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ONLINE AUCTION from 30th AUGUST-1st SEPTEMBER
Built in the 1960’s this former miners institute provides opportunity for investment. Subject to planning consent, this building is suitable for a multitude of uses. We have been advised that former uses include a social club and cinema.
A detached building, partially comprised over three floors, the lower ground floor currently consists of an unfinished one bedroom flat, the second floor a former cinema with two bar areas. The first floor consists of a one bedroom flat in the initial stages of development.
The property is positioned on a generous plot providing parking in excess of two cars. There are a number of access points throughout the building.
We have been advised the are no planning applications for this property (please refer to the local council for confirmation).
The property benefits from electric, gas and water connections (not tested).
We have been informed that this property is exempt from business rates.
Vendor has advised that there is no VAT due on the sale of this property (to be confirmed by a solicitor).
|Floor||Description||Area Sq Ft||Area Sq M|
|Lower Ground Floor||Room 1||249.2||23.15|
|First Floor||Former Bar||616.0||57.23|
|First Floor Flat||Bedroom||162.15||15.06|
To be sold with vacant possession
Advised Freehold - to be verified by solicitor
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 £975) 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. 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.
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