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Commercial Property
Located in a prominent position at the Northern Gateway to the town is a part let, part vacant property currently producing £26,914 per annum.
The property comprises the following individual units/lettings:
1,009sqft / 93.7 sqm. The property is let as a barbershop on a 5-year lease granted in October 2022. Rent: £9,500 per annum.
702 sqft / 65.2 sqm. Vacant possession.
335 sqft / 31 sqm. Vacant possession.
394 sqft / 37 sqm. Let as a hot food takeaway trading as Fat Pig BBQ on a 5-year lease granted in April 2022. Rent: £8,000 per annum.
1,569sqft / 145sqm. Let as offices on a 3-year lease granted in July 2015 (holding over). Rent: £9,414 per annum.
383 sqft / 36 sqm. Vacant possession.
Prospective buyers are advised to make all necessary independent enquiries and to inspect the legal documents prior to placing their bid as this will be binding.
The Seller has elected to charge VAT in respect of the Property and in addition to the Purchase Price the Buyer shall pay to the Seller the Value Added Tax on the Purchase Price.
Freehold. Part let/part vacant.
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.
