Ground Floor & Basement Retail Unit – Potential Income of £15,000pa

Formerly Martins Newsagents, this double fronted ground floor & basement retail unit is located in a prime location within Whaley Bridge. There could also be the option to split the unit into two due to separate accesses (subject to relevant planning permissions) as the electric meters have already been split. Ground Floor: Sales area (491 sq ft) and a former kitchen (63 sq ft). Lower Ground Floor: Storage area/Work space and a WC. Situated in Market Street, the property benefits from its proximity to a pedestrian crossing, ensuring steady footfall and visibility for potential customers. The potential income could bring in approx. £15,000pa. If rented our separately, the ground floor could achieve approx. £10,000pa and the lower ground floor could achieve approx. £7,000pa. Rateable Value: £7,200pa as of 1 April 2023 – Present. Tenure: Leasehold Length of Lease: From 22 March 2005 to 10 December 2747 Service Charge: Please refer to legal pack Ground Rent: Please refer to legal pack Title number: DY388668 Council Tax Band: Business Rates Local Authority: High Peak Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip

Tenure

Leasehold. DY388668

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating B

Local Authority

High Peak Borough Council

Solicitors

Lovedays Solicitors, Ref: Lovedays Solicitors, Tel: 01629 55660

Offered in association with

Nina Lubman Estate Agents

Additional Fees

Buyer's Premium - £3600 inc VAT payable on exchange of contracts.

Administration Charge - 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.