Commercial Property
Situated on the busy High Street in the heart of Burton town centre, we are offering for sale, the long leasehold of 125 years for the first floor only of a three-storey building with the benefit of full planning consent for two x 1 bed apartments.
Although not internally inspected by the auctioneers, the premises were formerly used as offices and are still configured as such. They were previously occupied by Blue Arrow Recruitment Agency who have now relocated. The owners have therefore sought a change of use to residential with planning consent granted in August 2019 for the two apartments. The premises could however continue to be let as a commercial investment subject to a new tenancy.
Planning for the flats was approved by East Staffordshire Borough Council on 30th August 2019 and can be viewed on their website under application reference: P/2019/00562.
Although not internally inspected we have been advised that the internal accommodation currently comprises -
Leasehold.
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.
