Being Sold by Online Auctions
Starting Bids from: £480,000
Buy it now option available
Please call or visit Online Auctions for more information.
This property is for sale by Modern Method of Auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been issued by the vendors solicitor. Allowing the additional time to exchange and complete 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 with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the Vat, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.
Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by goto Auctions.
To book a viewing visit Online Auctions.
Development opportunity on a key landmark corner position overlooking the Olympic Legacy Park.
An exciting chance has arisen for prospective residential property buyers looking for a high yield development opportunity under permitted development rules. Built in 1932 with original features throughout.
A concrete and steel structure with mainly double glazed windows and gas, water and electricity to the property. A new heating system is required. Original fittings throughout including parquet flooring, oak doors and original locks. Ground floor 2250sq ft, First floor 2550sq ft, Basement 1430sq ft, Total 6500sq ft.
Plans available for residential flats please enquire on viewing. Property briefly comprises ground floor with stunning original art deco street entrance ideal for disabled access. Large open plan area previously separated off with floor to ceiling drapes to create a live lounge used by music promotors. Half of the ground floor was previously occupied by an electronic theatre backdrop supplier and includes built in floor to ceiling shelving and workspace. Kitchen and W/C to the rear with further office and W/C. Loading bay area with roller door shutters to the side of the building. Stairs down to the basement. The basement is fully tanked out with further electric pump. Fire escape via fixed ladders to the first floor. Previously hired out for band practice, dance studio and recording artists. Open plan area with raised platform with rubber floor and sound proofing. Dance hall with mirrored walls and area for reception desk. Door through to a sound proof booth with access to a sound proof studio. Further large storage room. Stairs rise from the ground floor to first floor, a stunning open plan area with two large skylights. From the main area are 4 further rooms which could be used as bedrooms and a door leads to the kitchen, W/C and access to the roof.
The property is Share of Freehold
From a commercial and residential point of view, this is a busy part of the city and in close proximity to Ice Sheffield, The English Institute Of Sport and opposite the utc Olympic LegacyPark. Suitable for multiple uses with a guaranteed high yield under permitted development rules.
This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort.
The Buyer’s Premium 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 a 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 Info Pack which can be downloaded for free from our website or requested from our Auction Department.
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 Buyers Premium of £5,400 including VAT plus an administration charge of £354 including VAT, a total of £5,754. This secures the transaction and takes the property off the market.
The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.
Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.
If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.