Office
A double fronted commercial unit situated in a prominent location and currently occupied by Smart Homes Estates Ltd.
We have been informed that the accommodation offers a 24ft wide shop front with two display windows. There is also a separate office to the rear with a wc and a cellar which offers storage space. The premises sits in a prominent position with public parking nearby.
The property is located in a prominent position fronting Court Street, Madeley in an area of predominantly commercial units. There are local amenities near by including a superstore and public parking.
We are informed the property is leasehold, held on a long lease commencing 14 August 2007 with a term of 125 Years. The property is currently let to Smart Homes Limited who hold a 6 year lease (outside of the LLTA) with a guarantor commencing 21st December 2018 at a rent of £6,600 per annum. The Auctioneers have not verified the tenancy agreement and further details will be provided within the legal pack.
Leasehold.
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.
