Description

Guide price in excess of £180,000. For sale by public auction on the 5th December 2024 at 2.00pm to be held at the Lion Quays Resort, Weston Rhyn, Gobowen, Oswestry, SY11 3EN. A rare opportunity to purchase a mixed retail and residential investment property comprising of a ground floor shop unit with a recently renovated large two bedroom apartment above, situated in the centre of the popular market town of Oswestry.

Location

The property is centrally located in the historic centre of the busy market town of Oswestry, close to towns selection of shops, restaurants, public houses and other amenities. The property fronts directly onto B4580, the main route through the town centre, with the main pedestrianised shopping areas also in close proximity.

The renowned Cae Glas Park is adjacent to the property whilst the town is surrounded by picturesque countryside which is easily accessible. A number of renowned public and private schools are also based within the town.

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 direct links to Chester and Birmingham. The town has an excellent bus service.

Shop Accommodation

The property has direct access onto Willow Street, with a glazed door opening into:

Main Shop

26′ 5” x 15′ 7” (8.06m x 4.75m)Vinyl Flooring and Counter. Door into:

Store Room

16′ 11” x 7′ 2” (5.15m x 2.18m)Vinyl Flooring, Stainless steel sink and drainer. Access to cellar and door to Rear yard.

WC

7′ 0” x 5′ 3” (2.13m x 1.61m)Low level flush WC, wash hand basin with fitted cupboard below.

Outside

A door off the Store Room leads to a rear yard, with shared pedestrian access to the street.

Apartment Accommodation

The apartment is spread over the 2 upper floors with a further attic space on the third floor. The apartment has been recently renovated and benefits from modern electric wall heaters throughout.

Access is provided from a separate doorway leading directly off the street, with stairs leading to a first floor landing with door into:

Kitchen

15′ 9” x 10′ 5” (4.8m x 3.18m)Fully fitted kitchen with matching base units and eye level wall cupboards, integrated electric oven/grill, 4 ring induction hob with extractor hood over. Stainless steel sink and drainer, space and plumbing for washing machine. Vinyl floor and electric wall heater,

Lounge

15′ 4” x 14′ 8” (4.68m x 4.48m)Vinyl flooring and electric wall heater.

Stairs to 2nd floor landing with further stairs up to 2nd floor Attic.

Bedroom 1

15′ 0” x 15′ 9” (4.58m x 4.8m)Electric wall heater.

Bedroom 2

11′ 0” x 10′ 11” (3.36m x 3.33m)Electric wall heater.

Shower Room

7′ 6” x 5′ 3” (2.28m x 1.6m)Shower cubicle with electric shower and tiled surround, pedestal wash hand basin and low level flush WC

Local Authority

Shropshire Council, The Shirehall, Abbey Foregate, Shrewsbury, Shropshire. Tel: 0345 6789000.

EPC

EPC for Shop C(60)
EPC for Residential flat F(31) – An EPC exemption has been granted until 2029 (Ref: BEIS00335008CLFHG)

Apartment Council Tax Band

Council Tax Band – ‘A’.

Rateable Value

We are informed that the current Rateable Value of the commercial premises is £10,750.

Tenure

We are informed that the property is Freehold with full vacant possession.

Solicitor

Hannah Tomley of Gough Thomas & Scott, 8 Willow Street, Ellesmere, SY12 0AQ. Tel: 01691 622413

Method of Sale

The property will be offered for sale by public auction at Lion Quays Hotel, Moreton, Oswestry on 5th December 2024, commencing at 2.00pm.

Buyer’s Premium

Please note that the purchasers will be responsible for paying a buyer’s premium in addition to the purchase price set at 2.40% including VAT of the sale price achieved, subject to a minimum fee of £3000 inc. VAT. This is payable on exchange of contracts and for further details on fees payable please consult the legal pack.

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.

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