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55D Toll End Road, Tipton, DY4 0EU

Lot no: 60 Sold at Auction for £74,000
 

Guide Price in excess of £45,000 plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 15th February 2018

10.30am
Key Features
  • A Freehold Former Post Office with Self Contained Living Accommodation above,
  • considered suitable for a variety of retail uses on the ground or conversion to residential uses,
  • subject to the appropriate planning permissions
  • EPC Rating: D & F.
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Sold at Auction for £74,000

Mixed Use

Property Description:

The property comprises a traditional two storey mid terrace of brick construction with an artificial slate roof.

The property is currently configured to provide on the ground floor a retail unit, which was formerly used as a Post Office with associated store and kitchen area on the first floor and having a separate front door entrance is self contained living accommodation comprising entrance lobby, stairs to landing, living room, bedroom, kitchen and bathroom with WC.

Location

The property fronts Toll End Road, a busy local route within a predominately residential area which is considered to provide a good potential catchment area for future trade.

Tenure

We understand that the property is Freehold and vacant possession will be given upon completion.

Value Added Tax

We understand that VAT will not be chargeable on this transaction.

Viewings

See viewing schedule.

Tenure:

Freehold.



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.