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Garages
The site extends to 0.08 acre (328.5 sqm) and currently generates an annual income of £340.91 from 5 of the 6 garage plots, one being vacant (total rent received at May 2024).
There is a substation included within the site, subject to a lease to the electricity provider granting access rights. Potential for development, subject to the necessary planning consents being obtained and rights of access being retained. 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.
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.
Part let/part vacant. Subject to substation lease and garage tenancies.
Please be advised that the auctioneers have not personally inspected the site. Details and photos have been supplied by the seller. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
The lot is sold subject to the tenancies referred to in the special conditions in the legal pack. Please refer to clause 8.1.
Please refer to the searches provided in respect of drainage and water and coal mining. These indicate the lot is located in a coalfield/mining area. Prospective buyers, particularly those reliant on mortgage financing are advised to make all necessary independent enquiries (such as with their chosen lender, and building insurance provider) prior to bidding, as any bid made will be binding.
Freehold. See legal pack.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and 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 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, 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.
