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    Key features

    • An attractive freehold mid terrace property located in an affluent area
    • Comprising of a lock up shop at basement and ground floor and 2 bedroom self contained flat at 1st and 2nd floor
    • Instant asset management potential in letting out the vacant units
    • Possible future development potential to convert the upper floors into 2 separate dwellings or convert into a HMO (subject to the requisite consents)
    • Exempt from empty business rates
    • 6 week completion available

    Description

    The building is a mid terrace grade II listed property forming part of a busy an established shopping parade. The property comprises of ground floor commercial lock up shop and 2 bedroom self contained flat at first and second floor level with separate access.

    There is access to the rear and side of the property which offers a separate entry point for both the commercial and residential unit.

    Nearby occupiers include Grape Tree adjacent ( Has 100 stores nation wide), WHSmith, Costa coffee, Greggs, Holland Barrett and a wide range of established and boutique independent retailers.

    The town has a thriving market which trades Wednesdays, Fridays and Saturdays

    Additional information

    Tenure

    Freehold

    Accommodation

    • Ground floor - Retail Area W/C
    • First & Second Floor - 2 x bedrooms, Kitchen, Living area and Bathroom/WC

    Tenancy

    Vacant

    Notes

    Please note the site areas provided are approximate and have been provided to us in good faith. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.


    Joint auctioneer

    Tes property

    Ben Stevens

    Tel:01507601633


    Please note that we believe that there is VAT applicable on the sale of this property. Please refer to the legal pack.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located on the north side of Market place and close to the junction with Cornmarket.


      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums