Retail Property (High Street)
DRAFT DETAILS
Two storey commercial building in popular location.
The property comprises a two storey mid terraced office building of traditional construction with full height brickwork elevations all under a pitched slate roof. The property internally comprises of a reception area, offices with a kitchen and two WCs on ground floor. The first floor comprises a further three offices. There is a cellar which has been tanked and is currently used as storage. The property is currently let to a firm of solicitors at a rental of £10,000 per annum. The lease is due to expire February 2023. The property is located on Higher Hillgate, on the periphery of Stockport Town Centre. The property is situated nearby to Wellington Road South (A6) which is one of the main arterial routes into Stockport Town Centre and the M60. The area is a mix of commercial and residential with Stockport Town Centre less than a mile away.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Area 412 square feet (38.3 sq.m)
418 square feet (38.8 sq.m)
145 square feet (13.7 sq.m)
Length of lease: 998 years from 2.8.1875. Years remaining: 852
Current ground rent: TBC
Ground rent review period: TBC
Current service charge: TBC
Service charge review period: TBC
This information should be clarified in the legal pack and we’ll update the information above when we receive it.
Leasehold.
Auction Details
The sale of this property will take place on the stated date by way of Timed Auction and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
Guide Price & Reserve Price
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.
