Mixed Use
DRAFT DETAILS
The property benefits from courtyard to the front and a commercial unit to the ground floor operating as a Soft Furnishings shop. The first floor has separate access and comprises a three-bedroom apartment with kitchen, bathroom and living room. We have been advised there is gas central heating and UPVC windows(not inspected or tested). Garden located to the rear of the property.
We have been advised that the property is held on two separate contracts with the residential accommodation on an AST. Both tenants pay £450 per calendar month on a rolling basis giving a total annual income of £10,800 per annum. Thought suitable for rental increase in line with the current market. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Please be advised that the auctioneers have not personally inspected the property and room measurements are currently unavailable. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Freehold. Subject to tenancy.
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.
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 and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
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.
