Commercial Property
The property consists a prominent three storey mid terrace with access along Euston Road.
The auctioneers have not inspected the property but believe it to comprise -
Occupied by Hays Travel agency with a Bureau de Change inside. The Ground floor accommodation comprises main trading area with partitioned office off. To the rear is a storage area, along with kitchen facilities and rear fire escape.
Configured as office space and benefit from wc and a separate external staircase along with being accessible from within the unit below.
We feel that there is the potential to create two apartments on the upper stores subject to obtaining planning permission.
The property is held on a tenancy at will by Hays Travel agency paying £11,700 pa. We would advise interested parties to inspect the legal pack for more information.
The property is centrally located within the town of Morecambe within the main shopping district. Within the immediate vicinity are several national retailers such as Nationwide, TSB Bank, Ladbrokes and Barclays Bank. Morecambe railway station is a few minutes walk from the property.
We understand that VAT will not 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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