Commercial Property
The property comprises a two storey mid terrace of brick construction, surmounted by a pitched roof. The property which trades as a well established local opticians provides a main retail and office on the ground floor, with two further rooms and a kitchen on the first floor.
The property occupies a prominent position fronting the southern side of Bristol Road South, within the main retail pitch of Northfield, within the immediate vicinity there is a mix of local and regional retailers and national operators including Aldi, KFC, Argos, Lloyds and Halifax.
We understand the property is Freehold, subject to a Lease to Virdi and Pepall Ltd, for a term of 5 years with effect from 24th April 2015, at a rent of £7,900 per annum.
The tenant is well established within this location and has been in occupation of the premises for in excess of 10 years.
A copy of the Lease will be available for inspection within the legal pack.
We understand that VAT is not chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
Freehold. Commercial investment.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
