Mixed use building
An outstanding opportunity to acquire a substantial freehold Georgian property occupying a prominent position on Bridgnorth High Street . The ground floor commercial premises is currently let and generates £7,000 per annum, providing an immediate income stream while the upper three floors and attic remain available for redevelopment. The property is to be sold as one freehold lot, presenting the opportunity to enhance both the capital value and future income potential.
Arranged over three principal storeys together with an attic and benefitting from a later rear extension, the building offers a versatile layout that could lend itself to a variety of uses, subject to the necessary planning permissions. The existing configuration provides scope for conversion into approximately seven luxury apartments, with the potential for an additional apartment above the rear extension. Alternatively, the property could accommodate up to thirteen high-quality serviced accommodation suites, creating an excellent opportunity for Airbnb, a boutique bed and breakfast or a small hotel in this popular tourist destination.
The building retains many attractive period features, including traditional sash windows and a distinctive corbelled roofline, while a separate entrance accessed via an elegant elliptical archway provides independent access to the upper floors. The attic accommodation benefits from excellent natural light and the upper floors enjoy attractive views across Bridgnorth High Street.
Bridgnorth is one of Shropshire's most popular and historic market towns, attracting visitors throughout the year thanks to its independent shops, cafés, restaurants, heritage attractions and regular events. Its strong tourism market and vibrant town centre make the property particularly well suited to residential conversion or serviced accommodation, subject to obtaining the necessary consents.
* Plus % Buyers Premium + VAT
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Mixed use property
Potential to convert (STPP)
Commercial Unit Generating £7,000 PA
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
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.
Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.
All auctioneer fees and deposits stated are non-refundable. The deposit will be applied toward the final purchase price. Auctioneer fees, while not contributing to the purchase price, will still be included in the total chargeable consideration of the property when calculating Stamp Duty Land Tax, Land Transaction Tax, or Land and Buildings Transaction Tax (as applicable depending on whether the property is located in England, Wales, or Scotland).
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