FOR SALE BY MODERN METHOD OF AUCTION; STARTING BID PRICE £80,000 PLUS RESERVATION FEE. An outstanding investment opportunity: A substantial property with an impressive degree of versatility offering 2300 sqft of accommodation and an estimated potential gross income of £25,000 PA.

FOR SALE BY MODERN METHOD OF AUCTION; STARTING BID PRICE £80,000 PLUS RESERVATION FEE

An outstanding investment opportunity: A substantial property with an impressive degree of versatility in terms of the end use, commercial or residential, utilised as one property equating to 2300 sqft, with an estimated potential gross income of £25,000 PA.

Located on the outskirts of the town centre, local services including train and bus services within walking distance whilst the M1 can be reached within a short drive. Presenting an ideal opportunity for the property investor, landlord or private homeowner looking for substantial accommodation.

ACCOMMODATION

GROUND FLOOR 

RECEPTION HALL

STORE 

SHOWER ROOM

ROOM ONE

ROOM TWO

ROOM THREE

FIRST FLOOR

LANDING

STORE ROOM

SHOWER ROOM

ROOM FOUR

ROOM FIVE

ROOM SIX

SECOND FLOOR

LANDING

W.C

SHOWER ROOM

ROOM SEVEN

ROOM EIGHT

EXTERNALLY

There is a forecourt garden area to the front. Enclosed yard / garden to the rear

ADDITIONAL INFORMATION

A Freehold property with mains gas, water, electricity and drainage. Fixtures and fittings by separate negotiation. Council Tax Band - C and an EPC rating of F. The property is for sale by the Modern Method of Auction and is bought as seen.

AUCTION DETAIL

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 Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer’s 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 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 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.

REFERRAL ARRANGEMENTS

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.

DIRECTIONS

S70 4PD