Bidding opens Monday 23rd June 2025 at Midday and closes Wednesday 25th June 2025 at Midday
Description
Bidding opens Monday 23rd June 2025 at Midday and closes Wednesday 25th June 2025 at Midday
Town Centre Mixed Use Investment/Development Opportunity
An opportunity to acquire a substantial mixed use investment/development opportunity, comprising of 3 x retail units along with 2 x 2 bedroom self-contained apartments. There would be further scope to convert some of the additional upper floor accommodation to residential, subject to all usual consents. We are advised that the ground floor of 51 Broad Street was previously occupied by a sports retailer. To the first floor is extensive ancillary/storage space along with w/c providing potential for further development. 52 Broad Street, was previously occupied by a betting shop, having dual access provided by double loading doors at no 4 Severn Street. 4 Severn Street is a three storey retail premises again providing potential for development to the two upper floors, subject to usual planning consents. Also located above 51/52 Broad Street on the top floor are the 2 x apartments, which are accessed via an external staircase to the rear of the building, the main access point is via a shared passageway with the adjacent building. We are advised that the property benefits from mains gas, water, electricity and drainage.
The building is located on the High Street of this popular market town, close to the Welsh/English border. The town benefits from a train station and other commuter links along with a number of Local and National retailers along with a selection of local amenities.
Please refer to Floor Plan for further information.
51 Broad Street We are advised that the ground floor measures approximately 71.81 sq m/ 773 sq ft to the ground floor, to the first floor is extensive storage with w/c facilities measuring 76.5 sq m / 824 sq ft.
52 Broad Street Former retail space measuring 181 sq m / 1954 sq ft. Retails space, with staff room and storage with w/c facilities, additional customer and disabled toilets. Double loading doors to Severn Street.
4 Severn Street Three storey retail premises, with the ground floor retail area measuring approximately 32.5 sq m/ 350 sq ft. Further storage/office facilities set over the upper two floors measuring approximately 155.25 sq m/ 1672 sq ft.
Further Residential Element comprising 2 x 2 Bedroom apartments Through Auction House Wales on 02920 475184
Viewings
Tenure: See Legal Pack
EPC Rating: 51 - E, Flat at 52 - D & Maisonette at 52 - E
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
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- Commercial Property
- Unconditional (Immediate Exchange)
Call the team on 01633 212 555 for more information
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