To be sold by the Modern Method of Auction- starting bid price £150,000 plus reservation fee- T&C’s apply
To be sold with vacant possession, a double fronted two story shop premises with separate access to first floor and yard at the rear.
Previously used as a tanning studio and situated within the main shopping parade in Netherton village.
Briefly comprising to the ground floor, reception area 20”9 × 24”8 (maximum), there is plumbing for WC as well as plumbing for small kitchenette, store room and further room to the rear of the building 25” x 13”2 overall. The first floor is accessed via a staircase to the side of the shop giving access to two rooms measuring 14”9 × 9”2 and 14”9× 11”3. Externally a passage way to the right hand side leads to a cobbled yard which neighboring properties have access.
The 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. The additional time allows buyers to proceed with mortgage finances. The buyer is required a reservation agreement to make a payment of non refundable reservation fee. This is 4.5% of the purchase price including VAT subject to a minimum fee of £6,600 including VAT. The reservation fee is paid in addition to the purchase price and will be considered as part of the chargeable consideration for the property and the calculation for stamp duty liability. Buyers will be required to go through an identification process with IAMSOLD Ltd and provide proof of how this will be funded.
...The property has a buyer information pack which provides 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 do your own due diligence before bidding. A sample copy of the reservation agreement and the terms/conditions are also contained within the pack.The buyer will also make a payment of £300 including VAT towards the preparation cost of the pack, where it is has been provided by IAMSOLD Ltd.
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