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53-55 Weston Road, Stoke-On-Trent, ST3 6AB

Lot no: 34 Re-entry to a future auction
 

Guide Price £68,000+ 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.

Wednesday 25th March 2020

11.30am
Key Features
  • Vacant possession
  • Centrally located
  • Close to amenities
  • Excellent investment potential
  • EPC Rating: G
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Re-entry to a future auction

Commercial Property

Property Description:

A double fronted mid-terrace two storey brick-built building surmounted by a pitched roof. The commercial unit previously occupied by Co-operative Travel is centrally located along Weston Road and offers first floor accommodation and potential for mixed use. It is felt that the creation of an external stair case from the rear courtyard could provide separate access for residential accommodation along with the commercial unit being split into two smaller units to provide a higher rental income all subject to obtaining the appropriate consents.

The property comprises:

Ground Floor:

Consisting of former office accommodation, wc and kitchen facilities along with separate external storage and has an area of approximately 710 sq foot.

First Floor:

Accessed via an internal staircase and leads to a number of rooms which could be converted for residential use, subject to obtaining appropriate planning consent.

Outside:

To the rear is access via a service road providing space for parking.

Location:

The property is centrally located along the busy Western Road within an area of national and local retailers. These include
Co-Operative Foods, Pizza Hut and Nisa Local with the Blythe Bridge train station a short distance away.

Value Added Tax:

Please refer to the legal pack for clarification.

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.