Commercial Property
DRAFT DETAILS
Two Freehold terraced shop units 3 and 5 located along Bell Street, Wellington within a popular Pedestrianised area benefitting from a large amount passing footfall.
Number 3 Bell Street is trading as a Photographic Studio held on a on a three year lease commencing 1/12/20 with rent passing of £6,500 per annum.
5 Bell Street trading as a Gents barbers is holding over from Sept 2016 with a rent passing of £5,750 per annum.
The premises are in the town centre of Wellington. Wellington Town Centre is the principal district centre of Telford and situated approximately one mile from Junction 7 of the M54.
The town centre amenities, including the train station, are within easy walking distance. There are also numerous free car parks throughout the town. Surrounding occupiers include Age UK, Escape Hair and Beauty and Tasty Chinese.
Wellington is an established administrative centre and market town with a population of approximately 25,554 people making it by far the largest of the borough towns and the third largest town in Shropshire when counted independently from Telford. However, the town centre serves a greater area of approximately 60,000.
Please be advised that room measurements are currently not available. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.
Freehold. Subject to tenancy.
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 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.
