For sale by Unconditional Online Auction.
Centrally located commercial property, let at £21,720 per annum.
The substantial property fronts Well Street within the historic town centre of Ruthin close to all necessary amenities and transport links. The property is fully occupied with scope for further rental increases subject to any individual lease and makes an excellent investment opportunity.
1. Laundrette:
GF: Laundrette / washing area.
FF: Bathroom, store room.
2. Convenience store:
GF: Shop area with small WC and washbasin.
3. Residential Flat:
GF: Entrance leading to stairs to first floor.
FF: Kitchen diner, lounge, bedroom with en suite.
4. Indian Restaurant and takeaway:
GF: Waiting room, dining area with bar, hallway, commercial kitchen.
FF: Male & Female toilets.
5. Carpet Warehouse:
GF: substantial open-plan warehouse.
Outside: Large rear yard.
Note: Lease information can be found in the legal pack. Rent reviews for the restaurant, laundrette and flat are due 2026. Unit 5 (Carpet Warehouse) is operating on a no-lease basis, paying £430pcm. As of the point of instruction, we are informed by the landlord that there are no arrears with any tenants.
Tenure: Freehold
EPC Rating: E and E
Terms:
Auction Details:
The sale of this property will take place on the stated date by way of Timed Auction 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 4.8% of the purchase price (subject to a minimum of £6,000 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.
Cavendish Residential - Ruthin
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.