COMMERCIAL GROUND FLOOR PREMISES WITH POTENTIAL TO CREATE 4 LETTINGS ROOMS ABOVE SUBJECT TO SOME RENOVATION WORKS AND APPROPRIATE APPROVALS.INVESTMENT OPPORTUNITY POTENTIAL FOR OWNER OCCUPIER FORMERLY HOUSED A SUCCESSFUL GENERAL DEALER BUSINESS TRADING AS MILLFIELD NEWS PRIOR TO RECENT RETIREMENT
*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold.
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.
GROUND FLOOR COMMERCIAL UNIT Retail shop premises which formally traded as Millfield News operating as general dealers and Newsagent. Shop frontage of 21'0 with shop depth of 49 foot representing approx 1029 square foot of main shop space. The shop is secured by roller shutters and will be free of fittings as can be seen in the photos, various electric sockets and fluorescent lights. Door to the rear leads to store room. STORAGE AREA 20' 0'' x 15' 0'' (6.09m x 4.57m) Measurements are approx. Roller shutter access for loading stock from the rear etc, toilet and sink for staff use, and an additional pedestrian door providing access from the rear yard to a rear staircase leading to first floor accommodation. Lockable door to the rear of the shop providing staircase access to the first floor accommodation. FIRST FLOOR LANDING 5 doors leading off, 2 to rooms, 2 to flats, 1 to WC. Door to second floor staircase. Space for shared washing machine. FLAT 1 LOUNGE/BEDROOM/KITCHEN 20' 8'' x 17' 0'' (6.29m x 5.18m) The room is L shaped and measurements taken at widest points. Laminate wood effect flooring, rear facing white uPVC double glazed window. Fitted kitchen area with stainless steel sink and matching tap, fitted wardrobes with space for bed, double radiator, door leading off to shower room. SHOWER ROOM 10' 0'' x 8' 3'' (3.05m x 2.51m) Vinyl flooring, single radiator, rear facing white uPVC double glazed window with privacy glass. White toilet with low level cistern, white corner shower with glass shower screen and shower fed from the main Combi boiler system. White sink with chrome tap built into storage units. The walls are mostly finished in a ceramic tile. FLAT 2 ENTRANCE HALL Entrance via white uPVC sliding door. Double radiator. Door leading off to shower room, door leading off to kitchen, door leading off to lounge/bedroom. SHOWER ROOM 6' 3'' x 4' 0'' (1.90m x 1.22m) Vinyl flooring, white corner shower cubicle with shower fed main Combi boiler. There is no toilet in this flat, however, they can use the shared toilet on the landing with room 3 and room 4. KITCHEN 10' 11'' x 10' 9'' (3.32m x 3.27m) Vinyl flooring, wooden framed single glazed window. Fitted kitchen with a range of wall and floor units plus stainless steel sink. Integrated electric oven and 4 ring gas hob, space for tall fridge/freezer. LOUNGE/BEDROOM 14' 9'' x 14' 6'' (4.49m x 4.42m) Laminate wood effect flooring, single radiator, archway to single glazed window and storage area. WC 3' 5'' x 2' 9'' (1.04m x 0.84m) Vinyl flooring, white toilet with low level cistern, white sink with single pedestal and chrome tap. ROOM 3 14' 8'' x 13' 3'' (4.47m x 4.04m) Carpet flooring, double radiator, front facing white uPVC double glazed bay window with views over Hylton Road. Fitted wardrobes and dressing table running the length of one wall providing a good degree of storage and hanging space. ROOM 4 10' 10'' x 8' 8'' (3.30m x 2.64m) Carpet flooring, double radiator, front facing wooden framed double glazed window with views over Hylton Road. SECOND FLOOR SMALL KITCHEN AREA 9' 7'' x 7' 5'' (2.92m x 2.26m) Measurements are approx. Tiled flooring, kitchen unit and laminate surface with built in stainless steel sink comprising; single bowl, single drainer and matching tap. Space for a electric cooker, space for washing machine, double radiator, 2 wooden framed Velux style roof lights. Door leading off to shower room. SHOWER ROOM 7' 5'' x 5' 0'' (2.26m x 1.52m) Tiled flooring, chrome towel heater style radiator, white toilet with low level cistern, corner shower with shower fed from the main Combi boiler system, white hand basin with chrome tap. The walls are mostly finished in ceramic tile. LOUNGE 13' 6'' x 7' 3'' (4.11m x 2.21m) Carpet flooring, double radiator, wooden framed double glazed Velux style roof light with elevated views, recessed lights to ceiling. Open plan door way leading off bedroom. BEDROOM 13' 8'' x 5' 8'' (4.16m x 1.73m) Carpet flooring, single radiator, wooden framed double glazed Velux style roof light, built-in cupboard providing some storage space. GENERAL There is gas central heating to most areas via Combi boiler located on the first floor.
This property is sold subject to payment of a non-refundable reservation fee of 4.2% to a minimum of £6,000.00 including VAT.
Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.
A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.
This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.
A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement in the 28 day period following the auction or the date of acceptance of the offer.
If the Buyer Information Pack has been produced and provided by iamsold any successful purchaser will be required to pay £300.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
For further information or to speak to one of our team, please call 0191 239 0802.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.