Expanding your car repair business? looking for an investment opportunity? diversifying your rental portfolio? or looking for development land? Then take a closer look at this interesting prospect situated close to the A180 on Pyewipe Road, it could just be the one for you..... A real gem of a buy in our opinion, this prospect is hidden from the main road down a ten foot shared access.
*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.
Main workshop 29' 5'' x 61' 3'' (8.97m x 18.66m) A large workshop well illuminated with windows and and roof paneling to allow in natural daylight. Two large sliding doors give vehicular access with pedestrian door also. All outside uPVC doors and windows have secondary iron bar coverage for security. Inside the current owner of the garae repair business is leaving various ramps and equipment for any incumbent purchaser or user. Stairs lead to a mezzanine area which has a useful storage area. Main work shop kitchen 10' 1'' x 6' 8'' (3.08m x 2.04m) With separate uPVC frosted door and window. Main workshop office 9' 11'' x 12' 0'' (3.02m x 3.66m) Good sized office room Main workshop store 9' 11'' x 9' 3'' (3.02m x 2.83m) Large secure storage room Secondary workshop 18' 5'' x 49' 6'' (5.62m x 15.10m) Another large workshop is currently rented for £75 P/W and has large sliding door to the front and clear roofing in parts to allow daylight in. This property has its own electric supply. Secondary workshop office 8' 0'' x 6' 0'' (2.43m x 1.83m) A sectioned off office area. Garages 8' 2'' x 15' 8'' (2.50m x 4.78m) The above measurements are a guide only as we could not get in to measure. All 8 garages were let at the time of print for £20 each per calendar month. The are brick built with a corrugated roof. There are also two parking spaces rented for £10 each a month. DETACHED HOUSE Kitchen 9' 9'' x 9' 3'' (2.98m x 2.81m) A smart looking kitchen with oak laminated kitchen units with grey work top over, integral oven grill, hob and extractor over, sink drainer, splash back tiling, tiled floor, uPVC frosted door and windows, space for washing machine and tall fridge freezer, grey decor, ceiling light and radiator. Lobby A spacious lobby area has wood laminate flooring and neutral decor, storage cupboard, pendant and wall light, radiator and new 5 week old boiler. Lounge 17' 3'' x 10' 0'' (5.25m x 3.06m) Large lounge with uPVC frosted window to the side, carpet, neutral decor, two radiators, pendant light, electric fire with brick fireplace. Bathroom 5' 7'' x 8' 9'' (1.70m x 2.67m) A good sized bathroom has three piece cream bathroom suite with shower over bath having glass shower screen.The room has tiled splash backs, grey decor, tiled flooring, uPVC frosted window to the side, chrome towel radaitor and extractor. Stairs and landing Turning 90 degrees the stairs and landing are both carpeted with neutral decor, two uPVC windows and two pendant lights. Bedroom One 13' 9'' x 10' 1'' (4.20m x 3.08m) A large double bedroom has two uPVC windows, neutral decor, carpet radiator and pedant light. Bedroom two 9' 1'' x 7' 1'' (2.77m x 2.15m) A single room has uPVC window to the side, carpet, neutral decor, radiator, loft access and pendant light.
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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 01724 781 351.
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.