5th & 6th March Property Auction Preview (#375896)

Online auction date 5 & 6 March 
Guide Price £395,000+
Freehold 
Previous planning for a mixed use scheme
Sold with vacant possession 
Poor condition throughout
Suitable for re-development 
Rear vehicular access from North Walls
Total site area of approx. 0.64 acres 
EPC rating of C

OVERVIEW
For sale by online auction, the former M&S store has recently become available to purchase.
The building is predominantly of brick construction with a flat roof and mostly two storey. A newer single storey section fronts Salter Street.
The main pedestrian entrance to the property is from Gaolgate Street. There is a goods entrance via a roller shutter loading door at the northern end of Salter
Street, at the junction with North Walls.

Staff parking is on the rear boundary of the site, accessed from North Walls. Trespass clothing store occupies the unit to the left hand side and to the right hand side the unit is currently vacant and available to rent. Nearby retailers include, Go Outdoors, Ryman Stationers and Kutchen Haus.

The site offers good re-development opportunities. Consent was previously granted for a mixed use retail and residential under ref 21/35175/OUT.

Floor Area
Total approx. area: 3,123.7 m2 / 33,624 ft2 (taken from Valuation Office Agency)

Site Area
0.64 acres / 0.26 hectares (taken from Edozo Maps)

Business Rates
The property has a rateable value of £156,000 with effect from 1 April 2023.

EPC
The energy rating assessment falls within band C.
https://find-energy-certificate.service.gov.uk/energy-certificate/9756-3095-0565-0300-6901

Tenure
Freehold.

Legal Pack
https://www.johnpye.auctiondocs.com/

Guide Price
£395,000+

Buyer’s Premium
3% (min. £4,500) inc. VAT.

Viewings
External viewings only