• Freehold commercial premises

• Occupies a central position within Cinderford town centre

• Understood to comprise workshop accommodation at ground floor level with offices above

• Refurbishment and Redevelopment Potential (Subject to consents)

• To be offered for sale via Knight Frank Auctions on Thursday 10th December (will not be sold prior)

Property Description

On the instructions of mortgagees in possession.

Freehold commercial premises extending to approximately 407.3 sq m (4,384 sq ft) overall, occupying a central position within Cinderford town centre.

The property is understood to comprise workshop accommodation at ground floor level with offices above, although prospective purchasers should note that neither the Seller nor the Auctioneers have had access to the property and no internal inspection has been undertaken. As no access is expected to be available during the marketing period, no warranties or representations can be given regarding the property's condition, occupation status, configuration, services or suitability for any particular use. Purchasers must rely solely upon their own enquiries, external inspections and the legal documentation provided.

Planning
Forest of Dean District Council
Planning permission (ref: P1138/16/FUL) was granted in 2016 for the part demolition and conversion of the property to provide two self-contained two bedroom flats whilst retaining part commercial accommodation. We understand this consent has now lapsed. Nevertheless, the property may offer future asset management, refurbishment, alternative use or redevelopment potential, subject to obtaining all necessary consents.

VAT
Refer to the legal pack

Note
All information provided has been obtained from third-party sources (including the VOA) and has not been independently verified. The property will be sold as seen and purchasers should satisfy themselves as to all matters relating to the property before bidding.

Location

The property occupies a central position on Wesley Road within Cinderford town centre, the principal commercial centre serving the Forest of Dean. Nearby occupiers comprise a mixture of local retailers, offices, service providers and residential properties. Cinderford lies approximately 15 miles west of Gloucester and benefits from good road communications via the A4151 and A48.

Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction and is being sold as on an Unconditional basis. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit of the purchase price, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully and take professional advice before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Auction Conduct Guide.