Lot 131 Large Former Community Centre With Re-development Potential Plus Vacant Retail UnitAuction Date:
21st September 2022
Welcome Hall, 4 Fore Street & 5 Fore Street, Devonport, Plymouth, Devon, PL1 4DW
An exciting opportunity to acquire this asset which comprises of two commercial units located in a mixed residential/commercial area which, according to the EPCs, have a combined total floor area of over 1, 270 sq.m. (13,650 sq.ft.). The asset requires a programme of works and improvements.
This substantial lot is arranged over different levels, effectively, with a front three storey section with a basement /lower ground floor level plus a rear three storey section, all connected by a single storey middle section which also has a lower ground floor/basement level.
With its size and front and rear access it is considered this asset lends itself to the potential of a modest mixed-use conversion scheme providing multiple residential and commercial units including the existing retail unit, subject to all necessary consents being obtainable. Others may consider making use of the existing accommodation, or sub-dividing to provide multiple commercial and office units, again, subject to all necessary consents being obtainable.
Welcome Hall
4 Fore Street
Lower Ground Floor
Kitchenette, multiple W.C.s, strong room, two plant rooms, elevator and numerous rooms of different sizes and two separate fire escapes to the rear.
Ground Floor
Reception area, Manager's office, office room, landing, W.C. kitchen, elevator, hall with stage and multiple storage rooms.
Front Elevation
First Floor
Half landing and W.C., further landing, office, W.C. and access to flat roof.
Second Floor
Landing, W.C., staff room with kitchenette, multiple office rooms and store room.
Rear Elevation
First Floor
Landing, numerous office rooms, store room and elevator.
5 Fore Street
Ground Floor
Retail area and rear room with W.C.
Basement
Store room.
Local Planning Authority
Plymouth City Council. Tel: 01752 668000. Website: plymouth.gov.uk.
EPC Rating
The EPC rating for numbers 4 and 5 Fore Street is D.
Auctioneer's Note
The elevator has not been inspected by the Auctioneer to confirm if this is in working order.
Freehold with Vacant Possession
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
