Mixed Use
A stone built, four storey mixed use property In Bingley, currently let producing £28,070 per annum.
Situated in the heart of Bingley Town Centre, within close proximity of the train station and surrounded by a variety of amenities is this substantial, mixed-use property. The property is arranged over four floors with the cellar currently being used as storage space, the first floor let as a Vape Shop and Cafe and the first and second floors are arranged as three, self-contained flats. The cellar has been fully converted and does provide potential for a variety of uses, also providing opportunity to increase the income.
The local area is home to a number popular shops, bars and eateries all within easy reach from the property. Bingley Train Station provides a direct route to Bradford, Leeds and surrounding areas and there is a regular bus network in the area and good road connections
Five rooms and a toilet
Vape Shop and Cafe
Two x one bedroom flats
Bedroom 7ft10 x 12ft<br><br>Bathroom 7ft10 x 4ft10<br><br>Kitchen 5ft9 x 6ft2<br><br>Lounge 13ft x 12ft10
No access
One x one bedroom flat
Kitchen/Lounge 30ft x 11<br><br>Bathroom 9ft11 x 6ft5<br><br>Bathroom 11ft9ft1
Ground Floor Commercial Premises - £1155.17 per month<br><br>Three Flats - £395 per month(per flat)
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.
