4 bedroom commercial property for saleSheep Street, Warwickshire, CV21
- A Freehold Town Centre Retail Unit with Upper Floors, suitable for conversion to provide two apartments
- subject to any appropriate planning permission.
- EPC Rating: G
For sale by auction on Wednesday 24th October 2018
At Birmingham Auction, Aston Villa FC, Holte Suite, Trinity Road, Birmingham, B6 6HE
Commencing at 10:30 am
A Freehold Town Centre Retail Unit with Upper Floors, suitable for conversion to provide two apartments subject to any appropriate planning permission.
The property comprises a mid terraced ground floor retail unit with ancillary accommodation whilst the first floor has been prepared to a shell form to provide a flat comprising living room/kitchen area, two bedrooms and bathroom. On the second floor there is a further flat in shell form set out to provide kitchen/dining area, lounge area, two bedrooms and bathroom. The upper floors are accessed via a newly created front door entrance immediately from Sheep Street.
The property occupies a prominent position fronting the eastern side of sheep street one of the two main shopping streets within the town centre, near its junction with Lawrence Sheriff Street and just a few metres from the main High Street.
Sheep Street is pedestrianised and comprises a good mix of bars, restaurants, pubs and retail uses whilst the Rugby Hotel lies immediately opposite, there is pay and display car parking within close proximity. The world renowned Rugby School lies a short distance from the property. Rugby is an attractive Warwickshire market town on the River Avon lying approximately 13 miles east of Coventry and 35 miles south east of Birmingham.
Rugby benefits from excellent access to the motorway network with the M1 and M6 motorways merging close to the town centre.
Value Added Tax
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
By arrangement with the auctioneer 0121 233 5046 or can be booked online www.sdlauctions.co.uk
Conditions of Sale
The Conditions of Sale (also known as the legal pack) will be available to download from our website, www.sdlauctions.co.uk, prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction. The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of the Guide Price and the Reserve Price click here.
Energy Performance Certificates
EPCs can be viewed in full in the legal pack or from the lot information section of our website.
Unconditional Auction Method
Contracts are exchanged on the fall of the hammer and a 10% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price.
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or cheque deposits. Remote bidding facilities are also available.
The sale of this lot is subject to a buyer’s administation fee of £1074 including VAT (unless otherwise stated in the important notices), payable on the fall of the hammer.
The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section, or to find out more about any additional fees associated with this property please contact the auction office.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call SDL Auctions Bigwood, Birmingham on 0121 233 5046.
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