Lot 83 - TOWN CENTRE COMMERCIAL AND RESIDENTIAL INVESTMENT

Sold £275,000

Currently let at £13,384 per annum (Flat 2 - currently vacant) Estimated rental £20,584 per annum

A large four storey property situated in the busy town centre and opposite the principal public car park and divided to provide a ground floor takeaway with basement together with two self-contained flats above.

Ground Floor

Takeaway, servery to front with kitchen. Basement storage.

Tenancy

Let on a commercial lease for a term of 15 years from 10th July 2009 at a current rental of £7,300 per annum

First Floor

Flat 1

Entrance hall, living room, kitchen, bedroom and bathroom with W.C.

Tenancy

Let to a Protected Statutory Tenant at a registered rent of £117 per week effective from 29th November 2017.

Second Floor

Flat 2

Entrance hall, living room, kitchen, bedroom and bathroom with W.C.

Tenancy

Currently vacant. Previously let on an Assured Shorthold Tenancy Agreement at a rental of £600 per calendar month.

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/