Specifications

  • Commercial Unit
  • Town centre location
  • Development opportunity
  • EPC grade E
  • Auction
  • Investment opportunity
  • Subject to an undisclosed Reserve Price
  • Reservation Fee applicable

Description

DEVELOPMENT OPPORTUNITY IN ROTHERHAM TOWN CENTER The property comprises of a three storey traditional stone fronted building, with a large retail area to the ground floor, previously a cafe and further kitchen area to the rear. The property benefits from additional rear/side access and has two large retail windows to the ground and first floor.

The first and second floor could easily be developed into apartments or further business space, the property is in need of refurbishment throughout, but located in Rotherham town center close to high street retailers, the college and university campus.

Ground floor

Enter the building through the former cafe area, which comprises of a customer toilet, large open space and further kitchen area to the rear, with side access door and further access to the cellar, With two front facing large glazed units and a glazed door.

A door leads to the staircase to the first floor

First Floor

This floor comprises a landing with storage cupboard, two large front facing floor to ceiling glazed units, feature fire place, and two large rooms which where previously used as an office space, to the rear is a further kitchen area and side facing glazed unit.

Second Floor

The second floor again consists of two large front facing units with period feature wooden framed windows, Fire place and coving to the ceiling. To the rear is a further room which gives access to the loft, and also consists of a side facing glazed unit.

Externally

There is a small external area which is accessed from the pavement or via the kitchen area on the ground floor, this also comprises of a brick built storage area.

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Reservation Fee of 4.2% to a minimum of £6,000 including VAT 4.2% of the final agreed sale price including VAT. This is subject to a minimum payment of £6,000 including VAT. which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by the Yorkshire Property Auction powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price.

Ref: 3152s




SSTC: £80,000







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