Lot 93 - PERIOD FREEHOLD RESIDENTIAL AND COMMERCIAL INVESTMENT IN HEART OF CITY

Sold £197,000

Currently let at £13,620 per annum

Situated within a small parade in Northgate, on the north-east side of the city, which offers a comprehensive array of shopping, restaurants, cathedral and other tourist attractions, this shop with maisonette above also lies close to Northgate car park (pay and display) and Sainsburys.

The mid-terrace Grade II Listed property comprises a ground floor double fronted shop let to a barbers plus a maisonette with its own separate access which is let under the terms of an Assured Shorthold Tenancy Agreement.

Commercial

35 Northgate Road

Ground Floor

Front retail area with double fronted window, rear room with double doors to rear.

Outside

Yard, outbuilding with utility room/W.C., shed with garden behind.

Tenancy

Let under the terms of an occupational lease for a term of 6 years from 3rd December 2014 (now holding over) at a current rental of £500 per calendar month (equivalent to £6,000 per annum).

Residential

35A Northgate Road

Ground Floor

Own entrance, leading to entrance hall and door to cellar (not inspected), rear hallway and shower room/W.C.

First Floor

Landing with stairs to loft room, kitchen, living room and bedroom.

Second Floor

Loft room (sloping ceilings)

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £635 per month (equivalent to £7,620 per annum).

Auctioneer's Note

The tenant of the flat has been in occupation since 2006.

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/