Lot 121: COMMERCIAL INVESTMENT PROPERTY

Sold £57,000

An investment opportunity to acquire a long leasehold ground floor retail unit forming part of this large detached mixed residential property, located in a favoured residential area.

Accommodation

Retail areas, kitchen and staff W.C.s.

Tenancy

Let on a five year lease from February 2012 at a current rental of £5,740 per annum. We understand talks are in progress for a new lease agreement at an increased rent of £6,500 per annum.

Tenure

To be sold by way of the terms of a lease expiring on 15th August 2115. Please refer to the legal pack.

Auctioneer’s Note 1

At the time of publication the Auctioneers have been unable to internally inspect the property. These details have been provided by the Seller and interested applicants should rely on their own investigations to verify the information provided.

Auctioneer’s Note 2

For information relating to the rateable value and other available data go to www.tax.service.gov.uk/view-my-valuation/search and enter the postcode for the property into the appropriate search field.

Commercial EPC: F