Lot 89 - FREEHOLD INVESTMENT - Clive Emson Auctioneers

Sold £123,000

Offered on behalf of the Receivers

Situated in the commercial centre of Ferndown, this three storey freehold building comprises a flat on the upper two floors which has been sold under the terms of a long lease, while on the ground floor there are two vacant lock-up shop units which share a small communal area to the rear. The shops are considered ideal for letting for the income-producing potential.

Accommodation

Each shop comprises:-
Main trading/retail unit. Both shops units have a lockable connecting door to a communal rear (basic) kitchen/store area and a cloakroom with W.C.

Upper Floors

Flat

Tenure

Sold under the terms of a 125-year lease, from 29th September 2000.

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/