Retail Property (Out of Town)
A former three storey retail premises extending circa 563.35sq.m/6,064sq.ft located in a prominent position on the corner of Monk Street and Werburgh Street. The unit was previously occupied under Planning Use Class E and is being offered with vacant possession upon completion.
The ground floor accommodation provides a combination of open plan retail accommodation with a staircase providing access to the upper floor retail accommodation.
There is also a good-sized storeroom to the rear of the property.
The first floor comprises further open plan retail accommodation along with a small office situated to the rear of this level. A staircase leads to the rear of the premises and provides access to the second-floor accommodation which comprises useful retail/storage accommodation.
We feel there is scope to reconfigure or repurpose the property for residential use owing to location and square footage. This is subject to planning approval.
Freehold. Vacant possession upon completion.
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
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 3.6% 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.
