Retail Property (Out of Town)
A former stove and fireplace showroom situated on 1-3 Main Street, Shotts having a highly prominent position offered with vacant possession upon completion.
The premises were originally two units, and we feel that a new owner could potentially split or redevelop the property into residential dwellings or a mixed use scheme subject to planning approval. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
The property benefits from roller shutters, Alarm system which has been serviced annually, along with materials to replace the upper boarding externally which have been purchased and not fitted. We advise intersted parties to make their own independent enquiries as we have been advised this via email.
We have been advised the premises benefits from Scottish Small Business Bonus scheme (SBBS) wherein premises with rateable value below £12,000 receive 100% rates relief
Main Street is situated within easy access to local amenities and transport links including bus, rail and road. The property also gives easy access to the M8 motorway network.
Shotts is a town in North Lanarkshire, Scotland. It is located almost halfway between Glasgow (17 miles) and Edinburgh (26 miles). We note that there has been an influx of residents over the past 10 years owing to the growth of Glasgow with a big demand for rented accommodation in the property’s location.
These sales details are awaiting vendor approval.
Please be advised that the auctioneers have not personally inspected the property. 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. Vacant possession upon completion.
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.
