Offered to the market is this substantial property that offers a super commercial opportunity with the bonus of being able to live on site. The property offers shop front, workshop and offices which is complimented by a four bedroom maisonette. Located on Tennyson Avenue the property is close to town centre, bus and train stations and the sea front is within easy reach.
*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.
Entrance A aluminium glazed door gives access into a entrance porch with gas central heating radiator with a further two timber half glazed doors giving access into the entrance hall which offers gas central heating radiator, dado rail and stairs to 1st floor which gives access through into the shop frontage. Shop Front 14'8" x 19'8" (4.47m x 6m) A fully glazed shopfront with double doors giving access into. Behind the shopfront is a small corridor with storage cupboards and a opening giving access into a rear facing store/reception. To rear of the shop frontage to further storage rooms. First Floor To the first floor of the property begins the four bedroomed accommodation. Bedroom one 12'2" x 9'8" (3.7m x 2.95m) Bedroom one offers a gas central heating radiator, power points, telephone point and UPVC French doors leading out onto a timber decked area. House bathroom 8'2" x 8'11" (2.5m x 2.72m) Offering a three piece suite with panelled bath, pedestal hand wash basin and low flush WC. There are 2X double glazed windows to the side aspect, a gas central heating radiator and walk-in shower cubicle. Dining Room 6'3" x 12'6" (1.9m x 3.8m) Located directly next to the kitchen the dining room offers wall lights and power points. Kitchen 12'6" x 8' (3.8m x 2.44m) Offering UPVC windows to rear and side aspects the kitchen offers a range of wood wall and base units with tiled work surface over. The kitchen has gas central heating radiator, plumbing for washing machine, halogen hob with extractor over and a stainless steel sink with mixer tap over. Lounge 12'6" x 6.00 (3.8m x 6.00) An extremely spacious front facing lounge offering a box bay double glazed window to the front aspect with a double glazed window. The lounge offer offers a brick built fireplace, TV and power points, 2X gas central heating radiators, dado rail and plate rack and coving to the ceiling. Second floor Second Floor Landing The landing area offers a double glazed window to the rear aspect, gas central heating radiator, power point and loft access. Bedroom Two 11'2" x 14'6" (3.4m x 4.42m) Bedroom two is a good size double bedroom with rear facing double glazed windows, built in bedroom furniture, power points and the gas central heating radiator. Bedroom Three 7'7" x 12'6" (2.3m x 3.8m) Bedroom three is a front facing room currently used as an office with a range of storage cupboards. The room offers a gas central heating radiator, power point and double glazed window to the front aspect. Bedroom Four 13'5" x 11'8" (4.1m x 3.56m) Bedroom four is again a front facing bedroom offering gas central heating radiator power points, TV point and built-in storage. Workshop The property offers a fully contained workshop area with access to the first floor: Office 10'10" x 10'9" (3.3m x 3.28m) With a half glazed timber door, Gas central heating radiator and power points. Within the office is a storage area with loft access. Workshop area 33'10" x 12'11" (10.3m x 3.94m) A garage/workshop area offering a range of shelving, power points, gas central heating radiator, telephone point and a door to the side. Beyond the workshop area are three separate small workshops all offering power and light.
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 01482 238 824.
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.