An exciting and rare investment opportunity to acquire this property with tremendous business potential with floor space extending to over 3,000 square feet (315 square metres) which is only available due to retirement!**
An ideal opportunity for the investor, business developer or commercial buyer alike to acquire themselves this four bedroom end terraced property with the benefit of a shop front previously used as a Convenience Store, Newsagents and Lotto. We are advised the business achieved a good weekly turnover of approximately £3,000.
Formerly two terraced properties, the property also offers great potential including conversion into flats or HMO, extending the property to the side or into the roof space, all of course subject to the necessary planning permissions and consents.
The accommodation briefly comprises entrance hall, open plan kitchen/dining/sitting room, shop front with store room off, shower room/w.c. and staircase leading down to two cellar rooms. The first floor landing leads to four well proportioned bedrooms and the house bathroom/w.c. Outside, there is gated access to a low maintenance garden area.
*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 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 4.2% 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 £300.00 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.
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.
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.
ENTRANCE HALL Timber door leading into the entrance hall. Loft access. Doors to the shower room/w.c. and kitchen/sitting/dining room. SHOWER ROOM/W.C. 5' 1" x 5' 7" (1.55m x 1.71m) Three piece suite comprising shower cubicle with mixer shower, low flush w.c. and wash basin. Part tiled walls, central heating radiator, timber framed double glazed frosted window to the side and extractor fan. KITCHEN/DINING/SITTING ROOM 29' 7" x 12' 7" (9.03m x 3.85m) max Two central heating radiators, timber framed double glazed window to the side and aluminium framed double glazed sliding patio doors to the side with roller shutter. The kitchen area comprises wall and base units with laminate work surface and tiled splash. Integrated oven and grill with four ring gas hob and cooker hood above, twin bowl sink and drainer, plumbing and spaces for a washing machine and dishwasher, space for a tall fridge/freezer. Doors to inner hallway and shop front. INNER HALLWAY Staircase to the first floor landing and door to the commercial shop. SHOP FRONT 27' 7" x 17' 0" (8.41m x 5.20m) max Display shelving and fridges. STORE ROOM CELLAR ROOM ONE 13' 11" x 12' 8" (4.26m x 3.88m) Old curing table and lighting. CELLAR ROOM TWO 15' 4" x 13' 7" (4.68m x 4.16m) Old curing table and lighting. FIRST FLOOR LANDING Doors to four bedrooms and the house bathroom/w.c. BEDROOM ONE 14' 11" x 14' 0" (4.57m x 4.28m) max Two timber framed double glazed windows with secondary glazing, wall mounted gas fire on a tiled hearth, central heating radiator, coving to the ceiling and a range of fitted wardrobes with dressing table and drawers. BEDROOM TWO 14' 0" x 11' 6" (4.28m x 3.51m) Timber framed double glazed window to the front, central heating radiator, wall mounted gas heater and a range of fitted wardrobes with storage cupboards and drawers. BEDROOM THREE 14' 2" x 11' 4" (4.33m x 3.46m) Timber framed double glazed window to the side with secondary glazing, central heating radiator, laminate flooring and coving to the ceiling. BEDROOM FOUR 10' 9" x 5' 5" (3.30m x 1.67m) Timber framed double glazed window to the side, central heating radiator and walk-in wardrobe. HOUSE BATHROOM/W.C. 7' 6" x 5' 9" (2.29m x 1.76m) Three piece suite comprising panelled bath with shower attachment, low flush w.c. and wash basin. Part tiled walls, timber framed double glazed frosted window to the rear, central heating radiator and fitted storage cupboards. OUTSIDE Gated access to a low maintenance garden area to the rear.
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This property is sold subject to payment of a non-refundable reservation fee of 4.2% 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 01274 649 684.
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.