Lot 37 - FREEHOLD COMMERCIAL AND RESIDENTIAL INVESTMENT

Sold £287,000

Currently let at £16,000 per annum

A three storey building divided to provide a ground floor commercial unit, for many years trading as a fish and chip shop together with a self-contained two storey maisonette above.

The property is situated in a busy local shopping parade surrounding the local residential areas.

Auctioneer's Note

It is understood the maisonette on the first and second floor has been sublet for many years preceding the existing commercial lease to Statutory Protected Tenants.

Fish & Chip Shop

Ground Floor

Customer area to front with serving counter, kitchen and W.C.

Outside

Rear preparation room and garden.

Maisonette

Separate rear access to

First and Second Floors

Living room, kitchen, two bedrooms and bathroom with W.C.

Tenancy

The entire building is let on a commercial lease for a term of 20 years from 24th June 2003 at a current rental of £16,000 per annum, last reviewed on 7th October 2019.

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/