News Tree 98 Lowerhouse Lane, BURNLEY, Lancashire, BB12 6JA

  • Conditional Online Auction Sale

GOTO AUCTIONS OFFER FOR SALE THIS COMMERCIAL PROPERTY WITH 2 BEDROOM ACCOMMODATION

Tenure

FREEHOLD

Description

Newsagents & House for Sale located in the popular Lowerhouse area of Burnley with an estimated turnover of £140,000 in 2019/2020. The premises is positioned close to several large housing estates and rows of terrace properties, three schools, superb local park, train station, bus stop and only a short drive to Burnley centre and M65 motorway network meaning this is an ideal spot for this thriving business.

Shop Front - Large picture window and entrance door, spacious shop area with shelving units and counter area. 3.9m x 3.6m

Rear Lounge - Beautiful spacious lounge area with uPVC double glazed windows to the side and rear, coved ceiling, television point and living flame gas fire with marble back, hearth and decorative surround. 4.3m x 3.6m

Kitchen - Long galley kitchen fitted with a range of matching wall and base units with complementary work surfaces, sink with mixer tap, integral oven, hob and extraction hood, tiled to complement, tile effect flooring, radiator, uPVC double glazed window and door to the side. 4.7m x 1.6m

First Floor - Landing with uPVC double glazed window to the side, loft access providing useful storage with pull-down ladder.

Bedroom One - uPVC double glazed window to the front, radiator and fitted storage area. 4.3m x 3.2m

Bedroom Two - uPVC double glazed window to the rear, radiator. 3.7m x 2.0m

Bathroom - Stunning four piece suite in white comprising toilet, vanity sink, jacuzzi style spa bath and shower cubicle, tiled to complement, heated towel radiator and uPVC double glazed window. 2.7m x 1.9m

Outside - Paved steps to the shop entrance. Enclosed paved yard to the rear.

Additional Information - A business car/vehicle is also included in the sale.
(09 Plate Ford Focus)

EPC band: F

EPC Rating

EPC RATING 80

Opening Bid and Reserve Price

This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.

Comments

This property is offered for sale via 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 exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.

By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. 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 give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.

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 Buyer's Premium of £6,600 including VAT, plus a buyer's administration charge of £354 including VAT, a total of £6,954. This secures the transaction and takes the property off the market. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.

The Buyer's Premium and buyer's administration charge are in addition to the final negotiated selling price.

Buyer's Administration Charge

If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay £354.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

  • You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

Energy Performance Certificate (EPCs)

An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.

Minimum Opening Bid

£100,000

Set Bid Amount Below

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Office Contact

YOPA Online Auctions
01844 355022

Agreement Documents

Legal Documents

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Additional Documents

Online Auction Buying Guide

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