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  • For Sale By Unconditional Online Auction
  • Guide Price* : £110,000
  • Auction Ended 20/05/2020

Churchgate High Street, Thorpe le Soken, Essex, CO16 0DY

A desirable mixed use Freehold investment with enhanced income potential

Description


This Grade II Listed premises comprises two tenanted retail units, four flats sold on long leases and a car park with 13 spaces.

Thorpe-le-Soken is an attractive Essex village some 5 miles equidistant from Clacton and Frinton-on-Sea and offers a range of amenities along with a railway station linking with London Liverpool Street.

The two retail units are trading as a Barbers and Hairdressing and Tanning Salon and both let on 6 year leases from 2017 at rents of £350 pcm (£4,200 pa) and £400 pcm (£4,800 pa) respectively. The barbers has the use of two parking spaces and the Salon one.

The four flats have all been sold on 99 year leases from 1987 each paying a Ground Rent of £50 pa. They too each have the use of one parking space. With the leases having around 66 years remaining there is also a reversionary interest to this Lot.

The adjoining cottages also each have the use of one parking space which leaves four unallocated and could be let to owners of nearby homes or businesses.

Additional Fees
Buyer's Premium: 1.2% (inc VAT) of the purchase price

Disbursements:
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion

Administration Charge

Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.

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Sold for £122,000

This auction lot is now closed.

Auction Ended

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* Guide | £110,000
  • Mixed Use
  • Unconditional (Immediate Exchange)

Call the team on 01603 505 100 for more information

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Price Information

*Guides 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. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information

*Please be aware there may be additional fees payable on top of the final sale price. This include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.

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