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Bed Industrial For Sale
For sale by Modern Method of Auction: Starting Bid Price £130,000 plus Reservation Fee.
The property is a mid-terrace building of traditional construction with brick elevations under a pitched slate roof located along a retail parade on the popular Longecauseway with public street parking the streets surrounding the property.
The ground floor commercial section was previously used as a retail shop providing a sales area with a large office, storage room, fully fitted kitchen and WC facilities to the rear. There is access to the rear of the property for loading/unloading via an electrical shutter.
The first floor is accessed through a door to the front of the property and provides a large duplex three double bedroom flat with a large open plan kitchen/living room. The residential section is fitted out to a high standard and benefits from gas central heating, double glazed windows and is carpeted throughout and is fully alarmed with CCTV system in place.
The property is to be sold with vacant possession.
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 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT.
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
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.
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