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.
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.
*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold.
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.
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 4.20% 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 £300.00 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.
Should you opt to use Conveyancing Services recommended by iamsold or the Partner Agent, please be advised that the iamsold will receive payment of up to £450.00 from the Conveyancing Provider for that recommendation where the services are taken, and a sale completes. It is important to note that recommended services are optional, and you should consider your options carefully before accepting any recommended services.
Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.
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This property is sold subject to payment of a non-refundable reservation fee of 4.20% to a minimum of £6,000.00 including VAT.
Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.
A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.
This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.
A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement in the 28 day period following the auction or the date of acceptance of the offer.
If the Buyer Information Pack has been produced and provided by iamsold any successful purchaser will be required to pay £300.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
For further information or to speak to one of our team, please call 0121 366 0539.
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.