Commercial Property
The property comprises a two storey mid terraced of brick-built construction surmounted by a pitched roof. The unit is occupied by Bella's Takeaway and is configured to provide twelve covers having a modern aluminium trade counter with cooking preparation area behind, along with rear storage and WC's.
The unit extends to approximately 746 sq.ft. (69 sq.m.).
The property benefits from rear access via a service road.
The property occupies a prominent position fronting the southern side of Bristol Road South, approximately 0.5 miles from the Northfield Shopping Centre directly opposite Hawkesley Mill Lane.
Within the vicinity there is a mix of local, regional and national retailers including Aldi, Argos, Lloyds, Halifax and Action Bikes.
We understand the property is Freehold subject a Lease for a term of 10 years from 19th September 2017 at a rent passing of £10,000 per annum. The rent increases to £11,000 per annum from 1st August 2020 and £13,000 per annum from 1st August 2023.
The first floor has previously been sold subject to a 99 year Lease from 25th March 1991 at a peppercorn rent.
We have not had sight of the Leases, however copies will be available for inspection within the legal pack.
We understand that VAT is chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
Freehold. Subject to tenancy.
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.
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