Mixed Use
DRAFT DETAILS
A mixed commercial and residential property with seven flats.
This substantial mixed-use building contains a ground floor commercial premises, previously used as a hair salon along with a one bedroomed self-contained flat and six bedsits (five doubles and one single).
The property is located a short distance from Madeley town centre. Madeley has undergone a regeneration scheme in recent times which include new offices, shops as well as a Tesco supermarket – all within walking distance of the property. Telford town centre is approximately four miles from the property and offers a whole range of popular and convenient amenities including many shops, bars and eateries. Transport links include Telford Central train station as well as local connections to M54, M6 and M1 motorways.
Please note: This property is being sold by receivers. We have been made aware that the original legal owner has raised a dispute with the lender, however the receivers solicitors have confirmed that this will not prevent the sale to a prospective buyer.
Commercial premises.
Self-contained one bedroom flat and six bedsits.
The property also includes access to an area that has been used for parking to the north of the building and tinted pink on the plan with access rights for vehicles tinted brown.
Please be advised that the auctioneers have not personally inspected the property. Room measurements will not therefore be provided. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
The buyers fee on this lot will be 1% plus VAT of the sale price.
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 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.
