* Freehold
* Fully let mixed use Investment
* Producing £16, 970 per annum
* Ground Floor Tenant has been in occupation for over 20 years
* Two self contained flats
* Town Centre location
* Well presented opportunity
For Sale by public auction on Monday 20th November 2023 at 6. 30pm. The Double
Tree by Hilton Hotel, Festival Park, Stoke - on - Trent, ST1 5BQ. Live online
bidding available.
A delightful mixed use investment situated in Market Drayton Shropshire.
Consisting of a ground floor retail premises occupied by a beauty salon which
has been there for over 20 years together with two self contained flats above.
Producing a gross income of £16, 970 pa which represents a return of 12. 12% at
the auction guide.
**Description**
A three storey property of brick construction under a pitched clay tile roof
consisting of a ground floor and lower ground floor beauty salon and two self
contained one bedroom flats with independent access and services. Please refer
to 'Tenure' for a breakdown of leases and agreements. We have been advised
that the commercial Tenant has been in occupation for over twenty years.
**Location**
The property is located on Great Hales Street in Market Drayton, immediately
opposite the Joules Brewery and within walking distance from the main centre
where you will find a host of retailers, cafes, pubs and restaurants.
**Accommodation**
Ground floor/lower ground floor:
Beauty Rooms/Sales: 650 Sq ft (60. 42 Sq m)
**WC
**
Separate doorway to side leading to a hallway and stairs up to:
First floor (Flat 4B)
Living Room and Kitchen: 13ft5' x 10ft7'
143 Sq ft (13. 28 Sq m)
Bedroom: 10ft6' x 9ft7'
103 Sq ft (9. 57 Sq m)
Bathroom: 7ft3' x 3ft0'
22 Sq ft (2. 04 Sq m)
Under stairs cupboard
5 Sq ft (0. 46 Sq m)
second floor (Flat 4A)
Living Room: 11ft3'x9ft9'
112 Sq ft (10. 40 Sq m)
Kitchen: 12ft11'x9ft3'
113 Sq ft (10. 50 Sq m)
Bedroom: 11ft1' x 9ft9'
110 Sq ft (10. 22 Sq m)
Walk - in Cupboard/Wardrobe: 7ft3'x3ft1'
23 Sq ft (2. 14 Sq m)
Bathroom: 6ft8' x 4ft2'
28 Sq ft (2. 60 Sq m)
**WC**
14Sq ft (1. 30 Sq m)
**Services**
All mains services are available subject to any reconnection which may be
necessary. We have been advised that each area has its own electric meter, and
there is a gas meters to the second floor flat.
**Planning**
Bjb recommend that potential occupiers make their own enquiries to the local
authority in order to satisfy themselves that their proposed use is authorised
in planning terms.
**Rating**
The voa website advises the rateable value for 2023/24 is £4, 350. The standard
non - domestic business rates multiplier is 51. 2p. The small business multiplier
is 49. 9p up to a rateable value of £50, 999. Small Business may benefit for
upto100% on premises with a rateable value of up to £12, 000 and a tapered
relief for rateable values between £12, 000 and £15, 000.
Bjb recommends interested parties make their own enquiries into the business
rate payable any further business rate relief which may be available.
Both flats are rated council tax band A.
**Tenure - Freehold**
Freehold subject to the Lease and Tenancies Noted below:
Ground Floor: Let to an independent trader (Beauty use) on a 5 year lease from
9th December 2021 at £7, 250pa. The lease has a Landlord and Tenants break
option at the end of the third year (2024) subject to six months prior written
notice. The Tenant has been is believed to have been in occupation for 20
years plus and this lease is a renewal of previous leases.
First Floor (Flat 4B) AST from 10th October 2022 with an agreed rent increase
from 10/10/23 to £405 pcm (£4, 860 pa)
Second Floor (Flat 4A) AST from 10th September 2019 at a new rent from 10/9/23
of £405 pcm (£4, 860 pa)
Please refer to the legal pack for copies of the lease and agreements.
**Proof Of Identity**
To comply with Money Laundering Regulations, on acceptance of an offer for
purchase or letting, the buyer or prospective tenant will be required to
provide identification to Butters John Bee. Where a property is due to go to
auction, all bidders will be required to register prior to auction.
**Common Auction Conditions**
This property is sold subject to our Common Auction Conditions (a copy is
available on request).
**Buyers Administration Fee**
A buyers administration fee of £1, 000 plus VAT is applicable to this lot. The
purchaser will pay the fee whether the property is bought before, at or
following the auction date.
**Legal Pack**
Purchasing a property at auction is a firm commitment that carries the same
legal implications as a signed contract by private treaty. It is important
that you consult with your legal adviser before bidding and also your
accountant regarding the impact of VAT, if applicable, on the sale price. The
legal pack can be viewed online via our website . Legal packs can also be
viewed at the selling office. These documents should be passed to your legal
adviser as they will help you make an informed decision about the lot. If you
need further legal information please contact the vendor's solicitor whose
details will be in the auction catalogue. Remember that you buy subject to all
documentation and terms of contract whether or not you have read them.
**Auction Viewing**
To view this lot, please contact the selling office.
**Internet, Telephone & Proxy Bidding**
Interested in this lot but can't attend the auction? You can bid by internet,
telephone or by proxy by pre - registering with our auction department on or
email . Further details are available in the catalogue.
**Addendum**
Check the latest addendum at for any alterations or changes to the catalogue.
**Guide Price**
An indication of the seller's current minimum acceptable price at auction. The
guide price or range of guide prices is given to assist consumers in deciding
whether or not to pursue a purchase. It is usual, but not always the case,
that a provisional reserve range is agreed between the seller and the
auctioneer at the start of marketing. As the reserve is not fixed at this
stage and can be adjusted by the seller at any time up to the day of the
auction in the light of interest shown during the marketing period, a guide
price is issued. This guide price can be shown in the form of a minimum and
maximum price range within which an acceptable sale price (reserve) would
fall, or as a single price figure within 10% of which the minimum acceptable
price (reserve) would fall. A guide price is different to a reserve price (see
separate definition). Both the guide price and the reserve price can be
subject to change up to and including the day of the auction.
**Reserve Price**
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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