Mixed Use
The auctioneers have not inspected the property but believe the building comprises a two-story brick built mid terraced dwelling with a commercial unit to the ground floor benefitting from glass frontage and roller shutter and separate access to the first floor which provides 4 separate rooms. There is scope for further development to the rear subject to obtaining appropriate planning consent and fully let we feel circa £20,000 pa is achievable. Current income circa £9,880 per annum.
The lot is located along Chester Road East, Shotton; within an area of mainly mixed use housing stock. Shotton Railway station is within a minutes walk of the building and there are several national retailers within the vicinity. There are also a number of large industrial sites including Tata Steel within the area creating a large demand for housing within the area.
We understand that VAT will not be chargeable
Strictly by arrangement with the auctioneers
Freehold. Part let/part vacant.
Subject to the following tenancies for three rooms:
AST dated 7th February 2020 producing £55 per week.
AST dated 9th November 2018 producing £80 per week.
AST dated 10th July 2020 producing £55 per week.
Current income circa £9,880 per annum.
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.
