Commercial Property
Situated in a prominent corner location at a busy junction is an attractive Grade II Listed period end-terraced property located within the heart of Burton town centre. The property has an excellent double frontage display window with ground floor sales area extending to 900 sq.ft (83.61 sq.m) with further ancillary accommodation extending to 490 sq.ft (45.52 sq.m). The three storage rooms located to the rear that are adjacent to Horninglow Road may well lend itself to residential conversion (subject to usual planning consents). Interestingly accommodation set above the property has been converted to residential.
The accommodation comprises a substantial ground floor sales area, three stock rooms at rear plus ancillary kitchen and wc facilities.
900 sq.ft (83.61 sq.m)
490 sq.ft (45.52 sq.m)
Mains electricity, water and drainage are available to the premises
Virtual freehold by way of a 999 year lease at a peppercorn rent. There is no obligation to contribute towards the cost of any structural or roof repairs.
VAT will be payable at the prevailing rate upon the sale of the premises
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.
