FOR SALE VIA NATIONAL ONLINE AUCTION. REGISTER TO BID!
Description
Bidding opens Monday 19th June 2023 at 1pm and closes Tuesday 20th June 2023 at 1pm.
Prominent Part Let Commercial Investment Opportunity with Development Potential
Offered for sale is this very prominent positioned town centre investment opportunity. The building is located alongside other commercial occupiers and close to the retail centre and St Peter’s Street Car Park.
The property is currently split in to 2 x office suites with the ground floor currently vacant and measuring circa 1,654 sqft/154sqm. We are advised that the unit was let previously to PDL LTD (architects) at £6,500 per annum. We are also advised that the two upper floors are currently let to Hugh Jenkins (Accountants) at £7,500 per annum and measures circa 1502sqft/140sqm. We understand that the tenants have been in occupation for over 10 years. To the rear of the property is generous external break out space having pedestrian side access.
The first floor commercial unit benefits from a kitchen and shower room and therefore would lend itself for conversion to residential use subject to all necessary consents along with the ground floor accommodation.
Tenancies Currently let at £7,500 per annum with scope to increase the income substantially by way of letting the ground floor office suite. Please refer to the legal pack for further information.
Viewings Viewings via our partner agents Guy Thomas Estate Agents & Chartered Surveyors on 01646 682342.
Tenure: Freehold
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Loading the bidding panel...
- Unconditional (Immediate Exchange)
Call the team on 02920 475 184 for more information
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.