House of Multiple Occupation
Planning permission has been applied for a further 10 HMO rooms and en‐suites. With car parking to the rear and a good central location in Market Drayton, the building is ideal for conversion to apartments or flats, business use or back to a hotel. (Planning Permitting). Renovation Required.
The Stafford Court Hotel/ Public house dates back to 1611. It closed as a hotel a few years ago and is currently being used as a House of Multiple Occupation (HMO). The building has 14 rooms and our client has also applied for planning permission for a further 10 rooms on the lower floor which would give an increased yield. The building does require refurbishment and does suit a builder / developer more favourably.
The building would be ideal for conversion into apartments or flats (planning permitting). With a car park for up to ten vehicles to the rear this building (rare for the town centre).
Viewings can be booked by contacting our Auction Partner - Goodchilds Estate Agents on 01952 701019.
Freehold. Subject to tenancy.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fees apply:
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price 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. A full definition can be found within the Buyers Terms.
