Lot 49 Leasehold Commercial InvestmentAuction Date:
26th July 2023
4 Victoria Place, St. Austell, Cornwall, PL25 5PE
Currently let at £9,500 per annum
A ground floor retail unit forming part of this prominent character building situated within St Austell town centre. Nearby retailers include Day Lewis Pharmacy, Your Move Estate Agents and Iceland Supermarket.
Tenancy
Let under the terms of a ten year commercial lease from 31st July 2019 at a current rental of £9,500 per annum. There is a rent review scheduled in 2024.
Tenure
Remainder of a 999-year lease 20th February 2020 at a peppercorn ground rent.
EPC Rating D (76)
Floor Area
The EPC states the total floor area to be 85 sq.m. (915 sq.ft.), whilst the accommodation includes a kitchen and W.C
Auctioneer’s Note
We understand that the current tenant occupies the adjoining unit which is interconnecting and known as 4A Victoria Place.
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
