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58 Pow Street, Workington, CA14 3AB

Lot no: 40 Postponed
 

Guide Price £70,000+ 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.

Thursday 30th July 2020

10.30am
Key Features
  • Spacious vacant freehold three storey commercial unit
  • Potential to convert into alternative use (stpc)
  • Prime position within town centre
  • Excellent opportunity
  • EPC Rating: D
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Postponed

Commercial Property

Property Description:

A three storey end of terrace building previously occupied by Your Move Estate Agents with glass frontage and separate side entrance thought suitable for change of use into part residential subject to obtaining appropriate planning consent.

The ground floor accommodation is split into two parts with the front trading area extending approximately 255 sq.ft leading to a rear retail space extending approximately 450 sq.ft. The stairs leading to the first floor are located between the two areas and also include a separate door to the side of the building meaning a change of use and separate tenants could be accommodated with very minimal changes to the ground floor layout.

The first floor accommodation comprises - Room One extending to approximately 255 sq.ft with window facing front aspect and - Room Two extending to approximately 182 sq.ft with window facing to rear aspect.

The second floor accommodation comprises - Landing extending to approximately 210 sq.ft x 3.5m including combi boiler (not tested), separate male and female WCs and Room Four extending to approximately 240 sq.ft.

Location

The property is located along Pow Street in Workington town centre with many national and local retailers in the immediate vicinity. Workington train station is within walking distance of the property.

VAT

We are advised VAT is not applicable.

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.

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