AUCTION DATE: 15TH AUGUST 2024 AT 2.30PM
The subjects were previously used as a 13 bed hostel situated within a single storey building of blockwork construction with a pitched and tile roof over.
Location
The subjects are located on the south side of Dominies Road which itself is located just a short distance east of North Anderson Drive, one of the cities main arterial routes. The surrounding area is mainly residential in nature albeit a parade of retail units including a TSB, Co-op and the Rosehill Fish Bar can be found nearby on Rosehill Drive.
Accommodation
Ground Floor - 436.51 sq m (4,699 sq ft)
The above-mentioned floor areas are calculated on a Gross Internal Floor Area basis in accordance with the RICS Code of Measuring Practice (6th Edition) from plans.
SITE AREA - Approx. 0.77 acres. The area has been measured using online mapping software.
Terms
CONTAMINATION - One of the former quarry holes associated with Rosehill Quarries extends onto the southern area of the site and further information in relation to this can be found within the legal pack.
We are advised this area sits out with the current building.
LEGAL COSTS - Each party shall be responsible for their own legal costs associated with the transaction with the purchaser being responsible for any LBTT, registration dues etc.
ENERGY PERFORMANCE CERTIFICATE - EPC available within legal pack.
RATEABLE VALUE - The subjects are currently entered into the Valuation Roll at a Rateable Value of £14,000
FOR SALE BY UNCONDITIONAL ONLINE AUCTION - www.shepherd.co.uk/commercial-auctions
Buyers will be required to pre-register prior to approval of their bid.
GUIDE PRICE - £50,000
LEGAL PACK - The legal packs are available to view online.
DEPOSIT - At the end of the auction, if the reserve price has been met, a 10% deposit will be payable. subject to a minimum of £5,000.
RESERVE PRICE - The reserve price is the minimum price for which the property can be sold and is confidential between the auctioneer and the vendor and cannot be disclosed.
If the reserve price isn’t met, the property will remain unsold. You can contact our team and at this point you’ll be able to make an offer which will be referred to the sellers for their consideration
GUIDE PRICE - Properties advertised with a guide price is within 10% above or below the reserve price when a single figure is stated.
If the guide price is a bracket figure, the reserve price cannot exceed the top end of the bracket price.
BUYER FEES - The buyers fee is 3% + VAT subject to a minimum fee of £3,000 + VAT.
VAT - All figures quoted are exclusive of VAT.
Specification
- FORMER HOSTEL
- GROSS INTERNAL AREA – 436.51 SQM (4,699 SQFT)
- SITE AREA – 0.77 ACRES APPROX.
- GUIDE PRICE - £50,000
- SUITABLE FOR ALTERNATIVE USES SUBJECT TO PURCHASER OBTAINING PLANNING CONSENT