Hairdresser/Barber Shop
A freehold retail investment opportunity located in the centre of Stapenhill, in a mixed retail and residential area.
The property benefits from on-street car parking close by. The ground floor is let on a commercial lease trading as a Barbers. The ground floor accommodation comprises sales area, together with store, kitchen and WC.
The upper floor of the accommodation is an apartment, which has been sold off on a long lease. Further details will be provided within the legal pack.
The subject property is well located along Main Street, just over 2 miles from the town of Burton upon Trent and a range of local amenities. Burton upon Trent is approximately 12 miles south-west of Derby and 30 miles north of Birmingham.
Accommodation:
Main Sales Area
3.85m x 5.08m (12ft 7 x 16ft 8)
Sub First Floor Level
3.62m x 3.3m extending to 6.2m
Wash Room
1.95m x 3.92m (6ft 5 x 12ft 11)
Income
We are advised the ground floor is generating £7,000 per annum on a 10 year lease from January 2023. Interested parties are advised to inspect the legal pack.
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. Subject to lease.
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.
