Commercial Development
A prominent three storey property with basement and a range of first and second floor offices. Formerly used as a licenced bar/club (A4). We feel the property would suit a variety of alternative uses such as an office, restaurant or part residential development, subject to obtaining the appropriate planning consent.
The premises currently has a U shaped retail area accessible from all three elevations. There is a central serving bar and to the rear are the ladies and gents toilets, and access to the basement. A side entrance from Ryecroft provides pedestrian access to the rear, which in turn allows access to an external store (previously toilets) and a fire escape.
Extends to approximately 857 sq. ft. and consists of four rooms with a wc. Would suit use as offices, kitchen or living accommodation (subject to planning consent).
Extends ro approximately. 411 sq. ft. and consists of three further rooms which could be used as further offices, stores or living accommodation (subject to planning consent).
Housing all the barrels and lines with barrel drop located off Queens Parade.
The property occupies a prominent position overlooking Nelson Place round-a-bout which connects the major road network in Newcastle-under-Lyme. The property is located on the corner of the Irn market and Ryecroft Ring Road, forming part of the town centre conservation area. Newcastle is currently undergoing significant investment with the development of the new Civic Offices located within 50 yards which is adjacent to Queens Gardens. A mixed-use retail and student accommodation development is proposed for the former Sainsbury’s site and the former public baths on the opposite site of Nelson Place and currently being developed to create a 276 student bed accommodation.
We understand that VAT is not chargeable on the purchase price.
Vacant.
Freehold.
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 Variable Fee (England and Wales).
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 fees apply:
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 Price
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.
