Residential development for sale
Property description & features
- Tenure: Freehold
- Total Gross Internal Floor Area 7,105 sq ft
- Significant potential for other residential/religious or commercial uses (STSC)
- Planning consent currently for conversion into a 22 bedroomed HMO
- Total Net Internal Floor Area of approximately 4,204 ft sq (390.50 m sq) on the ground floor
- Total Net Internal Floor Area of approximately 2,414 ft sq (224.28 m sq) on the first floor
- Car forecourt area
- Use Class D1 of the Town and Country Use Classes Order
The property would lend itself to redevelopment for commercial/residential uses subject tot statutory consents and currently benefits from planning consent for conversion into a 22 bedroomed HMO under Planning Reference Number 22/05041/FUL. It would lend itself to a variety of uses subject to statutory consents.
Of traditional construction, being in part of brick construction and part of timber framework construction, the property sits under part tiled and part flat felt roof covers.
There is a Total Net Internal Floor Area of approximately 4,204 ft sq (390.50 m sq) on the ground floor and a Total Net Internal Floor Area of approximately 2,414 ft sq (224.28 m sq) on the first floor.
Which combined provides Total Gross Internal Floor Area of approximately 7,105 ft sq (660 m sq) and the planning consent granting consent for the building to be extended to 749 m sq.
To the front, there is a car forecourt area and the property also benefits from having disabled access.
The Total Site Area is 0.175 acres (0.071 hectares).
A viewing is strongly recommended to fully appreciate the potential of the property.
Location
The property is located fronting onto Laburnum Drive on the southern edge of the town of Oswestry. The property is located in an established residential area approximately 1 mile from Oswestry Town Centre, where all local amenities are available.
The property is located directly opposite a Premier Convenience Store and benefits from easy access to the A5, A483 and A495. The location of the property means it would lend itself to a variety of residential, educational, religious or commercial uses, subject to statutory consents.
The local area offers stunning walks and beautiful scenery, Offa's Dyke Path and Lake Vyrnwy and is within an hour of the Snowdonia National Park. Other nearby attractions include Pontcysyllte Aqueduct, a UNESCO World Heritage Site and several National Trust properties are nearby.
Oswestry boasts various annual events including, Oswestry Show, Oswestry Food Festival and the Balloon Festival.
Terms
The property is offered for sale with vacant possession.
The property is held under the ownership of Property Title Number SL168365.
Guide Price/Reserve
£180,000 - £200,000 (One Hundred and Eighty thousands pounds to Two Hundred thousand pounds) (Exclusive)
*Guides are provided as an indication of each seller’s minimum expectation they are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Each 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.
The property is offered for sale by public auction on Friday 29th of November at 3pm at Halls Holdings House, Bowmen Way, Battlefield, Shrewsbury, Shropshire, SY4 3DR.
Method of Sale
The property is offered for sale by public auction on Friday 29th of November at 3pm at Halls Holdings House, Bowmen Way, Battlefield, Shrewsbury, Shropshire, SY4 3DR.
Buyers Premium
In addition to the contract deposit required, buyers should note when bidding, that on the fall of the gavel, they will be responsible for paying a Buyer’s Premium as noted on individual lots. This is additional to the purchase price and set at 2.5% plus VAT of the “hammer price”, subject to a minimum fee of £2,500 plus VAT (£3,000).
Please bring with you the means to pay both the deposit and the Buyer’s Premium.
Money Laundering Regulations
PLEASE NOTE that any person buying or bidding at auction MUST produce TWO forms of *identification documentation. One to confirm their name and residential address, i.e. utility bill or bank statement and one photo ID, i.e. passport or driving licence. We will be unable to accept your bid unless you have registered with us and produced suitable ID.
Conditions of Sale
Please note that the property is sold in accordance with the Common Auction Conditions [4th Edition March 2018] (a copy of which is included with the Legal Pack). Special Conditions of Sale relating to each lot are available upon request from the Auctioneers or the Vendors Solicitor prior to the auction.
The contract and special conditions of sale will not be read out by the auctioneers at the auction but will be available for inspection at the auctioneer’s offices or the vendors solicitors for a period before the auction date. Purchasers will be deemed to have inspected these Special Conditions of Sale and will be legally bound by these conditions which will form part of and will be attached to the Sale Memorandum.
Payment of Deposit
The successful buyer of each lot will be required to pay a deposit of 10% of the purchase price (subject to a minimum of £1,000) to the vendors’ solicitor prior to leaving the saleroom. Any deposit payments collected by Halls Holdings Limited will incur a 1% service charge. PLEASE NOTE THAT WE DO NOT ACCEPT ANY FORM OF CASH DEPOSIT OR CREDIT CARDS.
Rights of Way Easements/Wayleaves
The land will be sold subject to any wayleaves, public or private rights of way, easements and covenants and all outgoings whether mentioned in the sales particulars or not.
Town and Country Planning
The land will be sold subject to any development plan, tree preservation order, town planning schedule, resolution or notice which may be or come to be in force, subject to any road widening or improvement schemes, land charges and statutory or provisional by-laws without any obligation on the vendor to specify them
Boundaries, Roads and Fences
The Purchasers shall be deemed to have full knowledge of the boundaries and roads and neither the Vendor nor the Agent will be responsible for defining the ownership of boundary hedges or fences.
EPC
D (77)
Business Rates
Exempt under current use.
Services
Not tested at the time of inspection. Prospective purchasers should make their own enquiries.
Mains water, electricity, drainage and gas are understood to be connected to the property
Planning
Prospective purchasers should make their own enquiries.
The property is located in Shropshire Council. The property has most recently been in use as a church with offices falling within Use Class F1 of the Town and Country Use Classes Order.
The property benefits from planning consent currently for conversion into a 22 bedroomed HMO under Planning Reference Number 22/05041/FUL. It would lend itself to a variety of uses subject to statutory consents.
Solicitors
Freeman Johnson Solicitors
11 Victoria Road
Darlington
Co Durham
DL1 5SP
Edward Miller
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Local Authority
Shropshire Council
Shirehall
Abbey Foregate
Shrewsbury
SY2 6ND
Property information from this agent
Places of interest
Halls - Commercial Property
Halls Holdings House, Bowmen Way, Battlefield Shrewsbury, Shropshire SY4 3DR
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