Commercial Property
A modern retail building extending to approximately 640 Sq M (6,888 Sq Ft) arranged over ground and first floor. Unit 1-3 is currently let to Point Accounting on a Tenancy at Will at a rent of £12,000 per annum, with Unit 4 being vacant. Part of the first floor area is currently in shell condition, with the opportunity to add value by completing the fit-out/conversion works.
The property has frontage to South Street and Salisbury Street and is a short distance from Albert Square Shopping Centre. There is a 300-space free car park adjacent and nearby retailers include Greggs, Halifax, CEX and Morrisons.
The property benefits from planning consent for subdivision of the ground floor accommodation into three commercial units and also change of use consent to convert the first floor into two flats. The property may be suitable for other alternative uses, subject to obtaining the necessary consents.
Ground Floor: 207 Sq M (2,228 Sq Ft)
Ground Floor: 105 Sq M (1,130 Sq Ft)
Leasehold. Part let/part vacant.
Auction Details
The sale of this property will take place on the stated date by way of Multi lot timed 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 1.8% of the purchase price (subject to a minimum of £2,400 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.
