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For Sale -
Stafford Street, Market Drayton

Auction Guide Price £225,000

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For Sale by MODERN METHOD OF AUCTION - An Excellent DEVELOPMENT & RENTAL INVESTMENT OPPORTUNITY! A Three Storey PERIOD PROPERTY in Need of Complete Renovation. 4 One Bedroom Cottages with Communal Garden & Derelict Adjoining Outbuildings plus additional potential Cottage (previous Pipe Store Room).

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Market Drayton Branch

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Market Drayton Branch
Tower House, Maer Lane, Market Drayton, Shropshire, TF9 3SH
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Opening Hours
Monday to Friday: 8.45am to 5.30pm
Saturday: 9.00am to 4.00pm

Property Summary

  • Superb Development & Rental Investment Opportunity!
  • For Sale by Modern Method of Auction
  • Disused Shop, Office & Store Room
  • With Two Levels of Living Accommodation Above
  • Four One Bedroom Cottages
  • With Communal Garden Area
  • Pipe Store (Potentially a Further Cottage, Subject to PP)
  • Adjoining Derelict Outbuildings
  • Town Centre Location
  • EPCs Available

Property Full Details

PROPERTY A superb development and rental investment opportunity! For sale by modern method of auction is this amazing range of period properties which include a three story end terrace in the town centre of Market Drayton.

Previously used as a family run local business for many years the property includes a disused shop, office and storage room and two levels of living accommodation above which is in need of complete renovation. Also included are four one bedroom cottages within the vicinity, three of which are currently let and all share a communal garden to the rear. There is also the previously named Pipe Store which could provide a further cottage (subject to planning permission).

Not to end it there, also included is a range of derelict outbuildings to the rear which again is a fantastic development opportunity subject to the relevant planning permission.


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 between approximately 15 to 26 miles away.

ACCOMMODATION

SHOP 12' 9" x 11' 4" (3.89m x 3.45m)

OFFICE 10' 7" x 7' 9" (3.23m x 2.36m)

INNER HALLWAY

REAR WORKSHOP 10' 10 max" x 7' 6" (3.3m x 2.29m)

STAIRS TO FIRST FLOOR

LANDING AREA

BEDROOM ONE 13' 0" x 11' 9" (3.96m x 3.58m)

BEDROOM TWO 11' 5" x 9' 10" (3.48m x 3m)

BATHROOM 10' 10" x 7' 6" (3.3m x 2.29m)

STAIRS TO SECOND FLOOR

BEDROOM THREE

BEDROOM FOUR

PIPE SHED Located in between 7 Cross Street and the alleyway leading to Cross Street communal garden.

CROSS STREET DEVELOPMENT Comprising of four one bedroom cottages, each with access to the shared garden area at the rear of the development. Please note that numbers 4,5,6 and 7 are currently tenanted and no 5 is currently vacant. Please note the description and measurements that we are using are from 5 Cross Street.

5 CROSS STREET There are Floor-plans available for 4, 6 and 7 Cross Street to depict the layout of these properties.

LOUNGE 13' 11 max" x 11' 11" (4.24m x 3.63m)

KITCHEN 16' 8" x 7' 5 max" (5.08m x 2.26m)

STAIRS TO FIRST FLOOR

LANDING

BEDROOM 11' 9 min" x 11' 7" (3.58m x 3.53m)

BATHROOM

DERELICT OUTBUILDINGS

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

FLOOR PLANS Not to scale.

SERVICES We are advised that mains electric, water and drainage are available. Please note that gas central heating is available in 4,5,6 and 7 Cross Street and not 28 Stafford Street. 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 right out of our office in Maer Lane and take the next turning right into Smithfield Road. Bear left at the mini island and right at the next island. At the T-Junction, turn right onto Stafford Street where the property can be found on the left hand side, identified by our For Sale board.

TENURE We are advised that the property is Freehold and this will be confirmed by the Vendors Solicitor during the Pre- Contract Enquiries. Vacant possession upon completion.

METHOD OF SALE 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, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. 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 make payment of a non-refundable Reservation Fee of 4.2% to a minimum of £6,000 including VAT, 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. (Reservation Fee is in addition to the final negotiated selling price.)
I Am Sold Ltd - telephone: 0121 366 0539 or email: enquiries@iam-sold.co.uk

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: marketdrayton@barbers-online.co.uk

PROPERTY INFORMATION We believe this information to be accurate, but they cannot be guaranteed. The fixtures, fittings, appliances and mains services have not been tested. If there is any point which is of particular importance please obtain professional confirmation. All measurements quoted are approximate. These particulars do not constitute a contract or part of a contract.

AML REGULATIONS To ensure compliance with the latest Anti Money Laundering Regulations all intending purchasers must produce identification documents prior to the issue of sale confirmation. To avoid delays in the buying process please provide the required documents as soon as possible. We may use an online service provider to also confirm your identity. A list of acceptable ID documents is available upon request.

MD24931160919

NOTE DETAILS NOT YET APPROVED BY THE VENDOR.
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