Bidding opens Monday 17th August 2026 at 13.00 and closes Tuesday 18th August 2026 at 11.00am.
Description
Freehold Investment
Offered for sale is this freehold investment comprising of a double width unit which is current let to Tenovus on a 5-year term from the 2nd July 2026, at an annual rent of £10,000 per annum. We are advised by the client that the upper floors comprise of 5 x residential flats and are let on a 999-year lease at £200 pa which doubles every 25 years (please refer to the legal pack for confirmation).
The property is located on the main trading commercial street within the town, with local and national; occupiers positioned within the neighbouring retail outlets. In our opinion, the property provides an ideal investment opportunity.
Ground Floor Approximately 123.1 SQM (obtained from VOA). Main commercial shop, rear storage and office rooms x 4.
IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
Tenure: Freehold
EPC Rating: 112 - E
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.
Buyers Premium
£900 inc VAT payable on exchange of contracts.
Administration Charge
1.5% inc VAT of the purchase price, subject to a minimum of £2100 inc VAT, payable on exchange of contracts.
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- 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.
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