Lot 30 Mixed Use Investment In Town CentreAuction Date:
18th September 2024
60 Fore Street, Redruth, Cornwall, TR15 2AF
Currently let at £12,000 per annum
A terraced mixed-use freehold property situated within the heart of Redruth town centre and arranged as two ground floor commercial units with a well proportioned three-bedroom flat at first floor level. The property is considered suitable for continued use as a letting investment and requires some improvement works.
Ground Floor Commercial Unit - Flower Power
Sales area with counter and rear staff room with W.C.
Outside
Small courtyard area to rear.
Tenancy
Holding over under the terms of a five-year commercial lease from 25th December 2010 at a current rental of £100 per calendar month. The unit is currently trading as a florist.
Ground Floor Commercial Unit
Berrymans
Sales area with counter and rear staff room with W.C.
Tenancy
Holding over under the terms of a five-year commercial lease from 1st January 2011 at a current rental of £400 per calendar month. The unit is currently trading as a bakery.
Auctioneer's Note
At the time of publication the auctioneers have not inspected this unit. Interested applicants should make their own enquires to verify the details provided.
Flat
Ground Floor
Private entrance to front leading to lobby area.
First Floor
Open landing, kitchen, living room, three bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £500 per calendar month.
Council Tax Band A
Viewing
External only. A selection of internal photos will be available to view via the Clive Emson website.
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
