Mixed Use
DRAFT DETAILS An excellent opportunity to acquire a vacant, three-storey semi detached retail premises with residential accommodation above. The business was previously a successfully family run chip shop for many years, however due to the decision to downsize their property portfolio the premises is being put up for sale. We have been informed that the property has previously been let on a long lease for £1,080pcm (£12,960 per annum). We believe there may be potential to achieve a higher income once the property has been renovated.
The main ground floor retail area offers 35m2 (377 sq ft) of accommodation. The retail area is tiled floor to walls and retains the original serving counter and fryers. To the rear of the premises is a prep kitchen 14.4m2 (153 sq ft). Just off the prep kitchen is a small store 3.6m2 (39sq ft) with separate staff WC and wash basin. To the rear of the prep kitchen is a large store 18m2 (194 sq ft). There is access to a lean to covered outdoor area that runs alongside the length of the premises that provides further storage or off-street parking.
The residential accommodation is accessed via a separate stairwell leading to the first floor to the rear of the premises. The main entrance leads to a small hallway off which are the living room and kitchen. Stairs lead up to the 2nd floor with 3 bedrooms and bathroom.
The premises would suit anyone wanting to run a commercial business with living accommodation, however the property requires modernisation throughout. Alternatively, the property may suit investors with commercial and/or residential portfolios. The property may also convert into a family home with the potential to extend the property subject to securing the necessary planning consents.
The accommodation briefly comprises:
41.68m2 (449sq ft)
7.89m2 (85sq ft)
5.26m2 (57sq ft)
6m x 2.97m with front and rear facing windows, radiator
3.94m x 2.78m with base and wall storage units, sink and radiator.
3.92m x 3.7m with rear facing window and radiator.
3.74m x 2.2m with front facing window, and radiator.
3.3 x 1.85m with radiator and rear facing window.
With Wc, wash hand basin, bath and radiator.
Lean to covered space to the right-hand side of the property. 22.8m2 (245 sq ft)
Freehold.
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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