorth, a quaint market town attracting high visitor numbers, particularly during key events and tourist seasons.
- 13 potential suites furnished to a five-star standard, targeting high-calibre guests seeking luxury accommodation.
- Income Potential: Airbnb rentals could generate an estimated £424k annually with net being £254k (based on 4 days per week occupancy per room)
Alternative Use – Bed and Breakfast or Hotel:
- Space for up to 13 suites, with in-room breakfast options or a minimal kitchen facility.
- Event-Driven Demand: Bridgnorths popularity as a holiday destination presents a strong opportunity for consistent bookings, particularly during major events.
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Freehold. Part let/part vacant.
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.
