.jpg)
Garages
The site extends to 0.35 acre (0.14 hectare) and currently generates an annual income of £1,748.26 from 24 garage plots (total rent received at May 2024). Potential for development, subject to the necessary planning consents being obtained and existing or established rights of access to neighbouring residents being preserved. The Council is to retain an area of land at the site entrance for 6 parking spaces, to be continued to be used by residents with a right of access over the site to be sold. However, the sale agreement shall allow for these spaces to be relocated within the garage site if required by the purchaser. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.
The site is located within walking distance of the town centre but is also served by local shops and amenities on Newbold Road.
We are informed by the sellers that informal pre-app planning advice suggests that as an alternative to the continuance of the existing garage plot and access agreements (subject to any rights that are to remain) the site would be acceptable in principle for infill residential development. However, site constraints would need to be assessed, and more generally in respect of any implications for on-street parking in terms of highway safety, congestion, pedestrian and cyclist accessibility and amenity being worsened as a result of any development. Prospective buyers must make all necessary independent enquiries in this respect prior to placing their bid, as this will be binding.
Please be advised that the auctioneers have not personally inspected the site. Details and photos have been supplied 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. 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 Fixed Fee.
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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
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, including payment of the Sellers legal and surveyors fees, which will be available to view within the Legal Pack. The Legal Pack will include the usual searches, title information including copies of garage tenancies and access agreements where available together with a template copy of these agreements along with information concerning any tenant rent arrears, where applicable, together with contract and transfer documentation. 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.
