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23 Market Place, Market Rasen, Lincolnshire LN8 3HL

Lot no: 44 Withdrawn Post
 

Guide Price £70,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 3rd May 2018

11.30am
Key Features
  • A three storey commercial property
  • Located within the centre of Market Rasen
  • EPC Rating: D
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Withdrawn Post

Commercial Property

Property Description:

An excellent opportunity to acquire a three storey freehold shop &
premises located within the centre of the town. Market Rasen is a small town within the West Lindsey district of Lincolnshire & is some 13 miles north east of the city of Lincoln,16 miles south west of Grimsby & is also conveniently located for the Humber Bank, Humberside Airport and the M180 motorway.

Shop 15'11" x 13'1" (4.86m x 3.98m)
Middle Store 12'0" x 10'8" (3.65m x 3.25m)

with staircase to first floor

Back Store 13'4" x 8'9" max (4.06m x 2.67m max)
Basement

Store 1. 4.16m x 3.15m
Store 2. 3.35m x 1.97m
Store 3. 2.97m x 1.36m

First Floor Landing
Front Room 15'2 x 13'5" max (4.62m x 4.10m max)
Middle Room 12'0" x 7'5" (3.66m x 2.26m)
Back Room 13'7" x 9'10" (4.13m x 2.99m)
Second Floor Landing
Front Room 15'2" x 13'3" (4.58m x 4.05m)
Middle Room 12'0" x 7'7" (3.66m x 2.32m )
Back Room 13'6" x 9'9" (4.11m x 2.96m)
Tenure:

See Legal Pack. 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 Variable Fee (England and Wales).

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 fees apply:

  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

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 Price
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.