Commercial Property
The property comprises of a Victorian three storey dwelling of brick construction and a pitch slate roof. The property is accessed from Lake Street and benefits from a roller shutter door.
The accommodation is currently configured to provide a retail area of approximately 25 sq.m. (215 sq.ft.) with ancillary storage to the rear containing kitchen facilities.
The first floor access has been removed and was previously via an external staircase to the side of the property. The accommodation above comprises of a kitchen and lounge with a central staircase leading to the second floor which contains a bedroom.
Please note we have not been able to internally inspect the first and second floor accommodation.
The property occupies a position on Lake Street in Lower Gornal near to the Fiveways island giving access to Robert Street, Church Street, Summer Lane and Ruiton Street.
In the immediate vicinity is a DVLA Test Centre and a Church is situated opposite. Development within the immediate vicinity is predominantly residential nature with a mix of local retailers.
The unit is considered to occupy a good trading position and is also considered suitable for conversion to sole residential use. Planning Permission has been granted for this change of use under Application No. CP17/0161.
We understand that the property is Freehold and vacant possession will be given upon completion.
We understand that VAT will be not chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
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 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.
