Mixed Use
DRAFT DETAILS
An excellent opportunity to acquire a vacant, three-storey mid terrace retail premises with residential accommodation above. The business has been a successfully family run pet shop for many years, however due to retirement the premises is being put up for sale.
The building would suit anyone wanting to run a commercial business with living accommodation, however the living space has been used as storage for some years by the current occupiers and therefore does require refurbishment back into a liveable standard. Alternatively, the property may suit investors with commercial and/or residential portfolios.
The main ground floor retail area offers 1259sq ft of accommodation. To the rear of the premises are a staff office (60sq ft) with a further storage/staff kitchen space (72sq ft) in two further rooms. A fire escape accesses a rear loading area/yard.
The residential accommodation/upper storage areas are accessed via a stairwell from within the main retail area. Stairs lead to first floor landing off, which was a kitchen, bathroom, bedroom and living room. A second stairwell off the main corridor leads to a second spacious attic bedroom on the second floor.
The accommodation comprises:
117 sq m (1259 sq ft)
5.6 sq m (60 sq ft)
2.7 sq m (29 sq ft) with sink unit
4 sq m (43 sq ft)
3.8m x 3.4m
5.6m x 4.3m
2.2m x 1.7m
3.3m x 2m
5.5m x 5.6m
Small rear yard extending to 7 sq m (75 sq ft) with outdoor wc and store. Access via passageway directly to the street.
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.
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