Lot 79 Freehold Shop And Flat With Upper PartsAuction Date:
12th June 2024
5 High Street, Crawley, West Sussex, RH10 1BH
Currently let at £14,400 per annum
Estimated rental £38,000 per annum
A mid-terrace three storey property arranged as a ground floor retail unit, with three flats on the upper floors sold on long leases, and a ground floor rear one-bedroom flat which is let.
The ground floor unit is at present trading as Andrew Hunt Estate Agents and has been established in this location since 1984 but will be vacating on completion.
The property is situated in this busy commercial thoroughfare on the High Street, which is represented by local and national traders, including Asda supermarket. Crawley is situated just off the A23, being within easy reach of London and Gatwick via the nearby M23 and Horsham and Brighton to the south, with excellent road links to all surrounding areas.
Ground Floor
Commercial Unit
Front retail unit, rear office 1, storage area, rear office 2, inner hallway, kitchen (with fire access to flat) and separate W.C. The gas heating system via radiators is shared with Flat 4.
Residential
Flat 4
Rear access from Station Way. Living room, kitchen, bedroom with en-suite shower and separate W.C. The gas heating system via radiators is shared with the commercial unit.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £1,200 per calendar month, to include gas and electricity.
Council Tax Band A
First & Second Floors
Three one-bedroom flats each sold on a long lease at peppercorn ground rents.
Freehold with Vacant Possession
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
