Commercial Property
A freehold town centre four storey former bank unit premises, suitable for conversion to mixed use, subject to obtaining appropriate planning permission.
The property comprises a four storey mid terraced building with a pitched roof, located in a highly prominent position along Market Place in Nuneaton.
We are advised that the property has A1/A2 consent and comprises of a ground floor banking hall totalling approximately 1000 sq ft (92 sq m), along with WCs, cellar access and access to upper floors.
The upper floors can be accessed either from within the banking hall or via a separate entrance to the front of the property. The upper floors are currently configured as office space with partition walls in places, which could be reconfigured for residential purposes, subject to obtaining the appropriate planning consent.
The property is located in a highly prominent position along Market Street. The local area comprises of a mixture of national and local retailers with names such as H Samuel and Boots in the immediate vicinity. The property also benefits from a number of local car parks and good public transport links, owing to its centrally located position.
We understand the property is Freehold and vacant possession will be given upon completion.
See viewing schedule.
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.
