Lot 1 - FREEHOLD HIGH STREET COMMERCIAL PREMISES WITH UPPER PARTS

Sold £357,000

Currently let at £33,600 per annum

Situated at the heart of the historic market town of Maldon is this established commercial premises with upper parts located in the High Street close to the Moot Hall with other businesses close by, including Santander, Boots, Superdrug, Halifax, M & Co and M&S Foodhall.

Currently a shop premises with store rooms above and parking to the rear accessed via Bull Lane off Market Hill. The property may offer development potential for alternative uses, subject to all the necessary consents being obtainable.

Ground Floor

Main shop front/sales area, fitting rooms, office, rear lobby, kitchen and cloakroom/W.C.

First Floor

Landing, two stock rooms and access to attic space via a vertical metal ladder.

Basement Level

Accessed via main shop area with stairs down to central area with three rooms off.

Outside

Outbuilding to rear and car park accessed via Bull Lane.

Tenancy

Let under the terms of a five year lease, commencing 15th September 2016, at a current rental of £33,600 per annum. We have, however, been advised that the tenant has exercised their break option and will terminate their lease on 15th September 2019.

Local Planning Authority

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

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/