Commercial Property
The property comprises a mid terraced ground floor retail unit with ancillary accommodation whilst the first floor has been prepared to a shell form to provide a flat comprising living room/kitchen area, two bedrooms and bathroom. On the second floor there is a further flat in shell form set out to provide kitchen/dining area, lounge area, two bedrooms and bathroom. The upper floors are accessed via a newly created front door entrance immediately from Sheep Street.
The property occupies a prominent position fronting the eastern side of Sheep Street one of the two main shopping streets within the town centre, near its junction with Lawrence Sheriff Street and just a few metres from the main High Street.
Sheep Street is pedestrianised and comprises a good mix of bars, restaurants, pubs and retail uses whilst the Rugby Hotel lies immediately opposite, there is pay and display car parking within close proximity. The world renowned Rugby School lies a short distance from the property. Rugby is an attractive Warwickshire market town on the River Avon lying approximately 13 miles east of Coventry and 35 miles south east of Birmingham.
Rugby benefits from excellent access to the motorway network with the M1 and M6 motorways merging close to the town centre.
We understand the property is Freehold and vacant possession will be given upon completion.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
Freehold. 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.
