47 Southgate, Sleaford, Lincolnshire, NG34

For Sale by the Modern Method of Auction - T & Cs Apply

Prime town centre retail premises FOR SALE by the MODERN METHOD OF AUCTION with vacant possession. The Property comprises an attached three storey retail premises that extends to over 422.9 sqm (4,553 sqft) and backs on to a  pay and display car park with over 90 spaces. The property will be sold with vacant possession and in the agent's opinion, the upper floors would suit some form of redevelopment.

Viewing is strictly by appointment.

BUYING CONDITIONS

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 buyer's 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 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 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 INFORMATION PACK

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.

LOCATION

Sleaford is a popular market town situated at the junction of the A15 and A17, linking the town to the A1 at Newark (approx. 17 miles) and Lincoln, 17 miles to the north. The town has a population of 18,000 but serves a significantly larger catchment and is the administrative centre for North Kesteven District Council and the main headquarters for Interflora in the UK.The property is in a prime location in Southgate, immediately adjacent to Boots, and opposite Greggs, Specsavers, Iceland as well as having Moneys Yard Car Park with over 90 spaces to the rear, which can be accessed via the pedestrian walkway adjacent to the property.

ACCOMMODATION

The Property comprises a ground floor retail unit currently with ancillary accommodation over the two upper floors. In the agent's opinion, the upper floor could suit some form a redevelopment subject to statutory and regulatory requirements being obtained. Floor plans are attached showing the extent of the accommodation.

SERVICES

Main services are connected to the property. The service installations have not been tested by the agents and any interested parties should make their own enquiries into the suitability.

TENURE

The freehold is for sale subject to vacant possession.

BUSINESS RATES

The Property has a rateable value of £33,250 under reference .

CEPC

The property has an EPC rating of B (40).

VAT

We understand that VAT will not be charged on the sale price.

LOCAL AUTHORITY

North Kesteven District Council.

VIEWINGS

Viewings are strictly by appointment only.