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Commercial Property in Sheffield

Unit 12, Bailey Drive, Killamarsh, Sheffield, South Yorkshire S21 2JF

Lot no: 43 Property type: Commercial Property Auction type: Unconditional with Variable FeeWhere exchange occurs immediately on the fall of the gavel. The successful bidder will be legally obliged to exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) and a reservation fee of 4.8% inc VAT or 4.2% inc VAT in London (subject to a minimum of £6,000) and complete within a set time period. Please note the reservation fee does not contribute towards the purchase price.

Guide Price* £115,000+plus fees Result Sold at Auction £130,000



Commercial premises approximately 3000 sq ft

Property Description

The property comprises a brick and concrete clad 3000sq ft industrial building previously used for vehicle salvage and scrap metal recycling. The building has roller shutter access doors to the front and rear of the premises. To the left of the unit is a fully functioning weigh bridge. There is a separate single storey Portacabin style office to the front providing four partitioned offices, toilets and kitchen facilities. The buildings are centrally sited within its own secure compound. We believe there is 65 years left on the lease but North East Derbyshire District Council have considered lease extension

Tenure

Leasehold. Vacant possession upon completion.


Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

A 5% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.

*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of the Guide Price and the Reserve Price click here.

Energy Performance Certificates
EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.

Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or cheque deposits. Remote bidding facilities are also available.

Auction Fees
The sale of this lot is subject to a reservation fee of 4.8% including VAT or 4.2% including VAT for London (subject to a minimum of £6,000 including VAT).

The Reservation fee represents a different set of charges to the regular auction lots. A reservation fee is payable by the buyer where a seller has opted to sell with no fees. However, as a result, a lower reserve price is usually agreed. The reservation fee does not contribute toward the purchase price.

Please check the legal pack for full details of any associated fees which can be downloaded from our website from the lot information section above or please contact the auction office.

The buyers administration fee does not apply to this property.