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Sams Stores, 114 Chapel Street, Ibstock, LE67 6HG

Lot no: 24 Re-entry to a future auction
 

Guide Price £225,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Tuesday 3rd September 2019

11.30am
Key Features
  • Mixed Use Property
  • Shop to ground floor
  • 5 Bedroom Living Accommodation
  • Potential Development Site to Side
  • EPC Rating: C
  • Superb Investment
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Re-entry to a future auction

Semi-detached house

Property Description:

A ground floor sales shop of approx. 480 sqft, with 5 bedroom living accommodation.

Large carpark and gardens, offering scope for a building/development to the side and rear, subject to planning permission.

The shop and living accommodation could be converted to one large house, two large flats or a 7 bedroom HMO, subject to any required permissions.

The owner has had numerous schemes drawn by an architect for the development of the carpark and gardens to provide-

4 flats and a bungalow.
4 semi-detached houses and a bungalow.
6 Self contained apartments.

In more detail-

Ground Floor Shop

Main sales shop
Lounge
Kitchen
Bathroom

First Floor

Bedroom 1
Bedroom 2
Bedroom 3
Bedroom 4
Bedroom 5

Outside

There is a car park to the side for 8-10 cars.
There is a large rear garden with driveway, yard area and lawns.
Store/ Workshop- 6.80m x 6.50m
Boiler Room 2.80m x 2.70m

Tenure:

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.