Bury & Hilton
Chartered Surveyors Est. 1963

Our Offices phoneicon

Leek 01538 383344

Buxton 01298 27524

Commercial Properties

Derby Street, Leek, Staffordshire

£150,000

Property Description

• Other
FOR SALE BY PUBLIC AUCTION AT LEEK CRICKET CLUB, MACCLESFIELD ROAD, LEEK ON TUESDAY 13TH AUGUST 2019 COMMENCING AT 7PM

INVESTMENT OPPORTUNITY - This property is centrally located on the main trading street in this attractive and vibrant market town. The ground floor premises are let producing a useful income and the upper floors offer an excellent re-development opportunity to produce additional income.

The ground floor is let on a five year lease at a rent of £10,000 per annum with a three year rent review.
General Information

This property is centrally located on the main trading street in this attractive and vibrant market town. The ground floor premises are let producing a useful income and the upper floors offer an excellent re-development opportunity to produce additional income.

The ground floor is let on a five year lease at a rent of £10,000 per annum with a three year rent review.

Viewing

Strictly by prior appointment through the Agents.

Tenure

We understand the tenure is freehold.

Conditions of Sale

The conditions of sale will be deposited at the offices of the Auctioneers and Vendors solicitors seven days prior to the sale. They will also be available for inspection in the sale room on the day of the sale, but will not be read at the sale.

Definition of Price Guide

An indication of the sellers current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provision reserve range is agreed between the seller and auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Definition of Reserve Price

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Buyer's Premium

The buyer will pay a premium of £395 plus VAT. Cheques in respect of this premium should be made payable to "Bagshaws LLP".

Bury & Hilton Limited for themselves and for the vendor or lessor of this property whose agent they are, give notice that:
1. These particulars do not constitute any part of, an offer of a contract;
2. All statements contained in these particulars as to this property are made without
responsibility on the part of Bury & Hilton Limited or the vendor or lessor;
3. None of the statements contained in these particulars as to this property are to be relied
on as statements or representations of fact;
4. Any intending purchaser must satisfy himself by inspection or otherwise as to the
correctness of each of the statements contained in these particulars;
5. The vendor or lessor does not make or give neither Bury & Hilton Limited nor any person in their employment has any authority to make or give, any representation's or warranty whatsoever in relation to this property.
6. Bury & Hilton Ltd operates a Complaints Handling Procedure, a copy of which is available from out Head Office, 6 Market Street, Leek, Staffordshire. ST13 6HZ.

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Bury & Hilton

6 Market Street

Leek

Staffordshire

ST13 6HZ

Email: info@buryandhilton.co.uk

Bury & Hilton is a trading name of Bagshaws LLP. Bagshaws LLP is a limited liability partnership registered in England and Wales. Registered number – OC335773

Registered office 6 Market Street, Leek, Staffordshire ST13 6HZ

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