14 bedroom House of Multiple Occupation in Market Drayton

Former Stafford Court Hotel, Stafford Street, Market Drayton, Shropshire TF9 1HY
  • Lot No: 41
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Reservation fee
Goodchilds Estate Agents

Guide Price* £195,000+ plus fees

Result Sold at Auction £195,000

Property Description

Planning permission has been applied for a further 10 HMO rooms and en‐suites. With car parking to the rear and a good central location in Market Drayton, the building is ideal for conversion to apartments or flats, business use or back to a hotel. (Planning Permitting). Renovation Required.

Business History

The Stafford Court Hotel/ Public house dates back to 1611. It closed as a hotel a few years ago and is currently being used as a House of Multiple Occupation (HMO). The building has 14 rooms and our client has also applied for planning permission for a further 10 rooms on the lower floor which would give an increased yield. The building does require refurbishment and does suit a builder / developer more favourably. The building would be ideal for conversion into apartments or flats (planning permitting). With a car park for up to ten vehicles to the rear this building (rare for the town centre).


Viewing Details

Viewings can be booked by contacting our Auction Partner - Goodchilds Estate Agents on 01952 701019.


Tenure

Freehold

Conditions of Sale The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.   The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.   A 5% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.   *Guide Prices and Reserve Prices Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of the Guide Price and the Reserve Price click here.   Energy Performance Certificates EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.    Unconditional Auction Method (with reservation fee) Contracts are exchanged on the fall of the hammer and a 5% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price.   Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or cheque deposits. Remote bidding facilities are also available.   Auction Fees The sale of this lot is subject to a reservation fee of 4.8% including VAT or 4.2% including VAT for London (subject to a minimum of £6,000 including VAT). This does not contribute towards the purchase price and is payable on the fall of the hammer.     The Reservation fee represents a different set of charges to the regular auction lots. A reservation fee is payable by the buyer where a seller has opted to sell with no fees. However, as a result, a lower reserve price is usually agreed. The reservation fee does not contribute toward the purchase price.   The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction office.   The buyers administration fee does not apply to this property.

Auction Details

Date 02nd November 2017

Venue Derby Auction
The Pedigree Suite, Pride Park Stadium, Derby, DE24 8XL

Lot Information

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Map

Former Stafford Court Hotel, Stafford Street, Market Drayton, Shropshire TF9 1HY