Lot 76: FREEHOLD PROPERTY FOR INVESTMENT

Sold £190,000

A substantial four storey mixed use premises situated within an attractive parade of buildings and close to the sea front. The property comprises a ground floor commercial unit which has traded successfully for many years as a hairdressers and beauty salon, with a well proportioned maisonette occupying the upper floors.

18 Grange Road

Ground Floor

Separate entrance to front, beauty/hairdressing salon, kitchenette, treatment room and cloakroom with W.C. Basement (not inspected).

Tenancy

Subject to a three year lease from March 2016 at a current rental of £700 per calendar month. The current occupants have expressed a desire to the current seller to stay beyond their current lease.

18A Grange Road

Flat

Separate entrance to rear.

First Floor

Landing, bedroom, bathroom and separate cloakroom with W.C.

Second Floor

Landing, living room and kitchen.

Third Floor

Bedroom and adjoining room.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £695 per calendar month.

Outside

Shared courtyard to rear.

Viewing

Strictly by prior confirmed appointment with the Auctioneer’s Office. Interested applicants are required not to contact the tenant directly.

Residential EPC: E
Commercial EPC: D