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Olympic House, Whitworth Road, Frome BA11 4BY

Lot no: 101 Re-entry to a future auction
 

Guide Price £500,000+ plus fees

UnconditionalOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 21st November 2024

9.00am
Key Features
  • Detached industrial unit extending circa 12,114 Sq. Ft.
  • Arranged as offices and workshops
  • Freehold
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Re-entry to a future auction

Commercial Property

Property Description:

A detached industrial unit arranged with offices and workshops. The building is likely to date from the 1970s, predominantly arranged over a single storey with a two storey section to part of the front elevation.

The building is a steel portal framed infilled with brick/blockwork. There is a concertina loading door which measures 4.8 m (w) x 2.3 m (h).

The offices incorporate kitchen and toilet facilities.

The property is located approximately 15 miles south of Bath, 25 miles southeast of Bristol, 67 miles southeast of Cardiff, 118 miles south of Birmingham and 112 miles west of London.

Frome railway station is situated approximately 0.7 miles to the northeast of the property. From Frome there are direct services to Westbury (10 mins), Salisbury (41 mins) and Bristol Temple Meads (1 hour 14 mins).

The property is within the Marston Trading Estate, which lies on the southern outskirts of the town just to the north of the A361 Glastonbury and Shepton Mallet to Trowbridge and Melksham road and just to the west of the B3092 Frome to Shaftesbury Road. The property is located in Somerset Council, approximately 11 miles to the south of Bath.

The property has direct access on to the public highway (Whitworth Road) which we have assumed is adopted and maintained at public expense.

Tenure:

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 under an Unconditional sale type.

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 (subject to a minimum of £6,000 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, 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.