To be sold via unconditional ONLINE Auction on Thursday 10th December 2020
BIDDING OPENS: 12:00 on Tuesday 8th December 2020
AUCTION ENDS: 12:00 on Thursday 10th December 2020
GUIDE PRICE: £280,000
Town centre investment opportunity. Mixed use building comprising a tenanted retail unit with a 2 storey vacant flat above that requires modernisation and improvement. Current rental income from the retail unit £10,000 p.a. Centrally located, surrounded by retail units, bars and restaurants.
Cellar: 18 ft 3 in max x 13 ft 3 in max
Lounge: 12 ft 1 in max x 11 ft 9 in max
Kitchen: 10 ft 10 in max x 10 ft 7 in
Room 1: 17 ft 4 in max x 12 ft 2 in max
Room 2: 14 ft 11 in max x 8 ft 6 in max
Currently being used as a sandwich bar/ deli and caterers.
Approximately 355 square foot
Commercial: EPC Rating: E
Residential: EPC Rating: G
Freehold subject to lease on retail unit and vacant possession on flat.
Term: 10 years from 2019
(Rent review not exercised in October 2020)
Rent payable: £10,000 p.a.
Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.
This auction is now closed.
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