For Sale - The Old Armoury, Market Drayton

Auction Guide Price £40,000

Property Summary

Property Description

FOR SALE BY MODERN AUCTION METHOD & WITH NO UPWARD CHAIN - ONE BEDROOM GROUND FLOOR APARTMENT - AN IDEAL FIRST TIME BUY OR RENTAL INVESTMENT!! This property will be offered for sale on Wednesday 28th March at The Molineux Stadium, Wolverhampton. Registration from 6pm with the auction starting at 7pm.

Property Full Details

PROPERTY ****This property will be offered for sale on Wednesday 28th March at The Molineux Stadium, Wolverhampton. Registration from 6pm with the auction starting at 7pm.****

For sale by modern auction method - Flat Two, The Armoury is a well presented ground floor apartment providing an ideal opportunity for a rental investor or first time buyer. The accommodation includes an entrance hallway and an open plan lounge/dining area and kitchen. There is also a bedroom and shower room. The property benefits from electric storage heating, Upvc double glazing and allocated parking. Also with no upward chain a viewing is essential for you to appreciate all it has to offer!

LOCATION Market Drayton is a popular North Shropshire market town on the Staffordshire/Cheshire borders. It is on the River Tern, between Shrewsbury and Stoke on Trent and was formerly known as Drayton in Hales and is listed in the Domesday Book. In 1245 King Henry III granted a charter for the weekly Wednesday market, giving the town its current title. The market is still held every Wednesday. The Shropshire Union Canal runs through the town and Market Drayton offers a wide variety of amenities such as schools, specialist and high street shops, supermarkets and health and leisure facilities. The larger centres of Newcastle under Lyme, The Potteries, Crewe, Stafford, Telford and Shrewsbury are all within commutable distance.



OPEN PLAN LOUNGE & KITCHEN 19' 0 max" x 14' 7 max" (5.79m x 4.44m)

BEDROOM 9' 10" x 8' 11 max" (3m x 2.72m)



ENERGY PERFORMANCE CERTIFICATE The full energy performance certificate (EPC) is available for this property upon request.

SERVICES We are advised that mains electric, gas, water and drainage are available with electric storage heaters. Barbers have not tested any apparatus, equipment, fittings etc or services to this property, so cannot confirm that they are in working order or fit for purpose. A buyer is recommended to obtain confirmation from their Surveyor or Solicitor.

HOW TO FIND THE PROPERTY Turn left out of our office into Maer Lane and turn left at the next mini island onto Cheshire Street. At the next mini roundabout turn right into Frogmore Road. Continue along Frogmore Road onto Shrewsbury Road, continue past the row of shops on the left hand side where the property will be found and can be identified by our for sale board.

TENURE We are advised that the property is Leasehold and this will be confirmed by the Vendors Solicitor during the Pre- Contract Enquiries. Vacant possession upon completion. Length of lease - 99 years from 28th January 1983 - 64 years remaining.

METHOD OF SALE For sale by modern method of auction.

AUCTIONEERS NOTES This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% to a minimum of £5,000.00 + VAT (£1,000.00) = (£6,000.00) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by West Midlands Property Auction powered by iam-sold Ltd.

LOCAL AUTHORITY Council tax enquiries, Revenues & Benefit, Shropshire Council, Shirehall, Shrewsbury,
SY2 6ND. Tel: 0345 678 9002

VIEWING ARRANGEMENTS By arrangement with the Agents Office at Tower House, Maer Lane, Market Drayton, TF9 3SH
Tel: 01630 653641 or email:

DISCLAIMER PROPERTY DETAILS For clarification we wish to inform prospective purchasers that we have prepared these sales details as a general guide. We have not carried out a detailed survey nor tested the services, appliances, and specific fittings. Room sizes should not be relied upon for carpets and furnishings. The measurements given are approximate.

AML REGULATIONS To ensure compliance with the latest Anti Money Laundering regulations all intending purchasers will be asked to produce identification documents prior to the issue of sale confirmation.