Commercial Property
The property comprises a two storey former bank of traditional brick construction beneath a pitched-tiled dormer roof, with part-glazed frontage facing onto High Street. There is a single storey extension to the rear.
Externally, the property benefits from a tarmacadam car park to the rear, with space for approximately five vehicles.
The property provides banking hall, office accommodation, staff mess, strong room and WCs to the ground floor. There is no access available to the first floor void other than via a loft hatch. We understand the first floor to have been historically used for storage.
The property is Grade II Listed under list entry number 1177749.
The property lends itself to a variety of alternative uses subject to obtaining the necessary planning and listed building consent.
The property is located in Oakham town centre within the county of Rutland, approximately 20 miles east of Leicester.
The property occupies a prominent position on High Street, the prime retail destination within Oakham. Occupiers within the immediate vicinity include Co-Operative Funeralcare, Fatface, Costa Coffee and Age UK.
We understand the property is held freehold and offered with vacant possession.
The property extends to approximately 2,105 sq.ft. (195.6 sq.m.).
This excludes the first floor accommodation, which we were unable to access during our inspection.
All interested parties must seek their own verification of floor areas and dimensions and satisfy themselves that they are suitable for any proposed future use.
We understand VAT is not chargeable on this transaction.
All interested parties are advised to refer to the Special Conditions of Sale within the legal pack for their own verification.
See viewing schedule.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully 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 SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
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 Buyers Terms.
