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10 Silver Street, Trowbridge BA14 8AA

Lot no: 5 Sold Prior to Auction
 

Guide Price £75,000+ plus fees

UnconditionalOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Tuesday 10th December 2024

9.00am
Key Features
  • Freehold semi-detached commercial property
  • Let and producing £9,500 per annum
  • Ground floor hair salon let on 5 year lease
  • Upper floor and rear ground floor let on long lease
  • Vibrant high street location
  • EPC Rating: E
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Sold Prior to Auction

Property Description:

Occupying a vibrant high street location in this popular town is an imposing freehold semi-detached commercial property.

Fully let, the ground floor shop is subject to a 5 year lease from June 2023 at £9,500 per annum and there is reversionary interest in the upper floor and rear ground floor that are subject to a 125 year lease from October 2024 at a peppercorn rent.

Note

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.

Tenure:

Freehold. Subject to tenancy.




Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.

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, 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 (and any applicable Home Report for residential Scottish properties).

Please Note:

Under the Estate Agents Act 1979 we are required to declare any conflict of interest. The seller of this property is related to an employee of SDL Property Auctions. If you have any queries regarding this, please contact us for further information.


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.