4-4a Cambridge Street, Wellingborough, Northamptonshire, NN8 1DJ

  • Conditional Online Auction Sale
  • Guide Price* : £155,000 Plus Fees

FOR SALE BY CONDITIONAL ONLINE AUCTION
On Behalf of Martin Pendered & Co


  • Two Retail Units
  • Split Level Commercial Units with Potential to Convert into Residential Flats (subject to relevant permission)
  • Potential Building Plot at Rear
  • Barn Needing Immediate Rebuilding Works
  • Town Centre Location

Property Description

FOR SALE BY CONDITIONAL ONLINE AUCTION
On Behalf of Martin Pendered & Co

Development Opportunity Retail/Residential/Land

An opportunity has arisen to purchase a group of town centre properties to include two retail units, currently let as newsagent and hairdressers. there is a generous sized split level commercial unit over with potential for conversion into a residential flat (subject to relevant permissions) Two storey stone and brick structure with pantile roof, which is attached at the front, to the shop. There is approximately 600sqft gross internal floor area on each floor, giving a total of 1200sqft. Please note, the barn needs immediate rebuilding works. A plot that has a proposed residential development planning permission reference WP2013/0549/F, which has lapsed. We do have a preliminary structural report for the derelict barn and we also have plans for the proposed residential development, all available to view on request..


Commercial Unit Entrance

Stairs from ground floor to split level first floor landing providing access to large WC, kitchen area and to large open plan area. Further to 2nd floor landing accessing storage cupboard and further WC.


Large Open Plan Area 30'3" x 27'2" max (9.21m x 8.27M)

Previously used as a Karate/dance studio. Two UPVC bay windows to front elevation. Window to rear elevation.


Kitchen Area 7'6" x 6'3" (2.28m x 1.90m)

Work top. Stainless Steel sink. Serving hatch through to open plan area.


Shops

Two units both with a ground floor sales area of approximately 232sqft (21.5sq m). To the rear of this is a kitchen area and WC


Tenure
See Legal Pack

Conditions of Sale

The Conditions of Sale 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.


*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 is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.


Viewing Details

By arrangement with the auctioneer 0345 319 2162 or can be booked online www.sdlauctions.co.uk/online-auctions


Energy Performance Certificates

EPCs can be viewed in full on our website www.sdlauctions.co.uk on the sales details page or in the legal pack.


Conditional Online Auction Procedure

Every online bidder on SDL Auctions must first create an account at www.sdlauctions.co.uk/online-auctions. 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 have 56 days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 56 day reservation period, the seller is not able to accept other offers.

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. This will be specified in the reservation contract.

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

Full terms and conditions are available at www.sdlauctions.co.uk/online-auctions


Joint Agent

Martin Pendered & Co



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Sold for £174,000

This auction lot is now closed.

Auction Ended

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Joint Agent

For viewings please contact:
Martin Pendered & Co
01933228822
info@martinpendered.co.uk

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