20,000 sqft mixed use building with vacant possession

The premises provide spacious accommodation over 5 floors with a basement/parking area, ground floor with counter and sorting room to the rear (ground floor circa 4,000 sq ft), first floor former social club (unable to measure at the time of inspection) and four flats (two per floor) to the second and third floor, two of the flats having sea views. The flats have been empty for about 15 years and the whole premises will be offered for sale with vacant possession.

THE PROPOSAL
There is potential to develop the property with further flats, subject to planning permission. It is considered that this property will appeal to investors, owner/occupiers and developers alike. It is one of the largest commercial properties within the town and has the rare advantage of access and parking to the rear. We are instructed to offer the freehold for sale with a quoted asking price of £550,000, all offers will be considered. The property is in a conservation area, is not listed and could be suitable for development/conversion subject to any necessary planning consent.

LEGAL ADVICE
We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.

PLANNING
It is the responsibility of the proposed buyer to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the buyer’s responsibility.

SERVICES
Mains electricity, water and drainage. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting https://checker.ofcom.org.uk

VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.

VIEWING
Strictly by appointment through the selling agents.

RATEABLE VALUE
£26,000 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.