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Agent's details

COMMERCIAL INVESTMENT OPPORTUNITY*, 5 High Street, Ellesmere, Shropshire, SY12 0ES

For sale: £155,000.00|1,408 Sq Ft|Restaurants/Cafes, Licensed & Leisure

Property details

FOR SALE£155,000.00
SIZE1,408 Sq Ft
ADDRESSCOMMERCIAL INVESTMENT OPPORTUNITY*, 5 High Street, Ellesmere, Shropshire, SY12 0ES
TYPERestaurants/Cafes, Licensed & Leisure
TENUREFor Sale Freehold
POSTED ON14th December 2021

Description

The property provides a prominently located three storey property with a single storey bedsit in the centre of the town of Ellesmere which currently trades as a restaurant. The property is currently arrange to provide seating for approximately 26 people on the ground floor and potential further seating on the
upper floor levels.

The property is Grade II listed and benefits from a number of historic features. The property is arranged to provide a bedsit at the rear of the property which provides the opportunity to live in the property alternatively the upper floor levels could be converted to provide residential accommodation, subject to any statutory consents.


Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the
preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.



The property is situated fronting onto High Street in the centre of the town of Ellesmere. Ellesmere is an established tourist and market town benefiting from the proximity of the Mere Lakes. The town strategically serves a large rural catchment area and the property is strategically well placed in the town centre close to the public car parks.

FOR SALE BY AUCTION

Commercial investment opportunity

Three storey mid terraced property in need of comprehensive refurbishment

Property is offered for sale through the Modern Method of auction which is operated by iamsold Limited










( Agency Pilot Software Ref: 33235 )

Location

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Location: COMMERCIAL INVESTMENT OPPORTUNITY*, 5 High Street, Ellesmere, Shropshire, SY12 0ES

Gobowen (6.1 miles)

Chirk (7.2 miles)

Wem (8.2 miles)

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