Commercial Property
The property comprises of a brick built two storey unit currently configured as part storage and office space to the ground floor and storage to the first floor.
The unit is accessed via a roller shutter and benefits from separate side entrance and yard area. The ground floor accommodation has been divided with partition walls allowing for easy reconfiguration with kitchen and wc facilities currently in place.
The ground floor accommodation has an approximate GIA of 2,500 sq.ft (232 sq.m).
The first floor accommodation has an approximate GIA of 2,400 sq.ft (222 sq.m) and is accessed via an internal staircase to the rear of the unit.
The unit fronts Cable Street close to the junction with Steelhouse Lane. The area is predominantly industrial with numerous warehouses and the Central trading estate entrance close by. There is a large residential development in progress along Carlton Lane bringing huge regeneration to the area. The premises is well served by the motorway network with the M6 accessible within a few miles.
We have been advised VAT is applicable please refer to the legal pack for clarification.
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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