Lot 32 - FREEHOLD RESIDENTIAL AND COMMERCIAL INVESTMENT

Sold Prior

Currently let at £25,980 per annum

A mixed commercial and residential investment situated in the town centre with its variety of local and national retailers, railway station and further amenities, as well as within close proximity to the seafront. The property is arranged as a ground floor retail unit with three self-contained flats occupying the further four storeys above.

Commercial

Ground Floor

Retail space, workshop and W.C.

Lower Ground Floor

Cellar with two store areas.

Tenancy

Let on a License at a current rental of £520 per calendar month.

First Floor

Flat 1

Bedroom, living room, kitchen and bathroom/W.C.

Council Tax Band A

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £495 per calendar month.

Second Floor

Flat 2

Bedroom, open plan kitchen/living room and bathroom/W.C.

Council Tax Band A

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £500 per calendar month.

Third Floor

Flat 3

Hallway, living room, kitchen and bathroom with W.C.

Fourth Floor

Landing and two bedrooms.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £650 per calendar month.

Council Tax Band A

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/