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Former NatWest Bank, 21 & 21A Station Street, Kirkby-in-Ashfield, NG17 7AQ

Lot no: 84 Sold at Auction for £122,000
 

Guide Price in excess of £120,000 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 14th December 2017

10.30am
Key Features
A Freehold Former Bank Premises situated in an established retail location. The property provides alternative use potential, subject to obtaining the necessary planning consents.
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Sold at Auction for £122,000

Commercial Property

Property Description:

The property comprises a part two storey part single storey mid terrace former bank premises. The property is of brick construction with a stonework facade and surmounted by a pitched slate roof and flat roof over the single storey element.
The property provides a former banking hall, office accommodation, storage, male and female WC's and store room to the ground floor, with former staff room and storage to the first floor.

Location

Kirkby-in-Ashfield is a busy market town located in Nottinghamshire approximately 12 miles north west of Nottingham.
The property is situated on the prime retail pitch within the town. There is a mix of local and national retailers including a Morrisons Food Store, William Hill, Wetherspoons and Lloyds all within the vicinity.

Tenure

We understand that the property is held Freehold.

Accommodation

Ground Floor: 1,865 sq.ft. (173.26 sq.m.)
First Floor: 624 sq.ft. (58 sq.m.)
Total NIA: 2,489 sq.ft. (231.23 sq.m.)

All interested parties must seek their own verification for areas and dimensions and satisfy themselves that they are suitable for any proposed future use.

Value Added Tax

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.

Viewings

See viewing schedule.

IN PARTNERSHIP WITH:

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.