Commercial Property
The property comprises a part two storey, part single storey, former bank premises, situated in a prominent position on Market Place, opposite the Market Square. The property is of brick construction, surmounted by a pitched tiled roof with a flat roof over the single storey element.
The property provides a former banking hall, office accommodation, ancillary storage and strong room to the ground floor, with former staff room, storage accommodation and male and female WCs.
Bingham is a popular Nottinghamshire market town, situated approximately 10 miles east of Nottingham and 11 miles south west of Newark-on-Trent.
The property is situated in a prominent position within the town centre. There is a mix of commercial uses within close proximity.
Within the vicinity, there is Eaton Place Shopping Precinct, a Co-op Food Store, Costa, Frank Innes and a JD Wetherspoon.
We understand that the property is held Freehold.
Ground floor: 2,050 sq.ft. (190.44 sq.m.)
First floor: 554 sq.ft. (51.48 sq.m.)
Total NIA: 2,604 sq.ft. (241.92 sq.m.)
All interested parties must seek their own verification of floor areas and dimensions and satisfy themselves that they are suitable for any proposed future use.
We understand that VAT will not be chargeable on this transaction. All interested parties are advised to refer to the Special Conditions of Sale within the legal pack for their own verification.
We understand that the area shaded blue is unregistered and no title plan is available. We are advised that the land is subject to third party rights of access. Full details are available within the legal pack.
See viewing schedule.
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.
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