FOR SALE BY CONDITIONAL ONLINE AUCTION.
On behalf of Streets Ahead

Mixed Use Property for Sale

Our clients have owned the business for over 27 years and have really enjoyed running the shop and getting to know the regulars, however due to retirement they wish to Rent/Sell, We believe it would suit a partnership or perhaps family.

It has enjoyed an excellent reputation within the area and further afield, for the very high quality of the food and service offered, which resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

Our clients can introduce the buyer to the suppliers they used.

This is an excellent opportunity for a new owner to take this popular business, therefore early viewing must come highly recommended to avoid disappointment.

The business is surrounded by a wealth of domestic houses, with ample scope for a delivery service should the buyer desire.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.

The chip shop has great eye- catching signage and is located in a prominent trading position on Loscoe Road with ample residential houses.

Service area – ground floor
• Fitted counter with large menu boards above
• Tilled walls
• Non-slip flooring

Kitchen/Potato Room – lower ground
• Fitted with stainless steel worktop
• Plenty of storage
• Tiled walls
• WC

Equipment included in the sale
•Deep Fryer*2
• Commercial fish fridge
• Under counter freezer
• Under counter fridge
• Upright fridge freezer
• Bain Marie
• Electrolux commercial gas oven
• Commercial tall fridge
• Larder fridge
• X 4 stainless steel worktops
• Stainless steel sink area

The building is up to date with fire and safety checks

Tenure
See Legal Pack

The legal pack will be available online at least seven days prior to sale ending and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the end of the auction.

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.

Every online bidder on SDL Auctions must first create an account on the online section of the SDL Auctions website - sdlauctions.co.uk/property-auctions/online/

This is a straightforward process. Starting the registration includes filling out your personal details, verifying your email address, and accepting the Online Auction ‘Terms and Conditions’. Once you have done this you will be able to search, ‘watch’ lots and download legal documents.

After starting the registration process you can come back to it to complete at a later date. We suggest completing the registration process at least 3 working days before the lot is due to end, in case you have any problems and need to contact the auctioneers.

In order to bid, you will need to be authorised for money laundering purposes. This includes uploading copies of two forms of identification and passing a anti-money laundering check. 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.

If you are the successful bidder you will be legally obliged to buy the property for the full purchase price. You will enter into a reservation agreement with the seller and 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 sale is secure and the seller is not able to accept other offers. By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf.

The sale of each Lot is subject to a reservation fee of 4.8% Inc VAT (or 4.2% Inc VAT in London), subject to a minimum of £6,000 Inc VAT. The reservation fee does not contribute towards the purchase price.

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.

Full terms and conditions are available on the SDL Auctions website - sdlauctions.co.uk/wp-content/uploads/2019/04/SDL-Auctions_buyer-terms.pdf