Mixed Use
A freehold former school shop located within a prime position along Sheep Street and benefitting from planning consent for the creation of two residential units and four residential units.
The property comprises a mid-terraced three storey building of stone construction surmounted by a pitched and hipped roof benefiting from rear courtyard access with space for parking.
Configured to provide retail space formally used for the sale of clothes, extending to approximately 1,300 sq.ft. (120 sq.m). This is split into two separate trading areas with a rear storage area along with kitchen facilities, wc and rear courtyard area.
Accessed from a staircase located in the trading area leading to a landing and four large rooms, along with plumbing for a wc.
Accessed via a staircase leading to a landing and comprises two large rooms.
Planning permission has been granted by Stratford on Avon District Council dated 27 October 2017 for the creation of two separate commercial units to the ground floor and four residential units above under reference 17/02260/FUL.
We have been advised by the vendor the planning consent has been extended until October 2021. We have also been advised that an Asbestos survey has been carried out and over £5,000 has been spent to remove it and all the planning conditions have been discharged. A cost plan and architects drawings have also been created. Interested parties are advised to inspect the legal pack for more information.
The property is located in Shipton-on-Stour, a town and civil parish in the Stratford-on-Avon district in South Warwickshire. It lies about 8 miles south of Stratford-upon-Avon. The property lies within an area comprising a mixture of upmarket commercial and residential properties with many local retailers benefiting from tourist trade along with trade from the local area.
We are advised that VAT will not be chargeable on this transaction.
Vacant.
Freehold.
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 Fixed Fee.
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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
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
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.
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