1 bedroom flat for sale
Key information
Property description & features
- Tenure: Freehold
- Ground Floor Commercial And First Floor Residential Unit
- Auction Pack Available On Request
- Auction Date Thursday 12th September 2024
- Buyers Fee Applies
- No Forward Chain
- Highly Sought After Position In Central Chichester
- Freehold
- Pre Auction Offers Considered
- For Sale By Online Auction Only
- Guide price £275,000
* For sale by online auction * Pre-Auction offers considered *
Nestled in the heart of Chichester, this property on St Pancras Place presents a unique refurbishment opportunity. Divided into two distinct units-a commercial space on the ground floor and a potential self-contained residential flat on the upper floors-this property is ideal for investors, business owners, and those looking to create a bespoke living space.
The ground floor features a street-facing entrance that provides direct access to a spacious and versatile shop floor. This area is suitable for various retail or service-oriented businesses. Towards the rear of the ground floor, additional storage rooms offer ample space for stock, equipment, or an office area.
The first floor presents an expansive, open-plan area perfect for a combined kitchen and living space. This floor can be designed to include a modern kitchen and a contemporary shower room, offering comfortable and convenient living.
The top floor features a large attic room with natural light from a window, creating an airy and bright environment. This space is ideal for conversion into a spacious bedroom, completing the transformation of the top two levels into a self-contained flat.
The property includes a rear entrance, providing separate access to the residential flat, ensuring privacy and convenience. Additionally, there is an outdoor area at the rear, which can be transformed into off-street parking, adding significant value and practicality.
This property offers a prime opportunity for refurbishment, allowing for the creation of a lucrative mixed-use asset. The commercial space can generate a steady income from business tenants, while the upper floors can be developed into a stylish, self-contained residential flat, ideal for rental or personal use.
St Pancras Place in Chichester stands as a remarkable investment prospect. With thoughtful refurbishment and conversion, this property can cater to both commercial and residential needs, making it a versatile addition to any property portfolio. Explore the potential of this unique space and transform it into a vibrant commercial and residential hub in one of Chichester's most desirable locations.
Modern T's & C's
This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange, or the vendor is free to remarket the property and the reservation fee will not be returned. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3.6% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £5,940 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE SALE PRICE.
Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the 'legal pack', if you choose to bid on the property, you will be required to complete further identity checks for anti-money laundering purposes, provide card and solicitors details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.
*Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.
*Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction, then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.
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