Commercial property for sale in HR6, Herefordshire, County Of

£325,000
Commercial property for sale
Interested in this property? Call +44 1772 913303 * or Request Details

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Property features

  • **to be sold by modern method of auction** Starting bids at £325,000 - T & c’s Apply
  • Subject to Reserve Price - Buyers fees apply
  • Well known traditional fish & chip takeaway
  • Commercial unit being sold with 3 Flats with a current rental income of £30,080 per annum
  • Busy main road position, densely populated area surrounding, close to the town centre

Property description

To be sold by modern method of auction Starting bids at £325,000. This is a rare opportunity to acquire a well-known traditional fish and chip takeaway & 3 bed self contained flats situated in this popular town within Herefordshire. Occupying a prominent trading position on a busy main road at the heart of a densely populated residential and commercial area close to the town centre. The property has been under current ownership since 2018 and has established a well known and loyal reputation with its customers.

Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, I Am Sold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with I Am Sold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by I Am Sold..

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you. Ref: 48991
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For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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