* Leasehold
* Approval for Two Flats on First Floor
* Planning Permission pf/18/2006
* Commercial Income of £9600 per annum
* 1873 Square Feet Building (stms)
* For Sale by Auction on 22nd November
* 999 Year Lease from 1980 with £1 Ground Rent
* Basement with Lighting and Power
**Summary**
This is a rare opportunity to purchase a Market Place retail unit with
planning permission approved for 2 residential flats above, making this an
ideal investment opportunity.
**Description**
For Sale by Barnard Marcus Auction, this commercial unit on Market Place with
planning permission for change of use of first floor from ancillary storage
for ground floor shop and flat to two flats, formation of new entrance in rear
elevation and associated alterations would make a fantastic development
opportunity. Partial work has begun on the first floor with a newly fitted
staircase and double glazed sash windows to the rear. Full planning permission
and details can be found online under reference pf/18/2006. The ground floor
commercial unit is leased until 2024 and generates £9600 per annum currently.
**Important Notice**
For each Lot, a contract documentation fee of £1, 500 (inclusive of VAT) is
payable to Barnard Marcus Auctions by the buyer. The seller may charge
additional fees payable upon completion. If applicable, such fees are detailed
within the Special Conditions of Sale. Buyers are deemed to bid in full
knowledge of this.
**The Guide Price**
The Guide Price quoted must not be relied upon by prospective purchasers as a
valuation or assessment of value of the property. It is intended to provide
purchasers with an indication of the region at which the reserve may be set at
the time of going to press. The guide price may be subject to variation and
interested parties are advised to make regular checks for variations and
should be aware that the reserve price may be either below or above the quoted
guide price.
**Key Information**
Prospective purchasers should also be aware that the eventual sale price may
be above or below the guide level dependent upon competition, and should
therefore not presume the guide to be indicative of the final expected sale
price or the price the property is available at.
When setting the guide price, the auctioneers have given consideration to the
seller’s instructions in respect of their indicated reserve price at the time
of instruction. The reserve price, (the level below which the property will
not be sold), remains confidential between the seller and the auctioneer. The
guide price therefore, is intended to indicate the region at which the reserve
price is intended to be set. The seller will confirm their final reserve price
close to the auction date and if appropriate the auctioneers may adjust the
guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of
viewers at properties, we have not carried out a detailed Health & Safety
inspection of properties in our auctions and cannot therefore guarantee the
safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own
risk. Particular care should be taken when accessing cellars, attics, exterior
grounds and outbuildings and boundaries. All non - conducted inspections of
vacant sites should be made in daylight hours only and entry into such sites
is entirely at the viewers risk.
We currently hold lease details as displayed above, should you require further
information please contact the branch. Please note additional fees could be
incurred for items such as leasehold packs.
1\. Money laundering regulations: Intending purchasers will be asked to
produce identification documentation at a later stage and we would ask for
your co - operation in order that there will be no delay in agreeing the sale.
2\. General: While we endeavour to make our sales particulars fair, accurate
and reliable, they are only a general guide to the property and, accordingly,
if there is any point which is of particular importance to you, please contact
the office and we will be pleased to check the position for you, especially if
you are contemplating travelling some distance to view the property.
3\. The measurements indicated are supplied for guidance only and as such must
be considered incorrect.
4\. Services: Please note we have not tested the services or any of the
equipment or appliances in this property, accordingly we strongly advise
prospective buyers to commission their own survey or service reports before
finalising their offer to purchase.
5\. These particulars are issued in good faith but do not constitute
representations of fact or form part of any offer or contract. The matters
referred to in these particulars should be independently verified by
prospective buyers or tenants. Neither sequence (UK) limited nor any of its
employees or agents has any authority to make or give any representation or
warranty whatever in relation to this property.

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