No longer on the market
This property is no longer on the market
Map5 bedroom block of apartments
Key information
Features and description
- • Substantial mixed use investment property comprising ground floor shop with 4 No. Flats above
- • Fully let producing £23,760 pa.
- • Located to the heart of Eckington surrounded by a variety of shops & cafes
- • Shop Let and trading as Magic Pizza & Charcoal Grill’
- • 4 No. self-contained flats (Three 1 bed & One 2 bed) let on Assured Shorthold Tenancy agreements
- • Viewing strongly advised
SOLD VIA LIVESTREAM AUCTION
An exciting opportunity has arisen to purchase this substantial end terrace mixed use property comprising a lock-up ground floor shop currently Let to a takeaway trading as ‘Magic Pizza & Charcoal Grill’, together with 4No. self-contained flats above let on Assured Shorthold tenancies (AST). The property is currently producing a total rental income of £23,760 per annum.
An exciting opportunity has arisen to purchase this substantial end terrace mixed use property comprising a lock-up ground floor shop currently Let to a takeaway trading as ‘Magic Pizza & Charcoal Grill’, together with 4No. self-contained flats above let on Assured Shorthold tenancies (AST). The property is currently producing a total rental income of £23,760 per annum.
Accommodation
Ground Floor;
Takeaway- Sales area; Kitchen; Storage. Approx. 45m2.
First Floor
Flat 1 – Entrance Hall, Kitchen, Bathroom comprising white suite and shower, Bedroom, Sitting room.
Flat 4- Entrance Hall, Kitchen, Bathroom comprising white suite and shower, Bedroom, Dining room, front bedroom.
Second Floor
Flat 2– Entrance Hall, Front sitting room, Kitchen, Bathroom comprising white suite and shower, Bedroom one, (access to third floor) Bedroom two with ‘Velux’ style window.
Flat 3– Entrance Hall, Living Kitchen, Bathroom comprising white suite and shower, (access to third floor) Bedroom one with ‘Velux’ style window.
Rental Details
Ground Floor shop trading as Takeaway ‘Magic Pizza & Charcoal grill’ Let on a year lease at £6,300pa
The flats are all let on Assured Shorthold Tenancies;
Flat 1 – £4,200 pa (£350 pcm)
Flat 2 - £4,500 pa (£375 pcm)
Flat 3 - £4,740 pa (£395 pcm)
Flat 4 - £4,020 pa (£335 pcm)
TOTAL RENTAL INCOME £23,760 PA
Solicitors
George Thompson, BRM Solicitors, Gray Court, 99 Saltergate, S40 1LD. [use Contact Agent Button]
Key Information: -
Tenure - Freehold
Council Tax Band (Flats) - A.
EPC Ratings – Takeaway D84; Flat 1 E49; Flat 2 E42; Flat 3 E44; Flat 4 E51.
Tenure: Freehold
EPC Rating: D-84
Terms:
Guide Prices & Reserves
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees
Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Plans, Maps and Photographs
The plans, floorplans, maps, photograph’s and video tours published on our website and in the catalogue are to aid identification of the property only. The plans are not to scale and should not be relied upon.
Consumer Protection Regulations 2008
Price Linsey Property Consultants Ltd endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract. All references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. The seller does not make any representation or give any warranty in relation to the property, and we have no authority to do so on behalf of the seller.
Anti Money Laundering Regulations
Intending buyers will be asked to produce identification documentation either as part of the bidder registration process of if they make an acceptable pre-auction offer, we would ask for your co-operation in order that there will be no delay in agreeing the sale.
Control of Asbestos Regulations
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Price Linsey have not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.
Administration Fee: £1140 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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