Commercial Property for auction in Wellingborough

Description

A former Barclays bank offered with vacant possession upon completion situated in a prime position in Wellingborough town centre, offering 663.79 sq m (GIA) of space covering ground floor, first floor and basement area.

The ground floor is open plan with a kitchenette and cloakroom/wc leading off to the rear.

The property has a front facing window, fluorescent lighting and is presented in good

decorative order both internally and externally. There is parking to the rear for at least 4 vehicles and loading/unloading.

Use of the property will be under Class A of the Use Classes Order 1987.

NET INTERNAL AREAS:

Ground Floor: 310 Sq. M. (3,347 Sq. Ft.)

First Floor: 218 Sq. M. (2,357 Sq. Ft.)

Basement: 106 Sq. M. (1,141 Sq. Ft.)

TOTAL: 634 Sq. M. (6,845 Sq. Ft.)

Interested parties are advised to inspect the legal pack for more information.

Accommodation

Leasehold Information
125 years from 31 December 1980. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Note
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Draft Sales Details
These sales details are awaiting vendor approval.

Tenure

Leasehold

Occupancy

Vacant posession upon completion

Costs

Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 3.6% of the purchase price inc VAT

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price 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. A full definition can be found within the Buyers Terms.