1 bedroom Mixed Use in Penrith

6 Angel Lane, Penrith CA11 7BP
  • Lot No: 38
  • Property Type: Mixed Use
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £120,000+ plus fees

Result Sold After Auction

Property Description

This mixed use property offers ground floor retail space with a one bedroom flat above. The property is located on Angel lane in the heart of Penrith, ideally located between Angel Square and New Squares shopping district. The property is surrounded by a variety of independent businesses including café’s, restaurants and local shops with a number of parking facilities nearby including Great Dockray car park. Penrith is a popular and affluent market town, benefitting from a strong annual tourism market. The town offers excellent transport links with bus and train services nearby plus easy access to the motorway network. The Auctioneers have not inspected the property but believe it to comprise:

Ground Floor Retail Unit:

Shop floor area, staff / storage space.


First Floor Flat:

Bedroom, lounge, kitchen, shower room. We have been informed the flat is currently let at £400pcm.


Note:

The sale is with vacant possession of the Ground Floor Retail Unit and sold subject to the existing Tenancy of the First Floor Flat. The Seller has no further details in relation to the Tenancy of the First Floor Flat.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 26th August 2021

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

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Map

6 Angel Lane, Penrith CA11 7BP