Guest House
Severn Tudor House is an excellent investment opportunity close to the centre of Shrewsbury. Previously used as a high yielding HMO and most recently a guesthouse generating a reported income in excess of £100k per year.
This iconic building is said to date back to the 1600s and is set over 3 floors and offers close to 1,800 sq ft of accommodation. The property consists of 5 double bedrooms of which 3 have ensuite facilities with the remaining 2 double bedrooms having access to a bathroom. There is a kitchen, sitting and dressing areas as well as a utility with a hallway giving access to a garage with 1 parking spot. The seller has also informed us that there could be an arrangement for parking via a private parking area owned by one of the neighbours for guests.
Shrewsbury is a thriving town steeped in history and has many festivals and attractions to ensure high demand for serviced accommodation. The property has many uses and it is highly recommended you visit to fully appreciate the opportunity the Severn Tudor House offers.
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Allocated, Garage
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
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 auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).
The Buyers 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.
