Retail Property (High Street)
3 Crown Bank runs along Stafford Street where it meets Crown Bank Square and is in a prominent position overlooking the city. The property is in close proximity of Specsavers, TSB, HSBC and Boyle Sports.
A prominently located three storey retail premises briefly comprising an open plan ground floor sales area with goods lift to the first floor. On the first floor is a large prep room of 345 sq. ft. plus office and storeroom. On the second floor are two offices, and mens and ladies toilets. The property could be converted on the upper floors to a 3-bedroom apartment or 2 x studio/1 bed apartments with the relevant consent. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding. The premises has previously operated as a well-known high street bakery but could also be used for retail, financial services or offices.
All mains services are connected. No services have been tested by the agents. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
OUTGOINGS
BUSINESS RATES
Rateable Value: £18,750
Rates Payable: £9,356.50 per annum(22/23)
492 sq ft
345 sq ft
68 sq ft
18 sq ft
147 sq ft
144 sq ft
55 sq ft
39 sq ft
The sales price is not subject to VAT.
Freehold. Vacant possession upon completion.
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.
