Commercial Property
The property comprises a mid terraced single storey pair of retail units of brick construction with a flat roof. The current configuration comprises spacious split level retail areas with associated offices, kitchen, WC and is considered suitable for variety of alternative retail uses including restaurant, subject to obtaining any necessary planning permission.
We are advised by the current owners that 190 was previously used as an amusement centre and 191 has the benefit of planning permission for restaurant use. All interested parties are advised to make their own enquiries of the local planning authority in respect of this and their proposed future use.
The property occupies a prominent frontage to the southern side of the A458 High Street, Lye. Situated within a popular and well established shopping area, including a number of restaurants and hot food takeaways. The property is considered to occupy a strong trading position within an excellent immediate catchment area for trade and is suitable for a variety of retail and other commercial uses, subject to any necessary planning permission.
190 High Street
Retail Area: 750 sq.ft. (69.67 sq.m.)
Office: 79 sq.ft. (7.34 sq.m.)
Kitchen & WC.
191 High Street
Retail Area: 735 sq.ft. (68.26 sq.m.)
Stores: 294 sq.ft. (27.33 sq.m.)
We understand that the properties are Freehold and vacant possession will be given upon completion.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
Freehold. Vacant possession upon completion.
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.
