Residential Development
DRAFT DETAILS A substantial three storied refurbished bar in a prime location benefitting from upper floors thought suitable for residential accommodation (stpc). Gross internal area approx 5,169 sq.ft.
The property comprises a three storey end of terrace building of brick construction. The building has undergone substantial refurbishment by the current owner. Externally work has been carried out to the walls and roof and new uPVC windows. The building extends approximately 5,169 sq.ft.
Internally to the ground floor is a newly fitted bar including radiators, sunken lights, new floor and bar area, electrics, replastering and ceiling tiles.
The first floor is configured with wcs and further function/office rooms with new laminate flooring, plastered walls and ceiling tiles.
The second floor has additional office/function room space and again comprises laminate flooring and plastered walls.
There is some snagging required to finish, however we feel the building would benefit from conversion to residential on the upper floors and this could be done with minimal effort and potentially to an HMO style development both subject to obtaining appropriate planning consent.
The property is located on the corner of the High Street and Dalkeith Street in Barrow in Furness occupying a prime position within the main commercial district. Within the immediate vicinity are a number of local and national retailers along with new housing developments. The train station is a five minute walk away.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the auctioneers.
The auctioneers have not inspected the property internally.
Vacant.
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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