This commercial property is to be offered for sale by PROPERTY SOLVERS ONLINE CONDITIONAL AUCTION (56-DAY EXCHANGE/COMPLETION).
Bidding opens on 29th February at 12:00pm and closes on 6th March at 12:00pm with a GUIDE PRICE of £600,000
Property Solvers Auctions is excited to market this 3-storied commercial property with use potential, located in Caterham. An exceptional building with potential to maintain existing use or convert and/or redevelop.
The ground floor - spread over 1,419 sq ft - boasts 2 separate dining areas (430.10 and 246.84 sq ft respectively) with seating for 120 guests, a bar area, communal + individual WCs, a wide hallway and professionally designed kitchen (245.52 sq ft) including a dummy waiter (lift) connected to the second floor. The building has 3 air-conditioning units installed to keep the entire restaurant well cooled.
The first floor - spread over 418 sq ft - has another spacious dining / sitting area (627.9o sq ft) alongside a bar (91.08 sq ft) and a small bedroom (85.12 sq ft), previously used to accommodate staff.
On the top floor, there is a 2 bedroom flat (318 sq ft) with a bathroom (42.92 sq ft).
The property is situated in the bustling town centre and comprehensive amenities of Caterham including a wide range of shops and supermarkets (Waitrose and Morrisons amongst others) as well as public houses, restaurants and coffee shops.
The local area is surrounded by miles of open countryside including the Surrey Hills, an Area of Outstanding Natural Beauty and the North Downs Way.
Our enquiry line is open 24/7 and we're happy to answer any questions.
56-day conditional auction terms + conditions, AML requirements and fees are available on our website [Google: Property Solvers > Property Auctions (in navigation) > Auction Property for Sale (drop-down)].
The preliminary legal pack can be viewed directly via the auction listing itself. Property Solvers will update the legal pack and inform all parties that express interest in bidding.
For conveyancing searches that are not received in time for the auction, a Professional Indemnity Insurance policy can be taken out.
Viewings are available 7 days a week (including evenings where required).
Please be aware that if your bid is successful on auction day, the Reservation and Processing Fees of £2,550.00 will be taken immediately (if 2% of price is due, additional funds will be taken over the phone). Exchange of contracts must happen after 28 days with the 10% deposit paid. Completion must subsequently happen within the following 28 days.
As part of the Property Solvers Online Auction process, bidders will be required to register online and provide proof of ID documents (passport and photo driving license). For a full list of requirements please see the legal pack documents.
A 2% + VAT (non-refundable) reservation fee and £125 + VAT processing fee will be due from the winning bidder.
Generally speaking "Guide Prices" are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Virtually every property will be offered subject to a "Reserve Price" (a figure below which the Property Solvers Auctions cannot sell the property during the auction. We expect the Reserve Price will be set within the guide range or no more than 10% above a single figure Guide Price.