A unique opportunity to purchase a historical market place in Cheadle, Staffordshire. For sale by Unconditional Online Auction.

A unique opportunity to purchase a historical market place in Cheadle, Staffordshire. The site consists of a single story building of brick construction, measuring approximately 3,220 sq ft, and hosts indoor trades plus an outdoor square for trading.

According to the Northern Markets website, there can be 30+ stalls at any one time, including the popular Griffs Café. The market can be the beating heart of a community so this is an opportunity for someone to continue the good work of the current owners and help local trades to flourish.

The property is located in Cheadle, a market town located between Uttoxeter, Leek, Ashbourne and Stoke-on-Trent. The property is located in a prominent position on the High Street, the main retailing thoroughfare. Nearby occupiers include Dominos Pizza, JD Wetherspoon and a number of independent shops, cafes and restaurants. The town is well serviced with regular bus routes and the nearest railway station is Blythe Bridge on the Crewe-Derby Line.

The lot is sold subject to two implied periodic tenancies:
1. Saddlery business (58 High Street – within the title) £125 per week plus electricity.
2. Café business at the rear of the Market Hall £120 per week plus electricity.
There doesn’t appear to be any written tenancy agreements or leases although we understand rents are paid weekly


The character and size of the building may also lend itself to alternative use/development subject to the necessary permissions.

Tenure: Freehold

EPC Rating: C

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 and 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 fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of 1.8% of the purchase price (subject to a minimum of £1,800 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.