Waiting for video...
ONLINE AUCTION from 3rd OCTOBER-5th OCTOBER
A substantial, five storey commercial premises. The property comprises of a double fronted retail unit to ground floor of the property, and three stores of vacant space above. The also benefits from a lower ground floor. The property fronts Station Road but also benefits from access a rear access via Ivy Street.
Subject to the relevant conditions this property may be suitable for alternative use such as a restaurant, gym or café. Additionally, there may be scope to convert it into smaller retail units or residential accommodation.
The property is situated within the main retail area of the town, amongst popular retailers such as Boots, Santander, William Hill and many others. The train station is 100 yards from the property. Additionally there is a large public car park to the rear.
Colwyn Bay is a popular seaside resort, with excellent road access to the A55 (North Wales Coastal Expressway) and is approx. 49 miles west of Liverpool.
The property benefits from electric and water (not tested).
Current rateable value is £34,250. The property is classified as ‘Shop and premises'.
Vendor has advised that there is VAT payable on the property (to be confirmed by a solicitor).
|Floor||Area Sq Ft||Area Sq M|
|Lower Ground Floor||1,267||117.71|
To be sold with vacant possession
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £1,200) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.