Key Features

Summary

Guide Price £550,000+ plus fees

A freehold investment opportunity comprising three commercial units along with a residential dwelling offered fully let, boasting a current rent passing of circa £60,000 per annum.

The accommodation comprises a three storey building with cellarage and having a mock Tudor frontage, mainly built of brick with a pitched roof to the main building and flat to the rear extension.

The property comprises to the ground floor a retail shop with substantial amount of storage space and vehicle delivery area at the rear, along with a separate restaurant accessed from the rear of the building. The upper floor accommodation is accessed via a staircase leading from Knifesmithgate to accommodation above comprising a Hair Salon and above this a residential apartment.

We are advised the current income consists of:

Restaurant with rent passing £24,752 pa.

Nail Shop £23,000 pa.

Hair loft located on the first floor £6,399 pa.

Residential apartment on the third floor £6,000 pa.

Viewing is By Appointment Only!

Full Description

General Notes
Interested parties are advised to inspect the legal pack for more information.
Flood Risk

Rivers and Seas No Risk. Surface Water Very Low.

Draft Sales Details
These sales details are awaiting vendor approval.

Tenure:
Freehold. Subject to tenancy.

Mobile Phone Coverage
O2, EE, Three and Vodafone are available.
Broadband (estimated speeds)

Standard 19 mbps. Superfast 80 mbps.
Satellite and Cable TV Availability

BT and Sky are available.





Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).

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 for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

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 Term

AML
We are subject to the Money Laundering Regulations 2007. AML regulations apply to every business in the financial services sector, so anti-money laundering checks must be carried out by accountants and solicitors, as well as firms in property, insurance, investment and general finance.

We are therefore obliged to verify prospective purchasers.

The cost to do so is £30+vat per named buyer, which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required.

This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer) and is non-refundable.

Buyers Terms
Link to this can be found below...

https://www.sdlauctions.co.uk/wp-content/uploads/2023/12/BuyersTerms_Dec23.pdf



Auction Conduct Guide
Link to this can be found below....

https://www.sdlauctions.co.uk/wp-content/uploads/2023/01/34298-SDL-Auction-Guide-for-Buyers-EWS-Nov22.qxp_SDL..pdf

Legal Pack
Link to this can be found below....

https://passport.eigroup.co.uk/account/log-in

Register to Bid
Link to this can be found below....

https://www.sdlauctions.co.uk/remote-telephone-proxy-bidding/