About this property
FOR SALE BY ONLINE AUCTION
THURSDAY 11TH FEBRUARY 2021
GUIDE PRICE £250,000+
Investment opportunity comprising two storey commercial property in a town centre position. Being sold vacant and about 1,194ft (111m) overall. Until recently producing an income of £30,500pa.
Situation & Description
Investment opportunity comprising two storey commercial property in a town centre position.
Being sold vacant and about 1193.5ft (110.9m) overall. Until recently producing an income of £30,500pa.
The Roman town of Cirencester is often referred to as the Capital of the Cotswolds and is extremely accessible being at the intersection of the Fosse Way and Ermin Way. The latter provides virtual dual carriage access to both the M4 at Swindon and the M5 at Gloucester. There is a fast and regular Great Western Train service from Kemble (about four miles) to London Paddington which takes approximately 75 minutes with stops at Swindon, Didcot and Reading.
The property which is situated in the vicinity of many national retailers comprises on the ground floor about 641.6ft (59.6m); retail area, office and store with rear access. On the first floor about 551.9ft (51.3m); large office, kitchen area, store and cloakroom.
The property offers the prospect of converting the first floor to a residential apartment (subject to planning) whilst retaining the retail element below.
To arrange a viewing, contact: Malmesbury Office 01666 829292
The viewing slots are in 45minutes/ 1 hour blocks split into 15 minute slots twice a week.
Whilst we are working towards a time where we can get back to full capacity, we will be prioritising proceedable buyers and tenants in the first instance.
Only 2 adults from the same household to attend, no children are permitted please.
Viewings will last a maximum of 15 minutes.
Do not enter the property until it has been completely opened up by the member of staff and they have given you permission. Staff and customers to wear face coverings and gloves.
Where possible, all doors will be opened and lights switched on prior to the viewing.
Customers should avoid touching anything in the property and should inform the staff member if they do.
Staff and customers are to please adhere to the 2m social distancing rule and to respect each other's personal space and needs.
Door handles and surfaces will be wiped down after each appointment.
If you have any concerns with any of the guidelines above, please contact the relevant Strakers office and we would be happy to discuss them with you and hopefully put you at ease.
You can download the legal packs via our website www.strakers.co.uk and going to the auction home page by using the services heading at the top of the page. Click on the light blue tab under the next auction date displayed on the calendar. This will produce a lot list, select a lot of interest, this pulls up further details on the property - on the right under the photos click View Legal Documents - You will need to sign-up by entering your email address and creating a password the first time but this will stay valid for all of our future auctions. The legal pack may not be available straight away, but as long as you have registered to receive it you will be notified as soon as it is available.
Reserve & Guide Price
Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
If you are the successful bidder, you will then be asked to sign the auction contract and pay a 10% deposit and a buyers fee of £600 including VAT on any Lots purchased at or below £99,999 or £1,200 including VAT on any lots purchased at £100,000 or above.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements and distances are approximate only. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.
Old Bear House 53 High Street Malmesbury Wiltshire SN16 9AG