59-67 Market Street, Crewe – (SOLD STC)

Freehold Town Centre Retail Unit Investment with Development Potential

 

 

this property is now sold STC

Property features

  • Substantial town centre retail property for sale
  • Very competitive rent
  • Ground floor sales: 5,672 sq ft
  • First floor storage or office: 5,575 sq ft
  • Close to national retailers such as Greggs, EE and Vodafone
  • EPC: D (82)

Property description

A large mid terraced retail unit with 5,600 sq ft of ground floor sales plus a similar quantity of first floor ancillary storage or office accommodation. The property is located in a prime location surrounded by large national companies on the pedestrianised section of Market Street in Crewe town centre. Crewe is currently undergoing huge regeneration with a scheme agreed in 2017 to drastically improve the area. The regeneration includes demolishing some of the older retail buildings and the old bus station and replacing these with a new shopping centre and bus station as well as a large multistorey car park, all of which will significantly benefit the area. The premises benefits from a substantial frontage to Market Street and a rear loading bay with hgv access, a goods lift and air conditioning to the sales area.

Location

The substantial retail unit is located in the middle of Crewe town centre close to national retailers such as Greggs, Vodaphone, EE and Claires Accessories. The site is also within 100 yards of the new bus station and multistorey car park currently being built.

Services

Mains electric, water and drainage are connected. Heating and cooling is provided by multiple air conditioning units. No services have been tested by the agents.

 

Tenure

available freehold, subject to contract and with vacant possession upon completion.

Business Rates

Rateable value £102,000
Rates payable £50,898 pa (23/24)
Note: Retail, hospitality and leisure relief – You could be entitled to 75% off your business rates bills for the 2023 to 2024 tax year (1 April 2023 to 31 March 2024).

Accommodation

Ground floor sales: 5,672 sq ft
First floor office/storage: 5,575 sq ft
WC: —
Total gia: 11,247 sq ft

 

Buyer’s Premium: Applies on the fall of the hammer. The purchaser shall pay a 10% deposit. Plus, In addition a buyer’s premium of 2% of the sale price + VAT upon the exchange of contract.

Please feel free to contact our sales and enquires team on 07718 933107 or 07971 033276 or Email us at sales@nalcgroup.co.uk

When registering to bid with us we will require 2 forms of ID (Passport, Driving Licence) to fit in line with the Anti Money Laundering Act.


Important Notices & Guidance Notes
Important notices
Pre-registration approval to bid, guide prices, reserves, additional charges and other matters.
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Guide Prices
  1. A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price.
  2. Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure.
  3. The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website, and you should check the website regularly for updates and on the day of the auction.
  4. All guide prices are quoted “subject to contract”.
  5. Please note the guide price for the Lot does not include: – any Buyers’ Fee charged by the auctioneers; – VAT on the sale price; – SDLT or any other Government taxes.
  6. Additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers.
  7. If a guide price is listed as “TBA”, it means no guide price has been set at present. Please do call our office about this. The guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction.
Reserve Prices
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  2. Whilst every effort is made to ensure that the advertised guide prices are up to date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price just before the Lot is offered for sale and you should check the website regularly for updates and on the day of the auction.
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  1. For each Lot, a documentation charge / Fee is payable on the fall of the hammer to NALC as follows:
Residential Auctions – Lots sold for £10,000 or more: Buyers’ Fee of £1,500 inclusive of VAT.
Lots sold for less than £10,000: Buyers’ Fee of £500 inclusive of VAT.
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  1. Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.
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  1. Please note that Lots may be sold or withdrawn at any time prior to auction.
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  3. Please refer to the addendum, the Particulars and/or the conditions of sale.
  4. Mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. © Crown Copyright. All rights reserved. Licence number 100022432. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty’s Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020
  5. The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing.
    1. 5a The Auctioneers do not warrant or represent that any plans or photographs show the up-to-date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.

 


Basic Facts

Date added: 29/05/23 Post Updated: 2023-11-27 15:25:16 Type: Status:
Area: 22938 sq ft

Features

Substantial town centre retail property for sale
Very competitive rent

This style property is located in is currently and has been listed on NALC Auctions. This property is listed at £ 320,000. It has bedrooms, bathrooms, and is 22938 sq ft. The property was built in year.