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Commercial Property
***BUSINESS UNAFFECTED BY SALE***
Location:
Located within a prominent town centre position opposite the Soresby Street and Rose Hill East and West car parks flanking the Town Hall. The market square and other town centre amenities, including bus stops/interchange and the rail station are but a short walk away.
Floorspace:
Net internal area over three floors: 631 sqft / 58.6 sqm. The tenant has knocked the property through to 87 Saltergate, which they own the freehold of. There are provisions within the lease for the tenant to reinstate 85 Saltergate as one property (separate from 87) prior to determination of the lease.
Lease Details:
Let to Small Business Accountants Ltd on a 5-year lease commencing January 2020 (holding over) at an annual rent of £8,100 per annum (£12.84 per sqft). A new lease term at the same rent is to be granted prior to auction. Legal pack to provide a copy of the lease once terms agreed but term to be 3-years or 5-years with a rent review after the third year.
Note:
The legal pack will be available prior to the auction. This will include the usual searches, title information including copies of the leases(s) and information concerning service charges and any tenant rent arrears together with contract and transfer documentation.
Freehold. See legal pack.
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding 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.
