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Commercial Property
***BUSINESS UNAFFECTED BY SALE***
Location:
Located within a prominent town centre position within walking distance of the market square and other town centre amenities, including bus stops/interchange and the rail station, but also neighboured by some of the towns more sought-after residential streets such as Tennyson Avenue and St Margarets Drive as well as being within the catchment area for St Marys Catholic Primary School, literally 5 minutes walk away.
Floorspace:
Net internal area over two floors with basement: 1704 sqft / 158 sqm
Lease Details:
Let to a local accountancy firm on a 3-year lease commencing June 2019 (holding over) at an annual rent of £14,000 per annum (£8.22 per sqft). A new 5-year lease term with a rent review after the third year has been agreed at the same rent, to be granted prior to auction. The Legal Pack will include a copy of the new lease.
Note:
The legal pack will be available prior to the auction. This will include the usual searches, title information including copies of the lease(s) and information concerning service charges and any tenant rent arrears together with contract and transfer documentation.
The property tinted in pink on the plan is subject to rights of access to 121 Saltergate tinted in brown on the plan.
The property is Grade II Listed.
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.
