Cafe
Features and description
- Gh0784
- Steady revenue: £26,000 per annum
- Online auction
- Versatile investment opportunity
- Two-bedroom flat on third floor
- Commercial area: operating café
- No chain, easy transaction
- Close to local amenities
- Good transport links
- Viewings recommended!
This unique property on the market, both terraced and commercial, is a worthwhile investment opportunity. The property is in good condition and is currently on the market for sale. It holds a unique charm, combining both residential and commercial features, making it a versatile property for various uses.
The property consists of a commercial area on the first two floors, currently operating as a café. There is a two-bedroom flat on the third floor, ensuring it is not only a business opportunity but a place to call home too. There is one reception room and a kitchen, offering all the essential spaces for comfortable living. The property also includes a bathroom, rounding up the features of this unique space.
The residential section of the property is currently rented at £26,000 per annum, indicating a steady revenue stream. The property is being sold by an online auction and comes with no chain, ensuring a smooth transaction process.
The property is located in a prime location with excellent public transport links, making it easily accessible. It also boasts proximity to local amenities, ensuring all your needs are within reach. In terms of council tax, the property falls under band A, which is an added advantage.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
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