26 Seaview Road, Colwyn Bay, Clwyd, LL29 8DG

  • Conditional Online Auction Sale
  • Guide Price* : £41,000 Plus Fees

FOR SALE BY CONDITIONAL ONLINE AUCTION


  • Freehold investment commercial premises
  • Sold subject to tenancy producing £5,200 per annum
  • Popular and convenient town centre location

Property Description

FOR SALE BY CONDITIONAL ONLINE AUCTION

Retail Unit For Sale

The property comprises a ground floor retail unit, incorporating an extensive glazed front elevation, accessed directly from the pedestrianised area to the front; and is currently used as a Craft Shop.


Location

The property is situated to the northern side of Colwyn Bay, within easy travelling distance of the NorthWales Expressway (the A55). Seaview Road is a popular pedestrianised area and includes a selection of established retail occupiers; with the Bay Shopping Centre including both Morrisons, Boots Opticians and a Travelodge in close proximity.


Tenure

We understand the property is held freehold, but is subject a 6 year lease from May 2017 at a current rental of £5,200 p.a.
We have not had sight of any legal documentation relating to the premises, but further information will be provided within the legal pack


Tenure
Freehold

*Start Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price, also known as a 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 which is available to download on our SDL Auctions website.


Viewing Details

By arrangement with the auctioneer 0345 319 2162.


Energy Performance Certificates

EPCs can be viewed in the Related Documents section on our SDL Auctions website or in the legal pack.


Auction Type: Conditional with Reservation Fee

Every online bidder must first create an account via the SDL Auctions website, in the online auction section. This is a very quick and simple process. In order to bid, you will need to be authorised for money laundering purposes, this will be carried out at the registration stage. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.

Once you have registered, you will be able to search, download legal documents, arrange site viewings and contact the Auctioneers and the solicitors if you have queries on the property.

If you are the successful bidder, at the end of the specified time period, you’ll enter into a reservation agreement with the seller and will have 40 business days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 40 business day reservation period, the seller is not able to accept other offers.

The sale of this lot is subject to a reservation fee of 4.8% including VAT or 4.2% including VAT in London, subject to a minimum of £6,000 including VAT. This does not contribute towards the purchase price and is payable on the fall of the hammer.

We will automatically charge you a minimum fee of £6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer.

By placing a bid, you are authorising the auctioneer to sign the reservation contract on your behalf.

Full terms and conditions are available on the SDL Auctions website.


Joint Agent

SDL Auctions



Minimum Opening Bid

£41,000

Enter Bid (Min £41,000)

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Joint Agent

For viewings please contact:
SDL Auctions
0345 222 0197

Legal Documents

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Related Documents