***BUSINESS UNAFFECTED BY SALE***

Location:
Located in a prominent position opposite the Royal Mail sorting office and McDonalds, within 5 minutes walking distance of the market square and other town centre amenities, including bus stops/interchange and the rail station. Also, equally close to Chatsworth Road regarded as one of the towns most sought-after locations with a wealth of independent shops, restaurants, bars and cafes.

Floorspace:
Net internal area over three floors: 1566 sqft / 145.5 sqm. The lease also includes tenant living accommodation on the second and third floor.

Lease Details:
Let to Fothergill’s (Hairdressers) on a 5-year lease commencing September 2021 at an annual rent of £7,500 per annum (£4.79 per sqft). A new 6-year lease term with a rent review after the third year has been agreed at £8,000 per annum (£5.11 per sqft), to be granted prior to auction. The Legal Pack will include a copy of the new lease.

Note:
The legal pack will be available prior to the auction. This will include the usual searches, title information including copies of the lease(s) and information concerning service charges and any tenant rent arrears together with contract and transfer documentation.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of £1,500 inc. VAT

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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding 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.