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Land
The plot extends to 326.3 sqm or thereabouts, comprising a brick-built lock-up garage and separate L-shaped brick store building, the latter building is partially occupied by a substation held on a 21-year lease to the National Grid, commencing 1st June 2014, which restricts its development potential for residential or commercial uses acceptable to the Planning Authority.
An indicative cost estimate has been provided by the National Grid for replacing and relocating the substation plant within a smaller cabinet/housing to the site frontage, a copy of which is to be provided in the legal pack. The sale shall therefore be subject to overage provisions should development of the site become a viable prospect.
Located in a prominent town centre position adjoining the Shentall Memorial Gardens and in sight of the Town Hall.
May be suitable for alternative uses, subject to obtaining the necessary consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Freehold. See legal pack.
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 Fixed Fee.
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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
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, including payment of the Sellers legal and surveyor’s fees, which will be available to view within the Legal Pack. The Legal Pack will include the usual searches, title information including copies of the leases detailing service charges and information concerning any tenant rent arrears, where applicable, together with contract and transfer documentation. 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 (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.
