This substantial commercial property which includes a shop with staff area and a 2 bedroom flat above, has ample storage to the rear along with a large garage.
The property could have a number of potential uses, subject to the necessary permissions.
Properties in this area have increased by 18% over the last 5 years.
*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold.
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.20% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Should you opt to use Conveyancing Services recommended by iamsold or the Partner Agent, please be advised that the iamsold will receive payment of up to £450.00 from the Conveyancing Provider for that recommendation where the services are taken, and a sale completes. It is important to note that recommended services are optional, and you should consider your options carefully before accepting any recommended services.
Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.
Ground Floor Commercial Premises - Shop Front - 19'10 x 14'1 (6.05m x 4.29m) - Entrance door to shop, which has a large display window with security shutter, and counter top. Staff Room - 11'11 x 10'8 (3.63m x 3.25m) - Stainless steel sink and drainer, separate hand wash basin, wood door to rear with security shutter. Cloakroom - High level wc. First Floor Flat - Entrance - UPVC front door, door to hallway. Hallway - Stairs to first floor landing, storage cupboard, door to rear yard. Landing - Storage cupboard, loft access. Bedroom 1 - 18'7 x 10'7 (5.66m x 3.23m) - Two double glazed windows, radiator. Shower Room - 7'4 x 5'11 (2.24m x 1.80m) - Low level wc, walk in shower, wash basin, double glazed window, radiator. Bedroom 2 - 9'10 x 6'7 (3.00m x 2.01m) - Double glazed window, radiator. Dining Kitchen - 14'6 x 12'2 (4.42m x 3.71m) - White fitted kitchen, sink and drainer with mixer5 tap, gas cooker point, splash back tiles, double glazed window, radiator, double doors to lounge. Lounge - 14'5 x 11'9 (4.39m x 3.58m) - Double glazed bay window, dado, coving to ceiling, electric fire, white fire surround, wall lights, radiator. External - Yard - There is a yard to the rear giving access to the store room/workshop and the garage. Store Room / Workshop - 15'0 x 8'11 + 10'5 x 8'8 (4.57m x 2.72m +3.18m x 2.64m) - A large two roomed outhouse accessed from the yard which houses an industrial freezer (assumed not working) Garage - Large garage with electric roller shutter door and walk in storage cupboard.
This property is sold subject to payment of a non-refundable reservation fee of 4.20% to a minimum of £6,000.00 including VAT.
Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.
A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.
This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.
A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement in the 28 day period following the auction or the date of acceptance of the offer.
If the Buyer Information Pack has been produced and provided by iamsold any successful purchaser will be required to pay £300.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
For further information or to speak to one of our team, please call 0191 239 0802.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.