Auction sale — small urban retail investment with refurbishment potential.
Freehold two‑storey retail unit, circa 475 sq ft
A compact two‑storey freehold retail unit on Stoney Stanton Road, offered vacant and sold at public auction with a guide of £125,000–£145,000. The ground floor retains a double-fronted shop layout (previously an optician) with two rooms; a small first floor provides an extra room, an office and WC. Total internal area is about 475 sq ft — suitable for an independent retailer, small service business or conversion to alternative commercial use (subject to consents).
Practical advantages include vacant possession, double glazing and mains services reportedly connected, alongside easy access to local amenities and bus routes. The property sits in a busy urban parade where on-street parking is available; nearby schools and community facilities give ongoing footfall potential. It is being sold via room and livestream auction; buyers should note the advertised administration and buyer’s premium fees and consult the legal pack for further costs.
Material considerations are clear: the area records high crime and very high deprivation, which will affect tenant mix and rental levels. The EPC is rated D. Services are stated but not tested; heating details are inconsistent in the listing so confirm via the legal pack and survey. The unit is compact and dated — sensible purchasers should budget for refurbishment and possible remedial works.
This is primarily an investor or small business opportunity for someone comfortable with auction purchase mechanics, short-term refurbishment and managing a property in a challenging urban location. Due diligence is essential: check the legal pack for tenure confirmation, any public notice/repossession details, disbursements and planning history before bidding.
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