Mixed use for sale

For Sale By Public Auction (subject to Reserve, Conditions of Sale and unless sold meanwhile) at Rookery Manor, Edingworth Road, Edingworth, Weston-super-Mare, BS24 0JB on Wednesday 10th July 2024 at 7:00pm

Guide Price: £200,000/£230,000

*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.

All purchasers will be required to pay the Auctioneers an administration fee of £900 including VAT and produce two forms of identification. Further charges may be payable and will be detailed in the Auction Pack.

NB. Deposits can only be paid by Personal Cheque or Banker's Order

A Mixed Use Investment opportunity located within a Conservation Area in a central position opposite the Town Hall and close to the High Street, Sea Front, bus terminus and railway station. The property comprises a Lock Up Shop with 2 self contained flats over producing an income of £21,600 per annum.

Accommodation: - (with approximate measurements)

Shop: - Shop premises 540 sq (50.16 sq m) approximately including fitted Shop, Store Room and WC. Rear access.

First Floor Flat: - Rear access with external staircase to Balcony with further steps up to door leading to Hall with 'Worcester' gas fired boiler providing central heating and hot water. Lounge/Kitchen, Double Bedroom, Shower Room and WC.

Second Floor Flat: - Private Entrance with recessed Front door to Entrance Hall with stiarcase rising to Second Floor Landing with Store off with plumbing for a washing machine. Lounge/Kitchen with gas fired boiler providing central heating & hot water and a Balcony off overlooking The Centre towards the Town Hall. Double Bedroom, Bathroom & Separate WC.

Tenure: - Freehold

Tenancies: - Shop holding over on a contributory Full Repairing & Insuring lease at a rent of £7,200 per annum exclusive of rates.
First Floor Flat: Let on an Assured Shorthold Tenancy at a rent of £600 per calendar month
Second Floor Flat: Let on an Assured Shorthold Tenancy at a rent of £600 per calendar month

Total Income: £21,600 per annum

Outgoings: - Shop: Rateable Value £6,400
First Floor Flat: Council Tax Band A
Second Floor Flat: Council Tax Band A

Epc Ratings: - Shop: 'C' (68)
First Floor Flat: 'C' (72)
Second Floor Flat: ''D' (63)

Conditions Of Sale: - From the Solicitors:-

Powells Law,
7-13 Oxford Street,
Weston super Mare,
BS23 1TE

Ref: Stephen Soper
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