Call 0800 038 5996

Guide Price: £280,000.00

Modern Method of Auction

84 & 86 Cricklade Road , Gorse Hill , Swindon , SN2 8AF

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AUCTION SOLD

Lot Number: 14323651

Property ID: 75770734

Whoobid Auctioneers

djacobs@whoobid.co.uk

01202 137200

Guide Price

£280,000.00

Method of Auction

Modern

Property Type

Commercial

Number Of Beds

1

Tenure

Freehold Property

Address

84 & 86 Cricklade Road

Key Features

• Development Opportunity With Planning Permission Granted
• Vacant Commercial Unit
• Mid Terrace Property Located On A Busy Local Shopping Parade
• Property Comprises Two Shops With Potential To Be Used As One Unit Or Two Units
• First Floor Comprises Gents & Ladies Toilets, Staff Kitchen, Seating Area And Storage Area
• Planning Permission Granted June 2022 To Build 2 Flats On The First Floor
• Potential To Build 2 Further Flats On The Second Floor (STPP)
• Permission Granted For Change The Use From Bank To Class E For The Shop, And Class C3 For The First Floor Flats
• Potential To Be Let At Annual Rent Of £27,500
• Buyers Fee Applies
• Pre Auction Offers Considered
• Auction Pack Available on Request

Description

For sale by online auction is this vacant commercial premises situated on a busy shopping parade. The property currently comprises two ground floor shops with the potential to operate as 2 individual units or as one. The first floor comprises staff kitchen, seating area, storage area and both male & female toilets. Planning permission was granted in June 2022 to build 2x one bedroom flats on the first floor, with potential to build a further 2 flats on the second floor (subject to planning permission).

More recently, an application was made for shop front with two doors. This application was validated on 8th November 2022.

Plans available from Swindon Council website under application no S/22/0165 AND S/22/1641.

To the rear of the property is a free public car park. It's our understanding that the property currently has the potential to be let at around £27,500 per annum.

This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange, or the vendor is free to remarket the property and the reservation fee will not be returned. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE SALE PRICE.
Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property you will be required to complete further identity checks for anti-money laundering purposes, provide card and solicitors details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.

**Guide price - This is an indication of the seller’s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.

Property Brochure

Download Link:  Must be logged in!

Property Auction Pack

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EPC

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Floor Plan

Download Link:  Must be logged in!

**These particulars are produced by the advertising agent and not
verified by Whoobid, they are believed to be correct but their accuracy
cannot be guaranteed and they do not constitute an offer or form part of
any contract.**

Map Location

Property Location

Address: SN2 8AF

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Agent's Information

Name: Whoobid Auctioneers

Address: LONDON, Dorset, EC1V 2NX

Telephone Number: 01202 137200

Email: djacobs@whoobid.co.uk

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