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496 Manchester Road, Stocksbridge, Sheffield S36 2DU

Lot no: 38 Sold Prior to Auction
 

Guide Price £210,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 30th March 2023

10.00am
Key Features
  • A newly built block
  • Two commercial units and four one bedroom apartments
  • Excellent investment opportunity
  • EPC Ratings: TBC
  • Council Tax Bands: TBC
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Sold Prior to Auction

Mixed Use

Property Description:

*Investment Opportunity* A newly built block comprising two commercial units and four apartments in Stocksbridge, Sheffield

Excellent investment opportunity comprising two commercial units to the ground floor and four, one-bedroom apartments across the first and second floors. The ground floor commercial units require the final stages of renovation, but the flats above have been completed to a high standard throughout subject to some snagging. Once complete, we believe the commercial units would be well suited to a variety of potential uses. The property also benefits from a substantial cellar, providing potential for further development, subject to the relevant consents. The property is secure and benefits from a key fob alarm system. Situated within Stocksbridge Town Centre, the property neighbours predominantly commercial premises and all necessary amenities can be found nearby, including shopping facilities and a number of popular cafés and eateries. There are strong transport links in the area including good road links and a regular bus network.

Large Cellar
Ground Floor
Commercial Unit One with toilet:

18ft 09 x 13ft 05

Commercial Unit Two:

18ft 10 x 10ft 09

Toilet:

3’08 x 7’10

First Floor
Flat One
Kitchen

10ft 07 x 11ft

Shower Room

9ft 01 x 2ft 06

Bedroom

Bedroom 14ft 02 x 7ft 09

Flat Two
Kitchen

10’11 x 11’

Bedroom

13’05 x 7’09

Shower Room

5’08 x 5’04

Second Floor:
Flat Three
Kitchen

9ft 08 x 14ft

Bedroom

9ft x 10ft 07

Shower Room

7ft 01 x 5ft

Flat Four
Kitchen

13ft 05 x 9ft 09

Bedroom

8ft 11 x 8ft 10

Shower Room

6ft 03 x 5ft

Tenure:

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.