Description:

A two storey mixed use part let investment within the historic village of Market Drayton. The ground floor retail unit was formerly a florist but is now vacant, both flats are currently occupied on AST agreements. The tenant for Flat 1 has been in occupation for approx 10 years, and the tenant in Flat 2 approx 3 years.

Location:

The property is located on Shropshire Street a couple of streets away from High Street. There are a number of local coffee shops, restaurants and other amenities in the area such as Asda, Post Office, library and pay & display car parks. Market Drayton is close to the Cheshire and Staffordshire borders. It is located between the towns of Whitchurch, Wem, Nantwich, Newcastle-under-Lyme, Newport and the city of Stoke on Trent, with access via A53 to Newcastle-under-Lyme to the East and Shrewsbury to the West.

Accommodation:

Ground Floor Retail
Retail area : 339 sq ft (31.49 sq m)
Rear room : 156 sq ft (14.46 sq m)
Kitchen : 44 sq ft (4.10 sq m)

Total : 539 sq ft (50.05 sq m)

There is a cellar accessed from a wooden staircase in the kitchen. The cellar is not full height but useful for storage.

Paragraph:

Flat 1
Accessed from front door on the main road
Lounge : 249 sq ft (23.11 sq m)
Kitchen : 59 sq ft (5.50 sq m)
Bedroom : 176 sq ft (16.37 sq m)
Storage : 24 sq ft (2.19 sq m)
Shower room : 39 sq ft (3.61 sq m)

Paragraph:

Flat 2
Accessed from the rear
Ground floor Kitchen : 134 sq ft (12.44 sq m)
Stairs to first floor
Lounge : 263 sq ft (24.46 sq m)
Bathroom : 60 sq ft (5.62 sq m)
Bedroom : 143 sq ft (13.32 sq m)

There is a car park to the rear which is not owned by the seller but we understand permits can be available at a cost from a third party.

Rating:

The VOA website advises the rateable value from 1st April 2026 is £7,500. The standard non-domestic business rates multiplier is 55.5p. The small business multiplier is 49.9p up to a rateable value of £50,999. Small Business may benefit for up to 100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.

Bjb recommends interested parties make their own enquiries into the business rate payable any further business rate relief which may be available.

Legal Pack:

Purchasing a property at auction is a firm commitment that carries the same legal implications as a signed contract by private treaty. It is important that you consult with your legal adviser before bidding and also your accountant regarding the impact of VAT, if applicable, on the sale price. The legal pack can be viewed online via our website www.buttersjohnbee.com. Legal packs can also be viewed at the selling office. These documents should be passed to your legal adviser as they will help you make an informed decision about the lot. If you need further legal information please contact the vendor's solicitor whose details will be in the auction catalogue. Remember that you buy subject to all documentation and terms of contract whether or not you have read them.

Internet, Telephone & Proxy Bidding:

Interested in this lot but can't attend the auction? You can bid by internet, telephone or by proxy by pre-registering with our auction department on 0800 090 2200 or email auction@bjbmail.com. Further details are available in the catalogue.

Guide Price:

An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price:

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Butters John Bee Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering purchasing your property in order to rent, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.

Butters John Bee Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.