This freehold town centre building enjoys a prime location in the heart of the Island's County Town, having most recently traded as a café and previously, for many years, as a fashion boutique.
The upper parts are arranged as two flats which are both let on Assured Shorthold Tenancy Agreements. The property is considered ideal for addition to an income-producing portfolio.
Retail Unit (Vacant)
Main shop area with former kitchen and cloakroom with W.C.
Flat B (Studio)
Living/ bedroom/ kitchen and bathroom with W.C.
Let on an Assured Shorthold Tenancy Agreement from 9th March 2017 at a current rental of £350 per calendar month.
Living room, kitchen/dining room and bathroom with W.C.
Let on an Assured Shorthold Tenancy Agreement from 3rd January 2014 at a current rental of £530 per calendar month.
At the time of publication, Flat B (studio flat) had not been inspected by the Auctioneers and the accommodation details have been provided by the Seller.
Auctioneer’s Note 2
The tenant in Flat A served Notice to Vacate just prior to publication of the catalogue and is due to vacate on 3rd May 2017. Prospective buyers are advised to seek clarification that the tenant has vacated prior to bidding.
The map and satellite images are based on postcode information and are available for for directions only. The may not necessarily show the exact lot being offered, but will be in close proximity. Please refer to the sale plan in the legal documentation for precise details of the lot to be sold.