A mixed-use income generating terrace building consisting of three ground floor retail units and maisonette in Market Place, Shifnal. Fully let and ideal for investors. (Title number: SL258174)
SOLD BY AUCTION FOR £153,000: To be sold by public auction on the owner's instruction. A mixed-use (class E) income-generating terrace building consisting of three ground floor units and maisonette in Market Place, Shifnal. It is fully let and ideal for investors. To be sold via online bidding on Friday, 10 November 2023.
Auctioneers comments: 'This Lot offers an opportunity to buy a fully let mixed-use terrace building consisting of three ground floor retail units and a three-bedroom maisonette.'
Auction date
The property is to be sold by public auction on Friday, 10 November 2023 via a 2-hour online bidding window.
Description
Three ground-floor retail units (class E) and a three-bedroom maisonette, tenanted, freehold
Note
Structural concerns
Location
Shifnal, Shropshire. 0.3 miles from Shifnal station
Accommodation
Maisonette first floor: kitchen, living room, bathroom
Maisonette second floor: three bedrooms
Ground floor rental units: three units (each with kitchen, w/c), 16 Market Place has a cellar
EPC rating
16 Market Place: C
16a Market Place: E
18 Market Place: D
18a Market Place: D
Tenure
Freehold
Local authority and council tax band
Shropshire Council
Council tax band: A
Pre-auction bids
To make a pre-auction bid, you must be an approved bidder. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable. Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min. £5,000) and all auction fees listed. The Auctioneer reserves the right to refuse any bid.
Auction fees
In addition to the 10% deposit (min. £5,000) of your winning bid, you must pay an auction buying commission of 3% plus VAT (min. fee of £3,600 plus VAT) of the purchase price and auction buying fee of £1,900 plus VAT. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Lot 86 - 16,16A,18,18A Market Place, Shifnal, Shropshire, TF11 9AZ
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