6 And 6a Severn Terrace, Shrewsbury, SY11PF

Starting Price* £450,000
Time Left 23d 03h 54m 56s

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  • Overview
  • Particulars
  • Request Details
  • Agent Details
  • Fees & Charges Explained

Property Overview

A wonderful opportunity has arisen to purchase a particularly substantial property currently consisting of a large 1
bedroom ground floor apartment with walk-out balcony and a first floor 4 bedroom duplex apartment along with a
basement area currently operating as Lily's café and having a fantastic large rear sun terrace which overlooks and leads
down to the River Severn. This is a great residential / commercial opportunity for many prospective purchaser(s) and
this can only be fully appreciated by early viewing which comes highly recommended by the sole selling agent.
This property is for sale by West Midlands Property Auction powered by IAM Sold.

Services:
Mains water, electricity, drainage and gas are all available to the property. If there is a telephone installed it will be
subject to British Telecom regulations.
Tenure:
We are advised that the property is freehold but this has not been verified and confirmation will be forthcoming from
the vendor's solicitors during pre-contract enquiries.
Mortgage services:
We offer a no obligation mortgage service through our in house Independent Financial Advisor. Telephone our Office
for further details 01743 357 000 (OPTION 1 SALES).
Disclaimer:
Any areas / measurements are approximate only and have not been verified.
VACANT POSSESSION WILL BE GIVEN ON COMPLETION

Starting Bid and Reserve Price

*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is powered by IAM Sold.

Auctioneer's Comments

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £220.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

Accommodation 6 Severn Terrace: Hallway, lounge with walk-out balcony, kitchen, double bedroom with ensuite shower and wc, Accommodation 6A Severn Terrace: Hallway, lounge, kitchen / diner, bedroom with ensuite wc, first floor landing having three further bedrooms and shower room, Accommodation basement: Currently operating as Lily's café comprising: Bar / store, kitchen, cellar area, outside has delightful well established gardens with paved sun terrace bordering and overlooking and leading down to the River Severn, gas fired central heating. Ground floor apartment: The accommodation in greater detail comprises the following. All measurements are approximate only. Wooden entrance door with decorative stained glazed lead window above gives access to: Hallway: Having vinyl wood effect floor covering, radiator, cupboard housing heaters and consumer unit, double storage cupboard. Door from hallway gives access to: Cloakroom: Having low flush wc, hand basin, glazed window. From hallway door gives access to: Lounge: 16'3 x 14'1 (4.95m x 4.29m) Having two radiators, secondary double glazed sash window overlooking the River, coal effect gas fire set to a tiled hearth with decorative fire surround. Wooden framed glazed double doors from lounge gives access to: Walk-out balcony: Having outlook towards the Smithfield Road and over the River Severn. From hallway wooden framed glazed door gives access to: Kitchen: 12'1 x 10'0 (3.68m x 3.05m) Having eye level and base units, fitted worktops with inset 1 ½ sink drainer unit with mixer tap over (space for appliances), vinyl floor covering, radiator, glazed window to front. Door from hallway gives access to: Bedroom: 11'9 x 11'5 (3.58m x 3.48m) Having secondary double glazed window overlooking the River Severn, part glazed door giving access to the rear of property, radiator, large double wardrobes. From bedroom door gives access to: Shower room: Having tiled shower cubicle, wash hand basin and separate wc with wall mounted gas fired central heating boiler. Duplex apartment: Pedestrian gated access from the Smithfield Road leads to steps which lead to 6A Smithfield Road having: Part glazed wooden entrance door giving access to: Hallway: Having radiator, coving to ceiling, vinyl wood effect floor covering, glazed sash window. Door from hallway gives access to: Lounge: 12'2 x 10'0 (3.71m x 3.05m) Having fire hearth with decorative fire surround, radiator, glazed sash window to front, picture rail. Square arch from lounge gives access to: Kitchen / diner: 14'8 x 11'9 (4.47m x 3.58m) Having a range of base units with fitted work tops with inset stainless steel sink drainer unit with mixer tap over, four ring gas hob with cooker canopy over, integrated oven, vinyl wood effect floor covering, radiator, two upvc double glazed windows overlooking the River Severn, storage cupboard. Door from hallway gives access to: Bedroom: 16'0 x 13'11 (4.88m x 4.24m) Having glazed sash window to front, to side with pleasing River views and upvc double glazed window to rear with pleasing River views, two radiators. Door gives access to: Ensuite wc: Having low flush wc, pedestal wash hand basin, coving to ceiling. Stairs from hallway give access to: First floor landing: Having doors giving access to three bedrooms and shower room: Bedroom: 11'9 x 8'6 excluding recess (3.58m x 2.59m excluding recess) Having glazed sash window with pleasing River views, radiator, built-in wardrobe and storage cupboards. Bedrooms: 12'11 x 10'0 (3.94m x 3.05m) Having glazed sash window to front, radiator. Bedroom: 8'3 x 5'8 (2.51m x 1.73m) Having glazed sash window to front, radiator. Shower room: 8'11 x 5'8 (2.72m x 1.73m) Having tiled shower cubicle, low flush wc, pedestal wash hand basin, glazed window with pleasing River views, radiator, vinyl tiled effect floor covering, part tiled to walls. From the Smithfield Road gated pedestrian access leads down to: Basement area: Which currently operates as Lily's café and comprises: Lily's café: R/store: 16'3 x 13'11 (4.95m x 4.24m) Having tiled floor. Door then gives access to: Kitchen: 15'6 x 11'2 (4.72m x 3.40m) Having fitted worktops, twin sink, two glazed windows, tiled to walls, tiled floor. Door from kitchen gives access to: Cellar: 13'2 excluding recess x 11'11 max (4.01m excluding recess x 3.63m max) Currently having two storage sections with fitted power and light. Outside: The property occupies a fantastic position bordering the River Severn. To the rear there is a covered area, a large paved terrace with railings screening the River Severn. To the side of this there is a further paved sun terrace area ith a variety of mature shrubs, plants and bushes which border the River Severn.

Request full details for this property

Please complete the form below to receive full details about the property you are looking at.

Not in the UK?If you are not a resident of United Kingdom, please contact our Auction Team to discuss your options. All fields marked with an * are required. Please be advised that all calls made to and from iamsold are recorded. Calls are recorded for training and monitoring purposes and may also be used for complaint resolution. Calls are stored securely in accordance with General Data Protection Regulation requirements. Personal information submitted via the request details form will not be shared, rented or otherwise abused.

Holland Broadbridge

Local Branch: Agriculture House, Shrewsbury, SY1 1QJ
Head Office: Agriculture House, Shrewsbury, SY1 1QJ

Fees & Charges Explained

6 And 6a Severn Terrace, Shrewsbury, SY11PF

This property is sold subject to payment of a non-refundable reservation fee of 4.2% to a minimum of £6,000.00 including VAT.

Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.

A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.

This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.

A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement In the 28 day period following the auction or the date of acceptance of the offer.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

  • You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

Need More Information?

For further information or to speak to one of our team, please call 0121 366 0539.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.