Commercial Property
The property comprises a two storey end of terrace building of brick construction surmounted by a pitched roof.
The property benefits from planning permission for the creation of two apartments to the first floor. This would potentially give circa £23,000 per annum income fully let. Interested parties are advised to see the legal pack and planning application number 63326/FUL
The ground floor was previously occupied by the Kings Garden Restaurant.
The first floor accommodation was not inspected and interested parties are encouraged to make their own enquiries with regards condition.
The property is located on Brunswick Street, near to the corner with Picadilly. The local area comprises predominantly commercial buildings with a number of local and national retailers within the immediate vicinity. The area has undergone and is undergoing substantial regeneration, with a number of new residential developments within the local area.
We understand that VAT will not be chargeable on this transaction
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.
