Commercial Property
DRAFT DETAILS
The property comprises a three-storey end of terrace office building extending approximately 2,000 sqft and benefiting from separate access via Finkin Street and Elmer Street south to the ground and upper floors thus reducing conversion costs. The current configuration is office space utilising partition walls.
There is planning consent for the creation of 3No 1-bedroom apartments and 3No 1 Studio apartments. Interested parties are advised to inspect the planning portal with planning number S20/1079 for more information
The Building is located along Finkin Street on the corner with Elmer Street South within an area of predominantly Commercial buildings. Several schemes have been successfully completed within the vicinity to convert into residential due to the proximity to Grantham town Centre with its amenities and transport links providing a huge demand for accommodation.
We understand that VAT will be chargeable on this transaction
The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.
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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