Mixed Use
***For Sale by LPA Receivers***
It is understood the property consists of an end of terrace two storey building arranged as a small ground floor retail /commercial unit, a small rear one bedroomed ground floor flat and a first floor two bedroomed flat.
To the rear of the property is an area of land which is used for car sales / display.
It is understood the accommodation consists -
Ground floor open plan retail unit with wc.
A separate self-contained ground floor flat comprising -
WC and Shower Room
Kitchen
Bedroom
A first floor two bed apartment comprising -
First Floor Kitchen/diner
Living room
Shower room
Bedroom 1
Bedroom 2
We have not had sight of any tenancy agreements and would advise interested parties to inspect the legal pack and make all necessary independent enquiries in this respect prior to placing their bid, as this will be binding. We are advised that the retail/commercial unit is let on a six-year lease from 2014 (tenant now holding over) with rent passing of £4,800 per annum.
It is understood the ground floor flat is let on an Assured Shorthold Tenancy (AST) agreement at £600 per calendar month.
It is understood the first floor flat was vacant at the time of our inspection.
The property is located around one mile from the town centre in an area of predominantly Victorian buildings used for a mixture of residential and commercial uses. The property fronts onto Armstrong Street and has a long return frontage on to Corporation Street.
The buyers fee on this lot will be 1% plus VAT of the sale price.
Neither the auctioneers nor the Receivers have inspected the property and the property is sold in its present state and condition [including any rubbish at the property] and subject to all third party interests. No room measurements will be provided. Any prospective buyer is invited to make its own inspections and surveys in relation to the property and accepts that no warranty whatsoever is given in respect of the property. All warranties, conditions, guarantees or representations express or implied, statutory or otherwise (including without limitation warranties and conditions as to title, quiet possession and description) in relation to the property are entirely excluded and no error, misstatement or omission in [the particulars] shall entitle any prospective buyer to any compensation, damages or repayment. The Receivers act as agents without personal liability. 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. See legal pack.
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 (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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1074 inc. VAT
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.
