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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.
The property for sale is tinted pink on the plan.
We have been made aware this property is in the Town Centre (Chesterfield) conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made 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 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 including the Vendors Legal and Surveyors fees 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).
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.
