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45-47 Shrewsbury Road, Market Drayton, Shropshire, TF9 3DN

Mixed use investment in Market Drayton

Guide price*

£190,000+

Plus fees

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Lot 128 Commercial Investment Mixed Use
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Auction details:

Wednesday 8th December 2021 @ 09:00AM

Livestreamed Auction

A Well Presented Mixed Commercial & Residential Part Let, Part Vacant Investment Opportunity with a Rear Building Plot, having the benefit of planning permission

Property Description

The property comprises a mixed use investment opportunity, together with a rear building plot. No. 45 is a long established and popular fish and chip shop run by the current owner for over 20 years and will remain trading until completion. The accommodation is currently configured to provide the main shop area with serving counter and waiting area. To the rear is the main preparation area, including walk in fridge/freezer, there is an additional storage/office area with access to the rear courtyard and garage. We understand that all equipment will remain and as such an immediate continuation of its existing use as a fish and chip shop would be possible or it is also considered suitable for conversion to a residential use, subject to obtaining the appropriate planning permission. No. 47 comprises a deceptively spacious self-contained living accommodation with the potential to sell separately from the commercial element. The accommodation comprises a spacious porch entrance/hallway, lounge, fitted kitchen/diner. On the first floor there is a landing, four good sized bedrooms (one en-suite shower room) and family bathroom. The property benefits from having a gas fired central heating system. There is a rear fenced garden and parking beyond, accessed from the rear. To the rear of both properties, there is a development plot, which is accessed from Salisbury Road, the foundations of which are laid and the current planning permission allows for a detached building comprises two garages with a two bedroom flat above. It is considered this could be amended, subject to planning permission to comprise two apartments.

Location

The property lies to the southern side of Shrewsbury Road within a well established residential neighbourhood, a short distance from the centre of Market Drayton.
Market Drayton is a market town in the north of Shropshire, close to the Cheshire and Staffordshire borders.

Energy Performance Rating

D.

Tenure

Freehold.
No. 45 will be available with vacant possession upon completion.
No. 47 is let by way of an Assured Shorthold Tenancy, at a rental figure of £795 per calendar month - £9,540 per annum.

Planning

The property benefits from planning permission granted by Shropshire Council on 28th July 2016, application number 16/02554/FUL, for the erection of a detached building to provide two garages and access to car parking area, together with provision of 1st floor apartment, following demolition of existing outbuildings. Works have commenced and concrete foundations are laid.

Value Added Tax

VAT is not chargeable on this transaction.

Auctioneers Note

Please note offers may be considered prior to the Auction Sale.

Remote Bidding Auction

This property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.

Viewings

Strictly by appointment with the Auctioneers.
DISCLAIMER

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

REMOTE BIDDING AUCTION

Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only.  You must pre-register to bid for each auction no later than 24 hours prior to the auction.  Please click here for further details.

*DEFINITION OF GUIDE & RESERVE PRICE

All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

COSTS AT AUCTION

When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for
the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’.  Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Remote bidding registration