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FORMER RESTAURANT WITH FIRST FLOOR ACCOMMODATION*, 69 Church Street, Oswestry, Shropshire, SY11 2SZ

For sale: £205,000.00|4,981 Sq Ft|Other, Restaurants/Cafes, Residential, Other Property Types & Opportunities, Licensed & Leisure

Property details

FOR SALE£205,000.00
SIZE4,981 Sq Ft
ADDRESSFORMER RESTAURANT WITH FIRST FLOOR ACCOMMODATION*, 69 Church Street, Oswestry, Shropshire, SY11 2SZ
TYPEOther, Restaurants/Cafes, Residential, Other Property Types & Opportunities, Licensed & Leisure
TENUREFor Sale Freehold
POSTED ON5th July 2022

Description

The property provides a prominently located property with a return frontage onto Church Street and Lower Brook Street that is in part three storey and part single storey with a basement area and has a yard area accessed from Lower Brook Street. There is off road parking accessed from Lower Brook Street.

The property is of traditional construction and is a former licenced restaurant. The property is arranged on the ground floor to provide a Total Gross Internal Floor Area of approximately 1,726 ft sq (160.36 m sq) including an open plan bar area and kitchen area. The first floor provides a Total Gross Internal Floor Area of approximately 1,368 ft sq (127.07 m sq) with a 2 bedroomed residential flat on the second floor.

There is accessed from the rear yard area a basement area that provides stores and a Total Gross Internal Floor Area of approximately 1948 ft sq (88.02 m sq).

The property provides a substantial property that would be suitable for various commercial and residential uses and the potential of the property can only be fully appreciated by undertaking an inspection of the property.

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 prominently located fronting onto Church Street and Lower Brook Street. The property is located adjacent to the junction of Church Street with Brook Street on the edge of Oswestry Town Centre. The property is located in area of mixed development and would lend itself to a variety of potential commercial and residential uses, subject to statutory consents.

Oswestry is an established market town of Shropshire, which serves as an administrative centre and market town that is located at the junction of the A5, A483 and A495. Oswestry had a total population of 17,105 at the 2011 census. The town is located approximately 18.5 miles North of the County Town of Shrewsbury, 27 miles south of the City of Birmingham and approximately 13 miles south of the town of Wrexham.


Prominently located former restaurant with extensive ground and first floor accommodation and 2 bedroomed residential flat

Large ground floor area with Total Gross Internal Floor Area of approximately 1,726 ft sq (160.36 m sq)

First Floor with a Total Gross Internal Floor Area of approximately 1,368 ft sq (127.07 m sq)

Two bedroomed residential flat arranged over the second floor

Former restaurant with the property being suitable for a variety of uses (subject to statutory consents) including residential conversion

For Sale by Modern Auction - T and C's apply

Subject to Reserve Price

Buyers fees apply

The Modern Method of Auction ( Agency Pilot Software ref: 48991 )

Location

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Location: FORMER RESTAURANT WITH FIRST FLOOR ACCOMMODATION*, 69 Church Street, Oswestry, Shropshire, SY11 2SZ

Gobowen (2.7 miles)

Chirk (5.3 miles)

Ruabon (9.0 miles)

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