Lot 34 Mixed Use Property With Sea ViewsAuction Date:
11th December 2024
1 Regent Street, Burnham-on-Sea, Somerset, TA8 1AX
Currently let at 9,366 per annum Plus vacant commercial unit and flat
A four storey freehold property situated within the seaside town of Burnham-on-Sea and arranged as a ground floor commercial unit with a flat and maisonette situated on the upper three floors. Located within a stone's throw of the sea front and close to the town centre, the property requires a programme of improvement works while individuals may wish to consider conversion of the ground floor commercial unit, subject to all necessary consents being obtainable.
1 Regent Street
Ground Floor
Principal shop floor, office, staff kitchen, cloakroom with W.C. and various store areas.
Tenancy
Currently vacant. The unit has most recently been used as a hairdressers, having previously been a pharmacy shop.
EPC Rating
C (61) Floor area 105 sq.m.
1A Regent Street
Ground Floor
Stairs leading to communal entrance at first floor level.
First Floor
Entrance hall, living room, kitchen/dining room, cloakroom with W.C., steps leading to inner hallway, two bedrooms and shower room with W.C. Independent access point from The Esplanade.
Tenancy
Currently vacant.
Council Tax Band B
EPC Rating E
1B Regent Street
Maisonette situated over the third and fourth floors with sea views and having a communal entrance at first floor level.
Outside
Area of hardstanding currently used for parking.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement, dated 5th March 2019, at a current rental of £780.50 per calendar month.
Council Tax Band B
EPC Rating C
Local Planning Authority
Somerset Council. Tel: 0300 123 2224. Website: somerset.gov.uk.
Auctioneer's Note
At the time of publication the auctioneers have not inspected the entire property. Interested applicants should make their own enquiries to verify the information provided.
Freehold with Part 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
