For sale by Conditional Online Auction.
On behalf of Belvoir - Wrexham
Excellent Freehold Investment Opportunity
Tremendous Freehold Investment Opportunity For the shrewd investor this represents a real opportunity to develop a High Street property to provide a very attractive yield and what marks this property out is the variety of options it offers, as well as the size of the plot itself. It also has five garages/outbuildings to the rear.
This Freehold, extended semi detached building was originally two separate terraced dwellings which is currently unified as one dwelling but could be suitable for a variety of uses including separate dwellings or commercial /mixed use accommodation, subject to planning consent.
There is both a side gate and pathway to the rear as well as gated access to the rear of the property from a side road, which goes around to the back of the property, this road being owned by the property owner. Here you will find an enclosed gated rear garden area which measures approximately in excess of 100 feet in length. There is also plenty of off road parking facilities as well as five garages/outbuildings, an enclosed decking area and a canopied area immediately behind the dwelling, with parking for up to two vehicles as well as access to two separate cellars under the dwelling.
Entrance The extension to the dwelling has been developed at the front with two
separate uPVC front doors however, once inside both of the immediate
ground floor rooms are connected.
Ground Floor The two rooms on the inside of these two uPVC external doors are
interconnected, on the left hand side as you look at the building from the
outside is Unit 14 , whilst Unit 12 is on the right hand side.
Unit 12 Front Room 4.73m x 3.80m Front facing uPVC double glazed window with Venetian blinds, wood
laminate flooring, internal door on left hand side leads directly into the front
room of Unit 14, wall mounted RCD and two ceiling lights. At the rear of
the room there is a step up to a ground floor, kitchen.
Unit 14 Front Room 5.04m x 3.64m Front facing uPVC front door, front facing uPVC double glazed window
with Venetian blind, non slip flooring, wall mounted RCD and two ceiling
Ground Floor Kitchen 3.30m x 2.75m Rear facing uPVC double glazed window and rear facing uPVC double
glazed external door with privacy glass, a range of base and wall
cabinets in a light wood finish with inset bowl and half sink with mixer tap,
plumbing for washing machine and stand alone oven. Wood laminate
flooring, two ceiling fitted spot lights and internal door to Shower Room.
Shower Room A contemporary fitted shower room comprising of a low level wc with
push button flush, pedestal wash basin, corner shower cubicle with
curved glazed doors and a fitted Redring shower unit, fully tiled walls,
extractor fan, encased light fitting and wall mounted bathroom cabinet.
Inner Hallway With three internal doors running off (Bathroom, wc and storage cupboard
with louvre doors)
Downstairs WC Low level wc with wall mounted wash basin, fully tiled walls, storage
shelving and vanity mirror.
Bathroom Rear facing uPVC double glazed window with privacy glass, pedestal
wash basin, bidet, panelled bath with mixer tap shower attachments with
glazed shower screen at the side.
Stairwell to First Floor Carpeted staircase with hand support on both side leading to a small
landing where you have three internal doors running off ( lounge/kitchen &
Lounge 4.14m x 4.02m A well proportioned room which a front facing uPVC double glazed
window, feature fire place with a traditional styled log burner gas fire and
slate hearth. Light fitting and fan with open squared arch to Kitchen.
Kitchen 4.02m x 2.31m A range of base and wall cabinets in a teak effect finish, integrated
cooker with inset gas hob and extractor above. Inset bowl and a half sink
with mixer tap, 3 spot light fitting. Rear facing uPVC double glazed
window and rear facing uPVC double glazed external door that opens out
onto timber balcony with views over the rear of the property.
Bedroom One 3.71m x 2.90m Front facing uPVC double glazed window with roller blind, fitted bunk bed
and storage unit and ceiling rose.
Bedroom Two 3.71m x 2.34m Rear facing uPVC double glazed window with Fastoon blind, laminated
floor and ceiling rose.
External The area behind the property is of a significant size and measures well in excess of 100 feet in length and may not only accessed from the rear of the building but also there is a right of way around the back where there is a full height, vehicle access gate into the courtyard. This space is a major additional attribute offered by this property which could offer provision for a commercial business(es) (subject to any appropriate planning conditions).There are five existing garages/outbuildings already in situ which offer several options in terms of further income generation opportunities whilst still offering off road parking for two vehicles immediately behind the building. At the rear of the property there is also access to two cellars which are suitable for storage.
Note: The address on the special conditions are: 12–14 High Street, Coedpoeth, Wrexham, LL11 3SB, Land at the back of 12 High Street, Coedpoeth, Wrexham, LL11 3SB and Land on the North Side of High Street Coedpoeth, Wrexham
EPC Rating: G
The auction for this property will be conducted online through our online-bidding platform. This is a "Timed Auction", so there are no other lots being sold alongside this property.
The timeslot for the auction is displayed on SDL Property Auctions' website. To view this, search for the property via their website, then click onto the property to view the property details. The time remaining to bid, and end date of the auction, is displayed on the page.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Property Auctions' Buyers Terms (England & Wales) which are available to read on SDL Property Auctions' website.
Auction type - Conditional with Reservation Fee
If you are the highest bidder when the auction for the property comes to an end, you will enter into a reservation agreement with the seller. You must then pay the applicable reservation fee. You will then have 40 business days within which to exchange contracts and complete the sale, unless the Special Conditions of Sale contained within the Legal Pack specify a different time limit. If you fail to do so, you may lose your reservation fee. During the 40-business day reservation period, the seller is not able to accept other offers.
The following non-refundable fees apply:
Reservation Fee- payable immediately when the auction ends. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Reservation Fee is subject always to a minimum of £6,000 (including VAT). The Reservation Fee does not contribute to the purchase price.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Special Conditions carefully before bidding. Any additional fees are included at the seller's discretion, not on the instruction of SDL Property Auctions, and will be in addition to any fees payable to us. SDL Property Auctions has limited control over the content of the Special Conditions of Sale.
This property is listed under the Conditional with Reservation Fee sale method, therefore the deposit will be payable on exchange of contracts and executed via the solicitors. The amount to be paid will be listed in the Special Conditions of Sale.
When you register to bid, you will be prompted to provide your payment details to SDL Property Auctions. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Reservation Fee. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted.
Example: You win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows:
Reservation fee of £7,200 – calculated as 4.8% of guide price - this will be charged immediately after the auction if you are the winning bidder.
As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment:
£960 for Reservation Fee shortfall (£8160 due as 4.8% of actual purchase price)
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
To view the legal pack, first search for the property on SDL Property Auctions' website, and click onto the property to view the property details. There will be a sub-heading "Legal Documents". Underneath this, you will be prompted to "Log in to view the legal documents". Follow this link, you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Property Auctions' terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
To register to bid on the property, search for the lot on SDL Property Auctions' website. Click onto the property, follow the link to "Log in/register to bid", and you will then be directed to create an account with the online-bidding platform provider, EIG.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.