Residential Development
A three storey building with a commercial unit to the ground floor and a residential unit to the second floor. We are offering the first floor accommodation which is currently configured as office space benefiting from separate side access from the front of the building.
Planning has been granted for the creation of two apartments.
Planning permission has been granted by East Staffordshire Borough Council subject to conditions for the conversion of part of the first floor to incorporate 2 new apartment units dated 30 August 2019 under reference P/2019/00562.
The property is along High Street, Burton On trent town centre. The Burton on Trent train station and bus links are with walking distance. The area is predominantly commercial units with national retailers such as Sainsburys, Aldi and HSBC all within the vicinity.
We understand the property is leasehold subject to a 125 year term. We have been advised the lease will allow for both structural and non structural alterations in accordance with the planning consent and building regs. The lease will also allow an underlease to be created. We advise interested parties to inspect the legal pack for clarification of this.
We understand that VAT will not be chargeable on this transaction
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.
