11 Market Street, Craven Arms, SY7 9NW

Description
The property comprises of a mid-terrace mixed-use building, that is arranged to provide a basement, ground floor lock up shop and two self-contained residential flats.

The property is held under the Title Number SL162325 and is of traditional brick construction. It is in part three and part single storey with on street parking.

The retail unit fronting onto Market Street is currently let by way of a licence to occupy to St Andrews Community Church at a rent of £1,800 per annum. The shop provides an approximately Net Internal Floor Area of 320 sq ft (29.72 sq. m) with ancillary facilities.

The flats known as 11A and 11B have a separate entrance to the right elevation accessed via a shared passageway from Market Street. 11A is a single-story extension to the rear off Market Street, and is currently let on an Assured Shorthold Tenancy (AST) at a rent of £6,900 per annum. The flat provides an approximately Total Gross Internal Area of 484 sq ft (44.97 sq. m) arranged to provide a bedroom, kitchen/dinner, sitting room and bathroom. 11B is arranged over the first and second floors and provides a flat which has a Total Gross Internal Area 1,009.89 sq ft (93.82 sq. m) and is arranged to provide kitchen/dinner, sitting room and 3 bedrooms and a bathroom. It is currently let on an Assured Shorthold Tenancy (AST) at a rent of £6,900 per annum.

The property offers an appealing investment opportunity with existing income and asset management potential for further value enhancement.

Location
The property is prominently positioned fronting onto Market Street, in the town centre of Craven Arms, close to its junction with Dale Street. The surrounding area is of mixed-use character with nearby occupiers including Severn Hospice, Pet Supplies and The Paper Shop. The property benefits from proximity to local amenities, the A49, and the main town car park, all within a short walking distance.

Town and Country Planning
The land will be sold subject to any development plan, tree preservation order, town planning schedule, resolution or notice which may be or come to be in force, subject to any road widening or improvement schemes, land charges and statutory or provisional by-laws without any obligation on the vendor to specify them.

Boundaries, Roads & Fences
The Purchasers shall be deemed to have full knowledge of the boundaries and roads and neither the Vendor nor the Agent will be responsible for defining the ownership of boundary hedges or fences.

Conditions of Sale
Please note that the property is sold in accordance with the Common Auction Conditions [4th Edition March 2018] (a copy of which is included with the Legal Pack). Special Conditions of Sale relating to each lot are available upon request from the Auctioneers or the Vendors Solicitor prior to the auction.
The contract and special conditions of sale will not be read out by the auctioneers at the auction but will be available for inspection at the auctioneer’s offices or the vendors solicitors for a period before the auction date. Purchasers will be deemed to have inspected these Special Conditions of Sale and will be legally bound by these conditions which will form part of and will be attached to the Sale Memorandum.

Payment of Deposit
The successful buyer of each lot will be required to pay a deposit of 10% of the purchase price (subject to a minimum of £1,000) to the vendors’ solicitor prior to leaving the saleroom. Any deposit payments collected by Halls Holdings Limited will incur a 1% service charge. PLEASE NOTE THAT WE DO NOT ACCEPT ANY FORM OF CASH DEPOSIT OR CREDIT CARDS.

Rights of Way Easements/ Wayleaves
The land will be sold subject to any wayleaves, public or private rights of way, easements and covenants and all outgoings whether mentioned in the sales particulars or not.

Buyers Premium
In addition to the contract deposit required, buyers should note when bidding, that on the fall of the gavel, they will be responsible for paying a Buyer’s Premium as noted on individual lots. This is additional to the purchase price and set at 2.5% plus VAT of the “hammer price”, subject to a minimum fee of £2,500 plus VAT (£3,000).
Please bring with you the means to pay both the deposit and the Buyer’s Premium.

Guide Price
£90,000 - £110,000 (Exclusive)
*Guides are provided as an indication of each seller’s minimum expectation they are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Each property will be offered subject to a reserve [a figure below which the Auctioneer cannot sell the property during the auction] which we expect will be set within the Guide Range or no more than 10% above a single figure guide.

Method of Sale
The property is offered for sale by public auction on Friday 26th September 2025 at 2pm at Halls Holdings House, Bowmen Way, Battlefield, Shrewsbury, Shropshire, SY4 3DR.

Services
(Not tested at the time of our inspection) All mains services are understood to be connected to the property. The shop and the flat are understood to be separately metered.