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    Key features

    • To be offered on Wednesday 28 February
    • Freehold Retail Parade
    • Three Units Arranged Across Ground Floor Only
    • Development/Conversion Potential (subject to planning)
    • Potential to Add Upper Floors (subject to planning)
    • Established and Popular Location
    • No VAT

    Description

    The property comprises a parade of three retail units arranged across ground floor only.

    Offered with full vacant possession, the property offers an excellent opportunity to add value through development and asset management. Virtually all other units in the area provide residential or commercial upper parts across first and second floors. We therefore consider there to be potential to add at least an additional floor (subject to obtaining the requisite consents).

    The property previously obtained planning consent for demolition of the existing building and provision of a new two storey building with 3 x ground floor retail units and 2 x residential units to the upper parts. Please see CGI images within the lot photographs for a representative view of a potential development.

    Situated on Yorkshire Street, an established mixed use location and popular local retail area, the property is set two streets back from the popular Morecambe seafront.

    Additional information

    Tenure

    Freehold

    Planning

    Whilst there are no extant planning consents, the property previously had consent for demolition and redevelopment to provide a two storey buildings comprising three retail units and two residential units (Reference: 09/00068/FUL)

    Notes

    Please note Savills Auctions have not inspected the property. Any drawings, plans, areas and photographs are for illustrative purposes only and purchasers should rely on their own enquiries.

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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.

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      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.

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      Local information

      • Morecambe Station - 0.8 miles

      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.

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