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For Sale -
Cheshire Street, Market Drayton

Auction Guide Price £110,000

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An Excellent Investment Opportunity Comprising 3 Commercial Office Units - FOR SALE VIA MODERN METHOD OF AUCTION

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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

  • Excellent Investment Opportunity
  • For Sale by Modern Method of Auction
  • Ground Floor Office & Treatment Room
  • First Floor Office
  • Communal Kitchen Area
  • Second Floor Office
  • Rent & Rate Information Available on Request
  • Currently Fully Tenanted
  • Reservation Fee Payable, T's & C's Apply
  • Energy Ratings TBC

Property Full Details

PROPERTY FOR SALE BY MODERN METHOD OF AUCTION - A superb rental investment opportunity which currently comprises three tenanted commercial units. Conveniently situated directly in the centre of the lovely medieval town of Market Drayton this is an excellent chance not to be missed. Rental income around £8,000.00pa. *This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the auctioneer, iamsold.*

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.

ENTRANCE HALL 9' 0" x 4' 0" (2.74m x 1.22m)

GROUND FLOOR OFFICE - 'FOOT HEALTH CLINIC' 10' 0" x 17' 9" (3.05m x 5.41m) L-Shaped Room (4'10 x 7'03 at narrowest point) with access to cellar. Tenant paying £3,300.00pa.

GROUND FLOOR TREATMENT ROOM 9' 09" x 9' 9" (2.97m x 2.97m) With external access and large storage cupboard.

STAIRS LEADING TO FIRST FLOOR With under-stairs storage cupboard.

FIRST FLOOR OFFICE - 'FABULASH' 15' 6" x 11' 16" (4.72m x 3.76m) L-Shaped Room (9'03 x 5'3) at narrowest point. Tenant paying £2,580.00pa.

FIRST FLOOR COMMUNAL KITCHEN AREA 12' 10" x 5' 3" (3.91m x 1.6m) With fire escape.

STAIRS TO SECOND FLOOR

SECOND FLOOR OFFICE - 'TEMPLINE' 16' 4" x 12' 0" (4.98m x 3.66m) Tenant paying £2,700.00pa. A1/A2 Retail and Financial/Professional services.

TOILETS 7' 4" x 10' 0" (2.24m x 3.05m) Separate Male/Female toilets and storage area.

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

SERVICES We are advised that mains electric, water and drainage are available with gas fired central heating. 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 From our office turn left onto Maer Lane and proceed to the mini roundabout. Turn left onto Cheshire Street and then take the 3rd exit at the roundabout continuing along Cheshire Street to the end of the road where you will see the property on the right hand side of you which can be 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. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

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 it 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.

MD2962006092021

NOTE DETAILS NOT YET APPROVED BY THE VENDOR.
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