Mixed Use
A superb opportunity to acquire an excellent mixed commercial and residential property comprising a double fronted ground floor lock-up retail unit with a one bedroomed flat arranged over two floors with its own separate access. Outside there is a gated shared passageway leading to a yard with a large brick built workshop with an additional store room located to the rear.
In brief the ground floor accommodation consists of a double fronted sales shop measuring 28ft 9 mean depth with external electric roller shutters, kitchen and shower room. The flat is accessed from off the shared passageway with a staircase leading to a first floor with front sitting room, a dining fitted kitchen with built in appliances and a well appointed bathroom with suite in white. To the second floor there is a generous sized double bedroom with fitted cupboards into the eaves and a separate loft room providing excellent storage space.
We are informed by the seller the property has recently become vacant and was previously let at £1,000 per calendar month (£12,000 per annum). If the property were to be let at the previous rental figure this would represent a 15.3% return based on the current guide price and this will surely attract local and national investors/landlords.
Comprising -
With uPVC double glazed windows and door to the front elevation, suspended ceiling with recessed lighting, useful understair storage cupboard, PVC door to the rear and external electric roller shutter doors.
(Please note this is an irregular shaped room). Fitted in oak units comprising wall mounted cupboard with matching base units, preparation surface with sink and drainer, mixer tap, PVC door to the side and access through to the shower room.
A modern suite in white comprising a shower cubicle with low level wc, wash hand basin with tiling.
Accessed from the side passageway with PVC door and with staircase to the first floor passaged landing and further staircase to the second floor.
First Floor
Comprising -
(Please note this is an irregular shaped room). With uPVC double glazed window to the front elevation, wall mounted electric heater, television point and a range of down-lighters.
(Please note this is an irregular shaped room). The fitted kitchen comprises a range of wall mounted cupboards with matching base units, drawers, preparation surface, stainless steel sink and drainer with electric hob and a chimney style fan assisted illuminated cooker hood over. Wood flooring, space for fridge freezer and lobby providing access through to the bathroom.
With an obscure uPVC double glazed window to the side elevation. A thoughtfully designed three piece bathroom suite in white comprising a panelled bath with mixer tap shower attachment, low level wc, pedestal wash hand basin and chrome laddered heated towel rail.
With airing cupboard housing tank.
(Please note this is an irregular shaped room). With roof light, fitted cupboards into the eaves.
Provides excellent storage space.
To the side there is a gated shared passageway leading to an enclosed yard with a large brick built outbuilding with pitched tiled roof comprising -
With power and lighting and internal door leading leading through to -
Freehold. Vacant possession upon completion.
Viewings:
To book a viewing, please contact SDL Property Auctions to arrange.
Auction Method:
The auction for this property will take place as an "Auction Event" behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely - please see the below section on "Registration Process". The auction can be watched in real-time on the auction date through SDL Property Auctions' website on their home page.
The auction date applicable for the property is displayed underneath the property description. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Property Auctions' Buyers Terms (England & Wales) which are available on SDL Property Auctions website.
Auction type- Unconditional with Fixed Fee
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.
Auction Fees
The following non-refundable fees apply:
Buyer's Fee- payable on exchange of contracts. This is usually £1074 including VAT, subject to the Special Conditions of Sale. This fee does not contribute towards the purchase price of 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 Special Conditions carefully before bidding. Any additional fees are included at the seller's discretion, not on the instruction of SDL Property Auctions, and will be in addition to any fees payable to us. SDL Property Auctions has limited control over the content of the Special Conditions of Sale.
Deposit
On exchange of contracts, you must pay a non-refundable deposit equal to 10% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.
Payment Method:
Applicable fees must be paid immediately after a winning bid has been placed. Payment by cash or cheque will not be accepted. Prior to the auction, you will receive an email from the auctioneer to register your card details with third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by a representative of the auctioneer to make payment. If you cannot be contacted within 24 hours after the auction ends, the auctioneer reserves the right to charge your card.
Legal Pack
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
The legal pack can be viewed on SDL Property Auctions website by searching for the property. On the property details page there is a sub-heading "Legal Packs". Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Property Auctions' terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Registration Process:
To register to bid on the property, visit the SDL Property Auctions website and submit your remote bid. The lot number can be found against the Lot Details of the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut off, it cannot be guaranteed that your registration will be processed.
