Property for sale

For sale by public auction on the 20th June 2024 at 2.00pm to be held at the Lion Quays Resort, Oswestry, SY11 3EN. A substantial Development/Investment Opportunity comprising of a ground floor retail unit (extending to around 600 sq ft,) with former living accommodation spread over the first and second floors above. The property is in need of modernisation but has the potential to create an excellent mixed use investment property.

Location
The property is situated close to the centre of the busy market town of Oswestry, in close proximity to a host of other shops and well established businesses and also with direct frontage onto one of the towns main throughfares. The town itself has an excellent range of shops, schools and other amenities and is surrounded by picturesque countryside. Easy access on to the A5/A483 provides direct routes to the towns of Shrewsbury, Wrexham and the City of Chester. The nearby train station at Gobowen provides services links to Manchester and Birmingham whilst the town has an excellent bus service.

Accommodation
The main shop is accessed through a front door leading directly off the street into:

Front Retail Area - 16' 11'' x 12' 7'' (5.16m x 3.83m)
Part glazed entrance door and plate glass window frontage onto street

Rear Retail Area - 11' 8'' x 12' 2'' (3.56m x 3.72m)
Under stairs storage area and access to stairs.

Rear Storage/Kitchen Area - 20' 1'' x 14' 10'' (6.11m x 4.51m max)
Currently divided into two areas with Sink and worktops Door leading to rear of property. Stairs off Rear Retail area leading to:

Store Room - 13' 1'' x 6' 3'' (4m x 1.9m)
With access to:

Cloakroom
With WC.

First Floor Landing
Window to front aspect, understairs storage cupboard, stairs to second floor and access to:

Kitchen - 14' 1'' x 11' 9'' (4.29m x 3.58m)
Sink and built in storage cupboard.

Store Room 1 (Former Living Room) - 13' 0'' x 11' 0'' (3.96m x 3.35m)
Feature period fireplace.Stairs off Landing to:

Second floor landing
With access to:

Store Room 2 (Former Bedroom) - 5' 10'' x 6' 3'' (1.79m x 1.9m)

Store Room 3 (Former Bedroom) - 13' 1'' x 10' 11'' (3.98m x 3.32m)

Inner Landing
With airing cupboard and access to:

Store Room 4 (Former Bedroom) - 11' 11'' x 10' 11'' (3.62m x 3.33m)

Bathroom - 7' 7'' x 8' 4'' (2.32m x 2.53m)
Bathroom suite comprising panel bath, low level flush wc and pedestal wash hand basin.

EPC Rating Commercial: 67|C

Local Authority
Shropshire Council, The Shirehall, Abbey Foregate, Shrewsbury, SY2 6ND, [use Contact Agent Button].

Rateable Value
£3,300 (2023/2024)
Tenure
We are informed that the property is freehold subject to vacant possession on completion.

Method of sale
For sale by public auction on the 20th June 2024 at 2.00pm to be held at the Lion Quays Resort, Weston Rhyn, Gobowen, Oswestry, SY11 3EN.

Buyers Premium
Please note that the purchasers will be responsible for paying a buyer's premium in addition to the purchase price set at 2.4% of the sale price inc. VAT subject to a minimum of £3000 inc. VAT. For further details on fees payable please consult the legal pack.

Solicitor
F.A.O. Mr Gareth KellyGittins McDonald Solicitors, 12 Grosvenor Road, Wrexham, LL11 1BU, [use Contact Agent Button]. [use Contact Agent Button]

Guide Price
Where a guide price is given that price is not to be taken as an indication of the value of the lot or of the reserve price. Pre-auction guide prices are based upon the initial anticipation of the sale price of the property at auction. Prospective purchasers should be aware that guide prices are subject to change and are advised to check any amendments with the Auctioneers prior to the auction. The reserve price for each of the lots may exceed the quoted guide price and eventual guide price.

Reserve Price
The reserve price is the seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Directions
From Oswestry town centre proceed outwards along Beatrice Street towards Gobowen Road where the property will be found on the right hand side just after the BP Garage, as identified by the Agent's for sale board.

Tenure: Freehold