Three Storey Retail Premises
43 Northgate Street, Gloucestershire, GL1 2AN
- 0
Key features
Guide Price: *
£94,000
Fees apply
Buyer's fee:£3,960
Admin fee:£1,800
Legal fee:£1,225.20
All fees include VAT at 20%
Holding Deposit: *£1,040
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Opening bid:
£94,000Bid history
0 bids** For sale by online auction (subject to sale prior, reserve and conditions) **
Location
The property is located on Northgate Street in Gloucester city centre. The property is well located, approximately 8.9 miles from Cheltenham, 28.8 miles from Worcester, 30 miles from Hereford and 5 miles from Junction 11A of the M5 motorway.
The property is within a short walking distance to Gloucester train station. St John’s Methodist Church and Gloucester Quays Shopping Outlet are also within a short walking distance.
Neighbouring occupiers include Savers, TK Maxx, Coffee#1 and several other national and independent retailers.
Description
The property is a three-storey building of traditional brick construction under a pitched tiled roof comprising ground floor retail space with meeting room/office to the rear and additional offices/staff room and toilets to the upper floors.
Internally the property benefits from carpet flooring, a mixture of LED lighting and fluorescent strip lights and suspended tiled ceilings.
Externally there is a very small courtyard with external access down the side of the building. Internal access to this is from the rear hallway on the ground floor.
Important Notices
This property is available for sale by online auction. Interested buyers will need to register in advance and complete an ID verification before being able to place a bid. There is no charge for registering. Buyers should allow sufficient time to complete this process before the time period expires. Full details can be found on Fisher German’s online auction page www.fishergerman.co.uk/current-auctions.
Guide Price
£94,000
For sale by online auction (subject to sale prior, reserve and conditions).
Title Number
GR54955.
Finance Your Purchase
If you require advice on how to finance a purchase through Auction, please go to www.cherrystreetfinance.com our trusted partners, or ask our team for further details.
Legal Pack
A legal pack and any special conditions will be available on Fisher German’s online auction page and interested parties will need to register before accessing the legal documents. It is the responsibility of a prospective buyer to make all necessary enquiries prior to the auction.
Condition of Sale
The property will, unless previously withdrawn, be sold subject to common auction conditions and special conditions of each sale may be found in the legal documents section of the Fisher German online auction page. Each buyer shall be deemed to have notice of each condition and all the terms thereof and to bid on those terms whether they shall have inspected the said conditions or not.
Completion
Completion will take place 20 working days after exchange of contracts, unless otherwise varied and specified in the legal pack.
Sellers Solicitors
Tyr Law
Buyers Fees
The purchase of this property is subject to a combined buyer and admin fee of £5,760 including VAT as stated on the auction listing. These fees will be automatically collected at the end of the auction from the registered payment card. The buyer will also be required to reimburse the search fees of £1,021.02.
Deposit
The balance of the 10% deposit shall be transferred by the buyer to their solicitor for onward transmission by 12 noon the following working day to the seller’s lawyer. It is therefore essential that you instruct your solicitor ahead of the auction.
Tenure
Freehold with vacant possession.
Business Rates
Rateable Value £10,750
2024/2025 rates payable 49.9p in the £.
Occupiers will be responsible for paying Business Rates direct to the local authority.
Legal Costs
Each party to bear their own legal costs in respect of this transaction excluding the cost for searches.
Services
We understand that mains services are connected to the building including electric, water and mains drainage.
We confirm we have not tested any of the service installations and any occupiers must satisfy themselves as to the state and condition of such items.
EPC
Energy Performance Rating E.
Fixtures and Fittings
Any fixtures and fittings not expressly mentioned within these particulars are excluded from the sale.
Anti Money Laundering
The successful purchaser will be required to submit information to comply with Anti Money laundering Regulations.
VAT
VAT is not chargeable in respect of this transaction.
The winning buyer must pay £6,800 automatically at the end of the auction of which:
£3,300 + Vat (£3,960) is the buyer fee
£1,500 + Vat (£1,800) is the admin fee
£1,040 is the deposit contribution
Summary
- Auction end
- 3rd Apr at 11:00
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- -
- Bathrooms
- -
- Council tax band
- Ask Agent
Summary
- Auction end
- 3rd Apr at 11:00
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- -
- Bathrooms
- -
- Council tax band
- Ask Agent
This property is being sold by:
Worcester
01905 726220
Global House, Hindlip Lane, Worcester, WR3 8SB
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Fisher German Online Auction shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
Refreshing the Page
To make sure that you are seeing the latest information for the property, we recommend you refresh the page. This ensures you're seeing live information and not stored (cached) data. If the page disconnects from the Internet, refreshing the page will show the latest information.
Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Fisher German Online Auction. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.