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98 High Street, Burton on Trent, Staffordshire DE14 1LJ

Lot no: 42 Sold at Auction for £72,500
 

Guide Price £68,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 8th June 2017

11.30am
Key Features
  • Retail shop with ancillary accommodation above
  • Total floor area 1,090 sq. ft. (100.4 sq. m)
  • Excellent freehold investment opportunity
  • Popular edge of town centre location
  • EPC Rating: E
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Sold at Auction for £72,500

Commercial Property

Property Description:

The property fronts the western end of High Street close to its junction with Horninglow Street and opposite the site of the former Riverside Shopping Centre. This site is owned by the local authority and is planned for redevelopment.

Ground Floor:
Sales Area – 262 sq. ft. (24.3 sq. m)

Single fronted with display windows, carpet floor, suspended ceiling, fluorescent lighting, two electric storage heaters and electric security shutters to display window.

Office/Store 129 sq. ft. (12 sq. m)

Carpet tiled floor, fluorescent lighting and one electric storage heater. Side door to entry leading to High Street.

Rear Store/Office 141 sq. ft. (13.1 sq. m)

Carpet tiled floor, fluorescent lighting, and two electric storage heaters. Side door to rear yard.

First Floor:
Office/Store 246 sq. ft. (22.9 sq. m)

Carpet tiled floor, fluorescent lighting, and one electric storage heater.

Kitchen 54 sq. ft. (5 sq. m)

Open plan stairs, single drainer stainless steel sink unit, carpeted floor, fluorescent lighting.

WC

With wc, wash hand basin and carpet floor.

Second Floor:

There are two storage rooms at second floor level with a total floor area of approximately 258 sq. ft. (24 sq. m). Both have fluorescent lighting and carpeted floor.

Outbuilding 105 sq. ft. (9.8 sq. m)

There is an outbuilding to the rear of the property suitable for storage.

Services

Mains electricity, water and drainage are available to the premises.

Joint Agents

Rushton Hickman, 186 Horninglow Street, Anson Court, Burton on Trent, Staffs DE14 1NG – 01283-517747

Tenure:

Freehold. Vacant possession upon completion.


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.