Lot 77 - Freehold Tenanted Commercial Unit And Development Opportunity
144/144a, 144b & Cottages, Rear Of High Street, Essex, CM9 5BX
Guide Price: *
£350,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£323,000Bid history
30 bidsSThis is an automatic bid as the bidder has set a maximum bid for this lot
01/05/2024 13:24:46 - £323,000
R
01/05/2024 13:24:46 - £322,000
SThis is an automatic bid as the bidder has set a maximum bid for this lot
01/05/2024 13:19:55 - £321,000
See all 30 bids ▾
Guide Price* : £350,000 - Plus
Currently let at £8,000 per annum
This commercial investment and development opportunity is situated on Maldon High Street within close proximity to other shops, bars, cafes and restaurants, as well as recreational facilities available at Maldon's Hythe Quay and Promenade Park.
Situated on the Blackwater Estuary, Maldon has supermarkets and retail parks with further High Street shopping, amenities and recreational facilities in the City of Chelmsford approximately 10 miles to the west by vehicular access on the A414.
The subject property is made up of a ground floor commercial investment with flat above, in need of modernisation and improvement, a former coach house with potential, and two three storey cottages in need of finishing off.
144 High Street - (The Waffle Bar)
Ground Floor
Main sales area plus additional seating area (24 covers in total), kitchen, inner hallway and cloakroom/W.C.
Tenancy
Let on the terms of a commercial lease at a current rental of £8,000 per annum.
144A High Street
First Floor Flat
A residential flat in need of modernisation and improvement, above The Waffle Bar.
Ground Floor
Entrance hallway plus one room.
First Floor
Landing, three rooms, all in shell condition and requiring complete fit out.
Council Tax Band - Deleted
144B High Street (Coach House) - Ground Floor
Open space with staircase up to upper level.
Cottages
Rear 144 High St
Each cottage is a mirror image of the other and both have accommodation comprising:-
Ground Floor
Entrance into kitchen/dining room area, rear lobby with stairs to first floor.
First Floor
Landing, one room and bathroom.
Second Floor
Landing, room with partial restricted head room and skylight window.
Outside
There is a hardstanding area to the side of each cottage and a courtyard garden to the rear.
Planning
Planning Permission was granted by Maldon District Council on appeal under planning reference FUL/MAL/15/00688 dated 15th June 2015, for the erection of two semi-detached cottages with off street parking on the land to the rear of 144B High Street, Maldon, Essex, CM9 5BX, subject to conditions.
In addition, Planning Permission was granted under reference 13/00562/LBC, dated 4th September 2013, but has since expired, for the conversion of the existing coach house into a live/work unit and two storey side extension including new carriageway arch for access to rear, subject to conditions.
However there is also planning application that was approved under reference 09/00591/FUL dated 25th September 2009 for use of building for B1 use and two story side extension including new carriage way for assess to rear.
Whilst some work (including the new carriageway arch) has started on the coach house, the validity of this Planning Permission would need to be confirmed with Maldon District Council.
Copies of the Planning Consents and accompanying documents may be downloaded from the Local Planning Authority website, maldon.gov.uk. Tel: 01621 854477.
Site Measurements
The total site extends to 0.05 hectares (0.12 acres).
Auctioneer's Note
We have been advised by the seller that elements of the cottages do not meet the Building Regulations required and require alteration. Further information will be available within the legal pack which can be downloaded from the Clive Emson website.
Freehold with Part Vacant Possession
Summary
- Lot number
- 77
- Auction end
- 1st May at 13:29
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 3
- Bathrooms
- 3+
- Council tax band
- Ask Agent
Summary
- Lot number
- 77
- Auction end
- 1st May at 13:29
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 3
- Bathrooms
- 3+
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson - Essex, North & East London
01245 205778
First Floor, 129 New London Road, Chelmsford, Essex, CM2 0QT
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
