Mixed use investment opportunity in a prominent position within Waterfoot.
A substantial, mixed-use property in Waterfoot, split over four floors and comprising a ground floor restaurant with freezers and preparation area in the basement and a two-bedroom, self-contained apartment to the first and second floors.
The property offers sizeable rooms throughout and remains in excellent condition, following a scheme of refurbishments done by the current owner in recent years. The property is fully double glazed and benefits from gas central heating throughout.
The property is located on Bacup Road, the man arterial route through the village and is surrounded by a mixture of both commercial and residential properties. All amenities can be found nearby including shops, transport links and both the local post office and pharmacy are nearby. Next to the property is a public car park providing plenty of space for parking.
Viewings are advised to appreciate the size/scope of the building, along with the current condition. A ready to go investment opportunity.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
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. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers 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 Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
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.
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 (and any applicable Home Report for residential Scottish properties).
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.