Mixed Use in Stewarton

The Granary Bar, 8 Rigg Street, Stewarton, KA3 5AG
  • Property Type: Mixed Use
  • Contract Type: Unconditional Sale
Shepherd Commercial Auctions

Guide Price* £123,000+ plus fees

Property Description

Two storey and attic property with single storey projections to the rear formed in a combination of stone and brick with both pitched and flat roofs and including public house at ground floor level including an enclosed beer garden with residential accommodation on the upper floors of the building. The public house is currently trading although offered for sale with Vacant Possession whilst the upper floor flat is currently used as storage associated with the pub although could provide owner/manager’s accommodation if required.

Public House:

Bar area, restaurant, kitchen, customer toilets, cellarage


Flat:

The flat requires a degree of upgrading with the staircase requiring partial reinstatement.


First Floor:

Upper hallway, lounge, dining kitchen, store room, bathroom


Attic:

Two rooms


Location:

The subjects are located on Rigg Street close to its junction with Lainshaw Street/Main Street in an established area of commercial use in the centre of Stewarton and opposite the local Sainsbury’s supermarket. Stewarton is located in the East Ayrshire Council area around 10 miles north of Kilmarnock and with a resident population of around 6,600


Note:

The buyers fee is 1.8% including VAT subject to a minimum of £1,200 including VAT


Rights of Way, Wayleaves, Easements, Restrictive Covenants Etc.

The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.


Tenure

See Legal Pack


Auction Method: This auction is for property located in Scotland; therefore, any sale will be governed by applicable Scottish law. The auction for this property will be conducted online through our online-bidding platform. This is a “Timed Auction”, so there are no other lots being sold alongside this property. The timeslot for the auction is displayed on this page, showing the time remaining to bid and end date of the auction. You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed. When you place your bid, you are deemed to have agreed to our Shepherd Buyer Terms (Scotland). Auction type - Unconditional Sale If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions of Sale contained within the legal pack state otherwise. Auction Fees The following non-refundable fees apply:
  • Buyer’s Fee- payable on exchange of contracts. This is listed within the property details.
The Buyer’s Fee does not contribute towards the purchase price of 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 Special Conditions carefully before bidding. Any additional fees are included at the seller’s discretion and will be in addition to any standard fees payable to us. We have limited control over the content of the Special Conditions of Sale. Deposit On exchange of contracts, you must pay a non-refundable deposit equal to 10% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price. Payment Method: When you register to bid, you will be prompted to provide your payment details to us. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Buyer’s Fee & Deposit. The payment will be calculated based on the guide price of the property as explained below. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted. Example: You win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows:
  • Example Buyer’s Fee of £1000- the fee amount listed against the lot
  • Deposit of £15,000- 10% of the guide price
As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment:
  • Buyer’s Fee is as listed, so no additional monies due
  • £2,000 for deposit shortfall (£17,000 due as 10% of actual purchase price)
Legal Pack Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate. The Legal Pack can be viewed on this page under the sub-heading “Legal Documents”. Underneath this, you will be prompted to “log in to view the legal documents”. Follow this link, and you will then be directed to create an account with Auction Passport to view the documents. The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale. It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding. Articles of Roup The Articles of Roup are the general terms of sale for properties sold at auction in Scotland that will govern this transaction. They are available to view here. The Auction Conditions listed on our website do not apply to properties sold under any of our Scottish sale methods. Special Conditions of Sale The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of the standard Shepherd Buyers Terms (Scotland). The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack. Registration Process: To register to bid on the property, please follow the link to “Log in/Register to Bid”. You will then be directed to create an account with the online-bidding platform provider, EIG. Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price, also known as a 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.