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Mixed Use
A period double fronted retail/office premises with first and second floor accommodation, part of which is used for commercial purposes together with three flats. The ground floor was formerly arranged as two self-contained shops and retains two entrance doors to either side of the sales area, although has more recently been merged into one unit, subdivided into smaller rooms by means of stud partitioning. The three flats are accessed from the rear and side and are all self-contained and separately metered. Part of the first floor has been used for commercial purposes and is accessed via an internal staircase from the sales area however, this area could very easily be separated from the ground floor, independently accessed via the rear and would provide another one-bedroom flat.
TENANCY/INCOME INFORMATION
Flat 1: Let on Shorthold Tenancy Agreement from September 2023 @ £500 pcm
Commercial: VACANT
Flat 3: Let on a Shorthold Tenancy Agreement @ £395 pcm (tenant not yet moved in)
Flat 4: Let on a Shorthold Tenancy Agreement @ £310 pcm
TENURE
Available freehold and with the benefit of the residential tenancies in place and with vacant possession of the commercial parts.
CONVERSION/ALTERNATIVE USES
As a former banking hall, the property will have an E(c)(i) provision of financial services Use Class Order, which makes it suitable for a range of retail, office and leisure uses that fall within the same E Classification. Other uses may also be permitted, subject to planning where applicable. The property is located outside the Conservation Area, which makes external adjustments more permissible. There are skylights incorporated into the external roof surface that would flood the first floor with natural light if a residential conversion was undertaken.
Sales area: 716 sq ft, Kitchen: 161 sq ft, Store: 21 sq ft, Office: 46 sq ft, 2 x W.C.s.
Entrance hall, Living room 11ft7 x 11ft8, Kitchen 10ft9 x 5ft9, Bedroom 1 11ft8 x 7ft2, Bedroom 2 11ft7 x 7ft1, Shower room.
5 x rooms plus WC: 458 sq ft, Total NIA: 944 sq ft.
Entrance Hall, Bed/Living Room 14ft11 x 10ft, Kitchen 7ft9 x 6ft3, Shower Room.
Entrance Hall, Living room 16ft4 x 10ft, Kitchen 7ft11 x 7ft3, Bedroom 11ft x 8ft4, Shower Room.
These sales details are awaiting vendor approval.
We believe that this property may be of a type that qualifies for Stamp Duty Land Tax/Land and Buildings Transaction Tax/Land Transaction Tax relief (as applicable). We work with a tax consultancy who can provide expert tax advice in this regard. Free consultations are available. You will only be charged a fee for this service based on any actual tax savings made, on a percentage basis. We in turn will receive a fee from the provider in exchange for referring you. Please contact us if you are interested for further details.
Freehold. Part let/part vacant.
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. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers 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 Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
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 (and any applicable Home Report for residential Scottish properties).
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.
