Mixed Use
Exceptional investment opportunity, this appealing freehold former bank is situated in a prime town center location. The basement and ground floor have been refurbished into serviced office spaces which are currently vacant, while the first and second floors house two HMOs. The building retains some of its unique characteristics, including the old bank vault doors located in the basement.
Rothschild HMO occupies the first floor and features 6 fully furnished rooms, each with ensuites, as well as a fully equipped kitchen. Currently, it accommodates 5 residents, with rents of 3 rooms at £600 PCM, 1 room at £630 PCM, and 1 room at £620 PCM.
Darwin HMO is located on the second floor and also includes 6 fully furnished rooms with ensuites, along with a fully fitted kitchen. All fully vacant.
In summary, the ground floor consists of a spacious open-plan office area, complemented by 3 separate offices or meeting rooms. The basement has been transformed into a lobby area featuring a kitchenette, male and female restrooms, 3 additional offices or meeting rooms, and a service room.
The property enjoys a central location at the intersection of High Street and Ironmarket. Nearby retailers include Café Nero, Lloyds Bank, Clarks, SpecSavers, and The Co-op Bank.
Please see below a link to a video of the office spaces:
_https_www.youtube.com/watch?v=MfA1dC1ihjo&list=PLIlW-qdRpvoaS3ZzrgQVMaF28_xRRIFn-&index=4
Freehold. Part let/part vacant.
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
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 1.2% of the purchase price (subject to a minimum 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.
