Mixed use

FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 12th FEBRUARY 2025 AT 11:00AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE

Mixed use investment comprising two ground floor shops with flat above all let producing £12,948 pa

This town centre Grade II listed mid terrace property comprises two let ground floor shops and a self contained one bedroom flat above.

52 is a tattoo shop trading as The Mad Tatters Ink let at £294 pcm (£3,528 pa).
54 is a jewellers shop trading as J Christian let at £397 pcm (£4,764 pa).
54a is a 49 sq/m first floor one bedroom flat accessed from the rear requiring improvement let at £388 pcm (£4,656 pa) to a long established tenant who has been in occupation for around 15 years. There are no written tenancies in place.

Description 52: waiting room, treatment room, kitchen, wc, rear hayloft with store measuring around 6.11 x 8.10 ft
54: shop, workshop, wc, roller shutter door, shared rear communal area
54a: shared ground floor communal area, first floor landing, kitchen, sitting room, bedroom, bathroom
Ratable value According to the valuation office website no 52 has an area of 17 sqm and a rateable value of £1,825, 54 has an area of 41 sq/m and a ratable value of £3,800, with effect from 1st April 2023. Due to small business rate relief no rates are payable.
Note We are informed that the tenant of the flat has served notice to vacate.
Council Tax Band (54a) A

Tenure: Freehold

EPC Rating: 52: C 54: C 54a: E

Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Buyer's Premium Fee: £900 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.