Mixed Use
A ground floor/basement retail property with a three bedroom flat to the upper floors. Currently let producing £22,740 per annum.
A mixed use retail/residential property occupying a prominent location in the heart of Blackburn. The property is located on Higher Church Street, adjacent to one of the entrances to The Mall and also to Lloyds Bank. Higher Church Street is a busy thoroughfare and typical occupiers on the street are local independent operators, such as beauticians, vaping shops and long-standing pubs with good levels of footfall down the street.
The property itself comprises a 3/4 storey stone building with a retail unit on the ground floor, and three bedroom residential flat to the upper floors. The property is fully tenanted with the ground floor rented as a convenience store. The shop and flat each have their own independent access externally but can also be accessed from each other internally.
Internally, the retail unit has laminate flooring, panelled walls and a suspended ceiling, incorporating covered LED lighting. The retail unit also benefits from built in speakers and vents into the ceiling. There are steps down to the basement level, which provides two rooms with laminate floors, painted walls and fixed bulb lighting. There is also a WC/sink and access to the rear area. To the rear of the basement is a small concrete yard for storage.
The flat can be accessed via an internal staircase from the retail unit or from the rear of the property via a concrete staircase. The flat has an entranceway, up to a large open plan lounge/dining area/kitchen. The second and third floors provide three good sized bedrooms. There is a bathroom to the second floor, with double open shower, WC, sink and a large bath with jacuzzi/whirlpool functions (un-tested).
Sandstone or limestone, as built, no insulation (assumed)
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.
These sales details are awaiting vendor approval.
We have not been provided with all the tenancy agreements and therefore we confirm the rental figure referred to in our marketing. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this 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 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.
