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Commercial Development
An investment/development opportunity in the centre of Glossop with 0.6 acres with warehouse and land.
The warehouse and piece of land is situated just off Surrey Street, which is accessed off High Street West, in Glossop Town Centre. The property is down the road from the Tesco Superstore and Wrens Nest retail Park which includes occupiers such as Next PLC, Argos and Wickes.
The site is currently fully let to two separate tenants, comprising of one warehouse split into two. To the right hand side, unit one, The Whistle Stop Play Cafe(childrens play centre) currently let at £11,500 per annum on full repairing and insuring terms. Unit two, which is to the left hand side of the site as you look at it from a birds eye view is currently let, trading as Glossop Firewood and Fuel Suppliers, on full repairing and insuring terms at £11,000 per annum. We have been advised that both tenants are holding over.
Ground Floor 2,630 square foot
Mezzanine 814 square foot
Total 3,444 square foot
Ground Floor 2,446 square foot
First Floor 108 square foot
Total 2,554 square foot
Approximately 0.6 acres
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.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
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.
