Lot 31 Freehold InvestmentAuction Date:
28th July 2022
8-12 High Street, Street, Somerset, BA16 0EB
Currently let at £17,796 per annum
Situated in Street, a popular village on the outskirts of Glastonbury, and close to Clarks Village, the shopping outlet, is this freehold investment terraced property comprising five flats and a news agents, with two flats and the news agents having been sold off on long leases.
The three retained flats are being offered with Assured Shorthold Tenancies with a joint income of £17,796 per annum and is likely to be of interest to investment buyers or builder developers who are looking towards a conversion project, subject to all planning consents being obtainable.
Accommodation
Via security gate from the front of the property.
Flat 8B
Ground Floor
Access from garden, living room, bedroom. storage room (original stairs to first floor), kitchen, inner hallway, two store cupboards, bathroom and W.C.
Tenancy
Let on an Assured Shorthold Tenancy with a current rental income of £560 per calendar month.
Council Tax Band A
Flat 8C - First floor
Access from veranda via patio door into kitchen/dining room, bedroom, living room and storage room (original stairs to ground floor).
Tenancy
Let on an Assured Shorthold Tenancy with a current rental income of £600 per calendar month.
Council Tax Band A
Flat 10B
Accessed via metal stairs into entrance with door to eave storage. Steps into open-plan living room/kitchen, bathroom and bedroom area.
Tenancy
Let on an Assured Shorthold Tenancy with a current rental income of £323 per calendar month.
Council Tax Band A
Outside
Communal gardens, outside store and patio.
Viewing
Strictly by prior confirmed appointment with Tor Estates. Interested parties are advised not to contact the tenants direct.
There is an addendum available to be read
in conjunction with the legal documentation.
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 Buyers Fees
