This property is no longer on the market
Property
Property description & features
STARTING BIDS £55,000
The premises comprise of a ground floor retail unit, previously utilised as a cafe and a first floor self contained flat with a tenant paying £325 pcm on an assured shorthold tenancy. The retail unit has historically obtained an income iro £400 per month.
The unit provides 56 sq metres (approx) 603 sq ft (approx) and comprises of cafe/ retail area, kitchen and wc/toilet. Suitable for a variety of uses subject to planning permission). Neighbouring occupiers include, council offices, general store, A5 takeaway and hairdressers.
Retail Unit with self contained flat
For Sale By Modern Auction
Starting Bids £55,000
what3words
Every three-metre square of the world has been given a unique combination of three words. A free App is available for iOS and Android smartphones and using the unique sequence of words below you will be able to pinpoint this property.
///topping.rafters.snooping
Accommodation
56 sq metres (approx) 603 sq ft (approx)
More information
Freehold Mixed Use
Vacant Ground Floor Retail Unit
Ist Floor Flat (with own entrance)
Tenant income of £325 pcm
Starting Bids £55,000
Business Rates
Enquiries regarding the rateable value and details of precise amounts payable should be directed to the relevant Local Authority.
Tenure
Freehold
Proposed Terms
For Sale Freehold by the modern method of auction
Legal Costs
The ingoing purchaser/tenant will be responsible for our Client’s reasonable legal costs incurred in connection with this transaction together with any Stamp Duty and VAT where applicable.
VAT
All offers where made silent of VAT are deemed to be made exclusive thereof.
Notes
All measurements are approximate and are for guidance purposes only.
Auctioneers Notes
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer’s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. 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 Modern Method of Auction, which is operated by The Great North Property Auction powered by iam-sold Ltd
Viewing
By appointment through the Sole Agents, Browns Commercial [use Contact Agent Button]
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 83215. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by the agent.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.