Property details

36 LAUGHTON ROAD, DINNINGTON

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Description

Commercial

For sale by Modern Method of Auction; Starting Bid Price £70,000 plus Reservation Fee. The premises comprise of a ground floor shop formerly trading as a Post Office/Mini Market with second floor storage/office/kitchen and w.c. facilities. .
The ground floor benefits from remote control shutters and air conditioning. This subject property was previously attracting a rental figure of approximately £12,000 per annum.
The property is for sale by The South Yorkshire Property Auction powered by iam-sold Ltd.

The subject property is situated on Laughton Road, which forms the main retail location in Dinnington and is approx. 4 miles from Junction 31 of the M1 Motorway. Adjacent occupiers include Post Office, Heron Foods, a Salvation Army Charity shop and several other national and regional retailers together with the indoor market.

For sale by Modern Method of Auction; Starting Bid Price £70,000 plus Reservation Fee.

Auctioneer’s comments – 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, but grant 28 days to achieve exchange of contracts from the date the buyer’s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. 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 put down a non-refundable Reservation Fee of 3.5% plus VAT subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal 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 South Yorkshire Property Auction powered by iam-sold Ltd.

Whilst we have not had sight of the rating assessment, we understand from our verbal enquiries that the property has a Rateable Value of £19,500. It is understood that the rates payable for the current financial year 2018/2019 are £9,613.50.

2812.13 SQ FT (261.26 SQ M)

Prominent Retail Position
Electric Shutters Fitted
2812.13 Sq ft (261.26 sq m)
EPC Rating 'D'

Ground Floor

Sales Area

1810.26 sq ft (168.24 sq m)

Ancillary Area

112.98 sq ft (10.50 sq m)

First Floor

Storage Room

672.72 sq ft (62.43 sq m)

Office

63.38 sq ft (5.89 sq m)

Kitchen

61.76 sq ft (5.74 sq m)

WC's

91.03 sq ft (8.46 sq m)

Map

£70,000 Starting Bid

or call our Rotherham - Sales branch 01709 375591

Stamp duty calculator

Stamp duty amount you will pay £0.00

Based on a property value of £70,000

Note that this value is an estimate based on the listed purchase price and assuming a typical residential purchase. The final stamp duty may be different.

Energy Performance