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1b Hoole Road, Hoole, Chester, CH2 3NQ

Lot no: 101 Sold at Auction for £235,000
 

Guide Price £200,000 - £250,000 plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Tuesday 30th June 2020

10.30am
Key Features
  • Substantial freehold commercial property
  • planning permission for the extension and conversion of the upper floor to provide a 2 bedroom apartment.
  • Situated within the heart of Chester’s most favoured suburb
  • Excellent opportunity
  • EPC Rating: D
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Sold at Auction for £235,000

Commercial Property

Property Description:

This is a rare opportunity to purchase a substantial and well positioned property within the heart of Chester’s most favoured suburb. The property is being sold due to relocation, having previously been used as an Estate Agents and is now offered with full planning permission for a two storey rear extension, the conversion of the upper floor to a fantastic, two bedroom self-contained apartment and for the change of the ground floor from A1 (Estate Agents) to D1 (Dental).

The property occupies a prominent corner position fronting, Hoole Road; the main arterial route into Chester City Centre. Set amongst a mix of both commercial and residential properties within Hoole’s thriving and fashionable community, this premises would suit a variety of different uses subject to all necessary planning permission. Internally the property offers a versatile, open-plan office area to the ground floor, along with separate kitchen and WC. To the first floor is an open plan office space.

Further information regarding the planning approvals can be found in both the legal pack and by visiting the Cheshire West and Chester Council website (Ref: 19/00233/FUL)

Ground Floor Sales area: 61.5 sq m (662 sq ft)
Ground Floor Kitchen: 5.4 sq m (58 sq f)
First Floor Office: 50.9 sq m (548 sq ft)
Note:

The buyers fee on this lot is £5,000 + VAT

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 Variable Fee (England and Wales).

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 fees apply:

  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

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 Price
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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