8 Merryland, St. Ives PE27 5ED

The subject property comprises a ground floor shop within a mid terrace, two storey Victorian building incorporating basement storage.

The property has a single glazed timber shop front to Merryland. The property provides a sales area of 17.23 Sq M (185 Sq Ft) and basement of 15.13 Sq M (163 Sq Ft) and was previously used as a sandwich bar for many years.

The property is situated within a central block of buildings forming an island site bound by Crown Street, The Broadway and Merryland. The properties form part of the historic centre of St Ives. Crown Street is one of the main thoroughfares forming part of the prime shopping area at the eastern end where it joins The Pavement and Market Hill.

Rateable Value: £5,600

The lease is 125 years from 1 November 1995 at £50.00 per annum.

We understand that the property has consent for uses falling within Class E (Commercial, Business & Services Use) of the Town and Country Planning (Use Classes) Order 1987 (as amended 2020).

Class E now encompasses a number of uses formerly known as A1 (Shops), A2 (Professional & Financial Services), A3 (Restaurant & Cafés), B1 (Business) and D1 (Clinics, Health Centre, Crèche & Day Nurseries).

Interested parties are advised to make their own investigations with the Local Planning Authority.

Services
Mains electricity and water are understood to be available to the premises. Interested parties are however advised to make their own enquiries of the relevant service providers.

Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

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 auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 3.6% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers 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 Price:

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.