Map2 bedroom property for sale
Key information
Features and description
- Auction Property
- Ground Floor Commercial Shop Unit
- Two Bedroom First Floor Flat
- Ideal For Investor
- Both Properties Have Tenants in Situ
- Freehold
- Council Tax Band A - Flat
- EPC Rating C - Shop
- EPC Rating D - Flat
A rare opportunity to purchase a spacious ground floor commercial unit and superb two bedroom flat above with single garage to rear. Both properties are currently let and this is an IDEAL OPPORTUNITY FOR AN INVESTOR looking for a long term return. On the ground floor there is Paul's Hairdressers, a long term tenant, recently signed up to a new lease (a copy available upon request). The main features include a generous front main hir salon (24'6" x 15'6") with rear kitchen area and separate WC and access to yard. On the first floor there is a spacious two bedroom flat with modern kitchen and bathroom fittings. Tremendous opportunity available.
The current rental income for the shop is £550 per month and £52 per month for the garage. The flat is £530 per month.
The property is for sale by The Great North Property Auction powered by iam-sold Ltd, [use Contact Agent Button], .
Rooms
AUCTION
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance.
NON-REFUNDABLE RESERVATION FEE
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee of 4.5% subject to a minimum of £6,600 INCLUDING VAT which secures the transaction and takes the property off the market.
ACKNOWLEDGEMENT OF RESERVATION FORM
The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Legal Pack which can be downloaded for free from The Great North Property Auction at: .
Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to the Modern Method of Auction, which is operated by The Great North Property Auction by iam-sold Ltd.
NO 9 GROUND FLOOR
Hairdressing Salon 7.47m x 4.72m
Beautifully fitted out hairdressers salon.
Additional Salon Photo
Additional Salon Photo
Rear Room/Kitchen 5.8m x 1.6m
Separate WC
Low level WC.
Rear Access
External
Shared yard to rear.
NO 9A FIRST FLOOR FLAT
Entrance Lobby
Stairs off to first floor.
Landing
Lounge 4.88m x 3.56m
Situated to the front of the property with double glazed window, fitted blind, TV point.
Kitchen 3.25m x 3.1m
Good size square kitchen with range of wall and floor units, stainless steel single drainer sink unit, built in stainless steel oven and extractor, central beating boiler, double glazed window, radiator.
Front Bedroom One 3.05m x 2.18m
Double glazed window, cornicing, radiator.
Rear Bedroom Two 4.57m x 4.27m
Large double bedroom with TV point, double glazed window, radiator.
Bathroom/WC
Low level WC, pedestal wash hand basin, panelled bath, splash tiling, shower attachment, double glazed window with roller blind.
External
Shared yard to rear.
Single garage.
Tenure
Freehold
Council Tax
Shop - Council Tax Band TBC
Flat - Council Tax Band A
Location Map
Energy Performance Certificate
EPC Rating D
Property information from this agent
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