Low-price auction lot with clear conversion potential for investors.
- Vacant ground-floor retail unit, approx. 496 sq ft
- Busy main road location with passing trade nearby
- Leasehold: 999 years from 3 Nov 1975, title LA832526
- Sold at auction; immediate deposit and fees required
- Requires significant renovation and modernisation throughout
- Medium flood risk; area records above-average crime
- Very deprived local area may limit rental/resale demand
- EPC rating D; double glazing and gas central heating present
A vacant ground-floor retail unit on a busy arterial route, offered as a leasehold lot at auction. The property includes a front showroom, rear kitchen area and separate WC across approximately 496 sq ft. It benefits from passing trade and proximity to the town centre, making it suitable for a local business restart or a conversion/repurposing project.
The building is Victorian in style with double glazing and gas central heating, but it requires significant renovation. Internal photos and description show damaged flooring, basic fixtures and generally unkept rooms; the property is a clear fixer-upper and will need modernisation to deliver commercial or residential value. Flood risk is medium and the immediate area records above-average crime and high deprivation, which will influence tenant mix and rental values.
This lot is sold leasehold (999 years from 3 November 1975) and will be offered at online auction on 11–12 November 2025. Buyers should allow for auction fees, a buyer’s premium and administration charges, and must be ready to exchange and pay deposits promptly. Finance may be available, but purchasers must complete anti-money-laundering checks and inspect the legal pack for additional disbursements or title matters.
For investors or developers this is a low-price entry with short-term uplift potential if refurbished or converted, but it carries clear risks: renovation costs, location-related demand constraints, medium flood risk and local area socio-economic challenges. Interested parties should view in person, review the legal pack, and budget for immediate works and compliance costs.
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