Three-storey Victorian property with income and conversion potential.
Three-storey Victorian commercial building, approx. 1,066 sq ft
New 9-year lease from Jan 2025 producing £29,460 per annum
Private forecourt with off-street parking for four vehicles
Potential for residential conversion subject to planning permission
EPC rating E; building needs modernisation and energy upgrades
Damp risk noted; walls likely uninsulated (pre-1900 construction)
Located in town centre with good broadband and mobile signal
Sold at auction: 5% deposit and 4.8% buyers’ fee (non-refundable)
Set across three floors in a prominent Victorian mid-terrace on Market Street, this freehold commercial property offers immediate income and clear upside for investors or an owner-occupier. A new nine-year lease from January 2025 generates £29,460 pa, with three-yearly reviews. The lot includes a private forecourt providing off-street parking for four vehicles — a rare central-Buxton advantage.
The building is substantial at about 1,066 sq ft with multiple large rooms, high-street frontage and generous windows that suit retail, office or alternative commercial uses. The property’s period features and size also create potential for residential conversion subject to planning. Construction predates 1900 with sandstone/limestone walls and double glazing; mains gas central heating is via boiler and radiators.
Buyers should note material points plainly: the EPC is rated E and the building requires modernisation in parts (damp risk flagged in the description and assumed lack of wall insulation). The neighbourhood records higher crime levels than average and this may affect certain uses or insurance costs. The sale will be by auction (unconditional sale) — contracts are binding at fall of the hammer and buyers must pay a minimum 5% deposit plus a non-refundable buyers’ fee (4.8% of purchase price, minimum £6,000 inc. VAT). Read the legal pack carefully before bidding.
This is an honest opportunity for a buyer who wants immediate rental income with scope to add value through refurbishment, change of use or longer-term repositioning. Its central town location, parking and size make it especially relevant to investors and developers comfortable with auction procedures and light-to-medium refurbishment projects.