Mixed Use
SALE BY ORDER OF THE LPA RECEIVERS J. LIDDIMENT & P. GREENHALGH.
The property comprises a two storey mid-terraced building within a parade of similar units fronting Prince of Wales Lane in Shirley. The ground floor comprises an off licence benefitting from on street parking with the first floor an apartment refurbished to a high standard.
We are verbally advised that the property is Freehold.
The property is being offered subject to a tenancy agreement granted on 19th October 2019 due to expire 31st December 2021 on the ground floor paying £16,000 per annum. The first floor accommodation is held on an assured shorthold tenancy agreement commencing 19th October 2019 for a term of 12 months with rent passing of £550 per calendar month We advise interested parties to inspect the legal pack for more information.
The property is located along Prince of Wales Lane within a parade of shops within an area of ex local authority housing. Shirley high street and train station are within walking distance.
Strictly by arrangement with the Auctioneers.
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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