Retail Property (High Street)
DRAFT DETAILS
Excellent retail investment opportunity comprising two ground floor retail units. 20 High Street has previously let at £4,740 per annum. 22 High Street is currently let to Gee Vee Travel on a 3 year lease from 12 May 2017 at £4,500 per annum.
The auctioneers have not inspected the property but believe it to comprise:
20 High Street: A retail unit measuring approximately 35.54 sq metres (382 sq ft).
22 High Street: A retail unit measuring approximately 34.55 sq metres (372 sq ft).
The shops are situated on the High Street of Goldthorpe, within a busy parade of shops, convenient for passing trade, all local amenities and close to major road networks including the M1 and A1M.
Lease Details:
The retail units have a long leasehold of 125 years from the completion date at £25.00 per annum.
Leasehold. Part let/part vacant.
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.
