Commercial Property
A commercial investment property generating an income of £50,800 per annum. The property offers in excess of 8,500 sq.ft of accommodation over three floors and consists of two retail units on the ground floor with shop fronts, the additional two floors consist of three offices. The property has two staircases for access to the upper floors and subject to planning consents could suit a change of use to residential
39 Stockwell Gate is an excellent investment and close to the new Council offices / Hub. The property is extremely well suited to a serious investor looking to add to an existing commercial portfolio. The property boasts an extremely impressive yield against the guide price of in excess of 14.5% making this a very appealing investment indeed and has been in the same ownership for 23 years
The property is located along the southern face of Stockwell Gate, which is a short walk from the Four Seasons Shopping Centre and Market Place. The property is in close proximity to the new Bus Interchange
Rental income of £12,000 per annum.
Rental Income of £10,000 per annum.
Rental Income of £16,800 per annum.
Rental Income of £7,500 per annum.
Rental Income of £4,500 per annum
These sales details are awaiting vendor approval.
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 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.
