Dodington, Whitchurch

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A Substantial Grade II Listed Investment Opportunity In The Heart Of Whitchurch
For Sale By Auction In Association With Town & Country Property Auctions
Situated in the heart of the historic market town of Whitchurch, this substantial Grade II listed building presents an exciting opportunity for investors seeking a property with excellent long-term potential. Arranged over three floors, the main building currently comprises three spacious self-contained apartments, offering the foundations of an attractive multi-unit residential investment.
The property occupies a particularly convenient town-centre position, with Whitchurch's variety of independent shops, cafés, restaurants and everyday amenities all within easy reach. Its location, close to the Cheshire and North Wales borders, further enhances its appeal to prospective tenants and investors alike.
Currently, two of the apartments are occupied under residential tenancies, with the remaining apartment vacant. The property would benefit from updating throughout, providing an opportunity for a purchaser to undertake improvements, enhance the accommodation and potentially improve the overall rental performance. We are reliably informed that, following improvements and with all three apartments let, the property could achieve an approximate rental income of £2,100 per calendar month, equating to £25,200 per annum.
A particularly noteworthy feature is the substantial car park to the rear, providing ample off-road parking for numerous vehicles, an excellent advantage for a town-centre investment of this nature.
In addition, the property benefits from a two-storey coach house, which offers further potential and could present an exciting opportunity for conversion, subject to obtaining the necessary planning permission and listed building consents.
Combining three existing residential units, a generous rear car park and an additional building with potential, this is a rare opportunity to acquire a substantial property in a highly convenient town-centre location. Whether you are an established investor looking to expand an existing portfolio or a purchaser seeking a project with scope to add value over the longer term, this property offers considerable potential.
GUIDE PRICE: £200,000 – £230,000
Plus Fees, Including A 5% Buyer's Premium + VAT
In Need Of Updating Throughout
Grade II Listed Building | Three Spacious Apartments | Two Currently Tenanted | Large Rear Car Park | Two-Storey Coach House | Excellent Long-Term Investment Potential
Conditional Auction With Reservation Fee
For sale by auction in association with Town & Country Property Auctions.
Flat 1 - VACANTSituated immediately to the left upon entering, Flat 1 includes two spacious bedrooms, a kitchen, bathroom and storage. The bedrooms measure approximately 4.8m x 4.0m and 4.5m x 6.0m, with the kitchen measuring approximately 4.3m x 3.8m.
Flat 2 - Tenanted £475 PCMFlat 2 offers two bedrooms, a separate lounge, kitchen and bathroom. Bedroom one measures approximately 6.1m x 3.4m, with bedroom two measuring 4.1m x 4.5m. The lounge measures approximately 4.9m x 4.0m, the kitchen 5.8m x 2.8m and the bathroom 3.2m x 2.1m.
Flat 3 - Tenanted £495 PCMFlat 3 provides further generously sized accommodation, including a kitchen measuring approximately 4.1m x 2.8m and a bedroom measuring approximately 4.1m x 4.2m. Additional living spaces have been recorded at approximately 3.5m x 3.5m and 5.0m x 4.0m.
Buyers Premium* Plus 5% Buyers Premium + VAT
Pre Auction Offers Are ConsideredThe seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special ConditionsAny additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Material InformationMaterial information will be provided within the legal pack- to download visit our website tcpa.co.uk.
Auctioneer NotesThe vendor reserves the right to withdraw the property for sale before the auction end date. Cash buyers or pre-approved mortgages/finance only.
Auction MethodThis property is being sold by Conditional Auction with Reservation Fee. The auction will be conducted online through our weekly bidding platform. The auction timeslot and end date are displayed on the property listing at tcpa.co.uk. When bidding, you are deemed to have agreed to Town & Country Property Auctions Buyers Terms (England & Wales) available on our website.
Mortgage FinanceWe advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.
Legal PackThe Legal Pack can be updated at any time before the auction starts, so please ensure you have reviewed the most recent version before bidding. At the point of placing your bid, you are deemed to have read the Legal Pack in its entirety, including any updates. Failure to check for changes will not be a valid reason for withdrawing from the sale. It is strongly recommended that you instruct a qualified solicitor or conveyancer to review the Legal Pack and raise any necessary enquiries before bidding.
Buyer’s Fees ExplainedNon-refundable fees will apply and will be clearly listed on the property details. These fees are paid to reserve the property during the Reservation Period and may take the form of: Reservation Fee – paid by the buyer and in addition to the purchase price. This does not contribute toward the purchase price. Reservation Deposit – paid by the buyer when the seller agrees to cover the fees. This deposit forms part of the purchase price and may be used to cover the auctioneer's fees. Any applicable fee or deposit will be clearly displayed on the property listing at tcpa.co.uk.
DisclaimerWe have not carried out a survey or assessment of the property and therefore cannot confirm whether it is suitable for mortgage lending. Mortgage ability is determined solely by the buyer’s chosen lender and their surveyor. It is the buyer’s responsibility to ensure the property is suitable for lending. All prospective bidders should obtain independent advice, arrange their own survey, and confirm mortgage suitability before bidding. No warranty, guarantee, or representation is given or implied regarding the condition of the property or its mortgage suitability. Bidders must rely on their own inspections, enquiries, and professional advice.
Back Garden
Externally, the property benefits from a substantial car park, with two parking spaces reported for each flat. Occupants of all three flats are also understood to have access to the external garage.A cellar provides additional space.The scale of the accommodation and provision of parking make this a property of potential interest to investors seeking a multi-unit residential opportunity.