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Commercial Property in Swadlincote

The Former Co op Building, 19 High Street, Measham, Swadlincote, Derbyshire DE12 7HR

Lot no: 9 Property type: Commercial Property Auction type: Unconditional with Fixed FeeWhere exchange occurs immediately on the fall of the gavel. The successful bidder will be legally obliged to exchange contracts, pay a 10% deposit (subject to a minimum of £5,000) together with the buyers fee of £1074 and complete within a set time period.

Guide Price* £125,000+plus fees Result Sold at Auction £125,000



A retail premises and former car park with development potential for six flats or three townhouses (subject to planning consents)

Property Description

An opportunity to acquire a former retail premises and former car park with development potential for six flats or three townhouses (subject to planning consents). The premises are situated along the high street within the village of Measham in the county of Leicestershire some 3 miles south of Ashby-de-la-Zouch and 17 miles north west of Leicester city centre. The village is easily accessible via the M42 dual carriageway. The property is in close proximity to the Health Centre together with multiple retailers in the form of Tesco and Dean and Smedley Pharmacy. The property comprises a detached retail unit arranged over the ground and first floors. The first floor access has been removed. The access can be reinstated if required. The accommodation also benefits from its own dedicated service yard and car park. The property comprises the following approximate areas:-

Ground Floor Sales

235.51 sq m 2,535 sq ft

Rear Ancillary Storage

104.98 sq m 1,130 sq ft

Tenure

See Legal Pack.


Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

A 10% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.

*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of the Guide Price and the Reserve Price click here.

Energy Performance Certificates
EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.

Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or cheque deposits. Remote bidding facilities are also available.

Auction Fees
The sale of each lot is subject to a buyer’s fee of £1,074 inc VAT (£895 + VAT) (unless otherwise stated in the important notices), payable on the fall of the hammer.

The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction office.