Retail property (high street) for sale

Located in a prime town centre location with high foot traffic, this large commercial premises offers a lucrative investment opportunity for the savvy entrepreneur. Currently classified under commercial use class E, this property's versatile layout caters to a wide range of potential businesses.

Offered for sale through the Modern Method of Auction, this property is subject to a Reserve Price with Terms and Conditions that apply. The auction team will be overseeing the sales process, providing a transparent and efficient method for buyers to secure this valuable property. Buyers should be aware of associated fees that apply to the purchase.

The property boasts an expansive layout that is ideal for retail purposes, with the flexibility to be divided into multiple smaller units. The potential for conversion into smaller retail spaces with residential accommodation above opens up various possibilities for rental income or business operations. The property's prime location ensures that any business tenant would benefit from a steady stream of customers and excellent visibility.

While the property requires repair and renovation to realise its full potential, the solid structure and prime location make this property an attractive proposition for investors looking to add value through strategic improvements. The town centre location offers convenience and accessibility, appealing to both business owners and customers alike.

The opportunity to acquire this commercial property through the Modern Auction platform provides a unique chance to secure a valuable asset in a competitive market. The auction process allows for a transparent and efficient transaction, ensuring a fair opportunity for interested parties to bid on this prime property.

In conclusion, this large commercial premises presents a rare chance to invest in a property with substantial potential for growth and income generation. With its central location and versatile layout, this property offers a solid foundation for a range of business opportunities. Don't miss out on the chance to secure this valuable asset through the modern auction process – contact us today to find out more about this exciting investment opportunity.

Auctioneer Comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.