Retail property (out of town)

Rooms

Auctioneers Additional Comments Not provided
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively. The property is being sold via a transparent online auction.

Accommodation In Detail Not provided
Upvc double glazed door opening into

Main Sales Area 3.85m x 5.08m (12'7" x 16'8")
having suspended ceiling, Upvc double glazed windows to front elevation, fitted laminate flooring and staircase rising to Sub First Floor Level.

Sub First Floor Level 3.62m x 3.3m extending to 6.2m
having fitted laminate flooring and roller shutter door to rear.

Wash Room 1.95m x 3.92m (6'5" x 12'11")
having basin sink and plumbing for washing machine.

Note Not provided
The property is being sold via a transparent online auction. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

Separate WC Not provided
having double glazed window to rear elevation and wc.

Legal Pack Not provided
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments Not provided
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A nonrefundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Services Not provided
All mains electricity & water are believed to be connected to the property.

Tenure Not provided
The freehold interest in the premises is available to purchase, subject to the commercial lease of the ground floor of the premises and the long lease of the upper floor. The ground floor is let to an individual tenant on a 10 year lease with effect from 13th January 2023 at £7,000 per annum exclusive of business rates. There is an upward only rent review at the end of year 5 and tenant-only break option every two years. The upper floor of the property is a residential apartment, but this has been sold off on a long lease at a peppercorn rental without review. The purchaser will have no benefit or income from this part of the property.