Lot 5

FREEHOLD THREE STOREY MIXED USE BUILDING

23-25 High Street and Flats 1 & 2, 7 Coach Lane, Maldon, Essex, CM9 4UH
23-25 High Street and Flats 1 & 2, 7 Coach Lane, Maldon, Essex, CM9 4UH
Sold £334,000

Currently let at £6,840 per annum

Estimated rental £26,000 per annum

We are pleased to offer for sale this established period building situated in the heart of the historic market and coastal town of Maldon, approximately ten miles to the east of Chelmsford on the A414. The property is situated on the north side of the High Street at its junction with Silver Street, close to All Saints Church.

The premises is currently arranged as a retail shop unit on the ground floor with basement. On the upper two floors there are two self-contained residential units accessed by a separate entrance from Coach Lane. The retail unit is currently vacant and the first floor flat is tenanted whilst the second floor flat also has vacant possession.

The building may lend itself to alternative uses, subject to all the necessary consents being obtainable.

23-25 High Street

Currently arranged as a retail unit laid out as a single double-fronted shop unit, kitchen, two W.C.s and basement.

Flat 1, 7 Coach Lane

Living room, kitchen, bedroom and bathroom.

Tenancy

Let on a 12 month Assured Shorthold Tenancy Agreement from 11th December 2018 at a current rental of £570 per month.

Auctioneer's Note

At the time of publication the Auctioneers have been unable to inspect Flat 1. These details have been supplied by the Joint Auctioneer and interested applicants should rely on their own investigations to verify the information provided.

Flat 2, 7 Coach Lane

Living room, kitchen, bedroom and bathroom.

Local Planning Authority

Maldon District Council. Website: maldon.gov.uk. Tel: 01621 854477.

Freehold with Part Vacant Possession

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/