52 Cheshire Street, Market Drayton, Shropshire, TF9 1PR
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£165,000+
Key Features
- An opportunity to acquire a freehold commercial investment property
- Comprising a modern two storey shop with offices above
- Total current rent reserved of £18,500 pax
Part of the
25 April 2024
auction
The Nottingham Racecourse
at
2.30PM
An opportunity to acquire a freehold commercial investment property in the retail centre of Market Drayton with a total current rent reserved of £18,500 pa.
- Prominent location on Cheshire Street adjacent to Boots
- Close to Lloyds Bank, WHSmith, Iceland & Greggs (Among others)
- In the retail centre of Market Drayton
- Comprising a modern two storey shop with offices above
- Ground floor newly let to Severn Hospice
- Shop benefits from a return frontage with good window displays
- Sales area approximately 1,245 sqft
- Rear stores, offices & kitchen 706sqft
- Self contained first floor offices (well appointed)
- Office let to Halletec Environmental (Mineral surveyors)
- Providing both open plan & cellular office space
- Large staff kitchen, WC's & XXXXXXXXXXx room
- Wide staircase & lobby at ground floor
- Offices extend to approximately 1,766sqft
- Close to Morrisons, Lidl & DHL Courier services
- High Yielding investment opportunity
- Ideal for inclusion within SIPP (Pension).
Contact Auction Estates on 0115 7844 600
Fees
A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Freehold, subject to the occupational tenancies. The ground floor is let to Severn Hospice Limited (01608025) for a term of 10 years from January 2024 at a rent of £13,500pax. The first floor office is let to Halletec Environmental Limited (06847303) for a term of 5 years at a rent reserved of £5,000 pax.
Refer to Legal Pack