fbpx

Commercial Property in Nuneaton

25 Market Place, Nuneaton, CV11 4HS

Lot no: 27 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* £295,000+plus fees Result Sold at Auction £330,000



Vacant freehold former bank premises with potential for alternative uses, subject to obtaining planning permission

Property Description

A freehold town centre four storey former bank unit premises, suitable for conversion to mixed use, subject to obtaining appropriate planning permission. The property comprises a four storey mid terraced building with a pitched roof, located in a highly prominent position along Market Place in Nuneaton. We are advised that the property has A1/A2 consent and comprises of a ground floor banking hall totalling approximately 1000 sq ft (92 sq m), along with WCs, cellar access and access to upper floors. The upper floors can be accessed either from within the banking hall or via a separate entrance to the front of the property. The upper floors are currently configured as office space with partition walls in places, which could be reconfigured for residential purposes, subject to obtaining the appropriate planning consent.

Location

The property is located in a highly prominent position along Market Street. The local area comprises of a mixture of national and local retailers with names such as H Samuel and Boots in the immediate vicinity. The property also benefits from a number of local car parks and good public transport links, owing to its centrally located position.

Tenure

We understand the property is Freehold and vacant possession will be given upon completion.

Viewings

See viewing schedule.

Tenure

Freehold. Vacant possession upon completion.


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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.