Mixed Use in Telford

66-67 High Street, Madeley, Telford TF7 5AU
  • Lot No: 146
  • Property Type: Mixed Use
  • Contract Type: Unconditional with Variable Fee

Guide Price* £290,000+ plus fees

Result Sold at Auction £300,000

Property Description

DRAFT DETAILS A mixed commercial and residential property with seven flats. This substantial mixed-use building contains a ground floor commercial premises, previously used as a hair salon along with a one bedroomed self-contained flat and six bedsits (five doubles and one single). The property is located a short distance from Madeley town centre. Madeley has undergone a regeneration scheme in recent times which include new offices, shops as well as a Tesco supermarket – all within walking distance of the property. Telford town centre is approximately four miles from the property and offers a whole range of popular and convenient amenities including many shops, bars and eateries. Transport links include Telford Central train station as well as local connections to M54, M6 and M1 motorways. Please note: This property is being sold by receivers. We have been made aware that the original legal owner has raised a dispute with the lender, however the receivers solicitors have confirmed that this will not prevent the sale to a prospective buyer.

Ground Floor:

Commercial premises.


Upper Floors:

Self-contained one bedroom flat and six bedsits.


Note:

The property also includes access to an area that has been used for parking to the north of the building and tinted pink on the plan with access rights for vehicles tinted brown.


Please Note:

Please be advised that the auctioneers have not personally inspected the property. Room measurements will not therefore be provided. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.


Buyers Fee:

The buyers fee on this lot will be 1% plus VAT of the sale price.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 26th January 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

66-67 High Street, Madeley, Telford TF7 5AU