No longer on the market
This property is no longer on the market
MapMixed use
Features and description
- National ONLINE Auction
- 3 bedroom flat
- Mixed use tenanted investment opportunity
- £28,080 p.a.
- Ground floor retail unit
- Circa 9% yield
Video tours
*ONLINE AUCTION*
To be sold via unconditional ONLINE Auction on Tuesday 25th April 2023
(Visit auctionhouse.co.uk/online).
BIDDING OPENS: 13:00 on Monday 24th April 2023
AUCTION ENDS: 13:00 on Tuesday 25th April 2023
GUIDE PRICE: £310,000
Unique opportunity. Mixed use residential and commercial investment, with a current income of £28,080 p.a. Positioned on the outskirts of the town centre within a popular residential and retail area. Ideal investment opportunity, comprising a 3 bedroom (all with en-suites) flat above a convenience retail store.
ACCOMMODATION RETAIL
20ft x 20 ft 9 in
Storage:
W.C.
RESIDENTIAL
Dining, kitchen: 16 ft 9 in max x 10 ft 2 in max
Bedroom 1 plus en-suite: 11 ft 2 in 7 in
Bedroom 2 plus en-suite: 12 ft 10 in max x 8 ft 5 in max
Bedroom 3 plus en-suite: 9 ft 1 in x 8 ft 8 in
EPC RATING Retail - C
Residential - C
COUNCIL TAX BAND Residential - A
TENURE Freehold subject to tenancies.
TENANCIES RETAIL
Lease
Term: 3 years from 01/02/2020 - 31/01/2023
Rent payable: £9,600 p.a.
RESIDENTIAL
Assured Shorthold Tenancy
Term: 01/09/2022 - 31/07/2023
Rent payable: £ 1,680 p.c.m. (11 months)
Subsequent Assured Shorthold Tenancy Term:
01/09/2023 to 31/07/2024
Rent payable: £1,575 p.c.m. (11 months)
ADDITIONAL COSTS Administration Fee: £1,650 inc VAT (£1,375 plus VAT.)
Please see the legal pack for any further costs.
Tenure: See Legal Pack
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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