Commercial Development
A mid terraced commercial property comprising of a ground floor retail unit with upper floor storage space.
Planning permission has also been granted for conversion from retail to residential and to form a one bedroom house. Ref 23/00313/FUL Granted November 2023.
Well placed within the town centre and close to other retail outlets and residential accommodation. Close to the Train Station and with easy access to the M1 and motorway network
Estimated rental value as a retail unit of £6000 per annum.
An excellent investment opportunity offering strong potential for return on investment or a development opportunity, with planning permission granted to convert into a one-bedroom dwelling house.
Retail Unit
Storage Room
Ground Floor, Open plan lounge/ Kitchen / Diner, First Floor, Bedroom and Ensuite Shower Room
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
On Street
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.
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