Postponed - To be reoffered in our 9th December 2021 auction

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A substantial 4 storey building comprising 2 ground floor commercial units, (1 let at £6,292 per annum, 1 vacant) and 17 letting rooms. Planning approved* for conversion of the upper floors to 1 x 1 bedroom, 2 x 2 bedroom and 1 x 3 bedroom apartments.

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Description/Location

A fine Grade II listed building occupying a prominent position in the market square. In addition to the commercial parts the property has provided ancillary accommodation to the adjacent Bell Hotel. Planning: Buckinghamshire Council - Ref: 20/01972/APP for change of use of part of the building from hotel accommodation to form 4 apartments and 3 ground floor hotel bedrooms. *Approval subject to payment of a CIL levy which the seller will pay from the proceeds of sale, see legal pack for confirmation. The ground floor hotel rooms and a laundry room offer potential for rental income from The Bell Hotel or conversion to a 5th apartment subject to planning.

Tenure

Freehold

Local Authority

Buckinghamshire Council

Viewing

Please contact The Wilkinson Partnership on 01296 712717.

Accommodation

Basement: Commercial premises currently let as a beauty premises at £6,292 per annum Ground floor: Vacant commercial premises, hotel laundry, 4 hotel letting rooms, 3 store rooms, laundry room First floor: 8 hotel letting rooms Second floor: 1 hotel letting room Third floor: 4 hotel letting rooms

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*Guide Price & Reserves

Generally speaking Guide Prices 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. Virtually every 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.