** SOLD AT AUCTION - £290,500 ** Unique opportunity. Mixed use residential and commercial investment, with a current income of £29,880 p.a. Positioned on the outskirts of the town centre within a popular residential and retail area. Ideal investment opportunity, comprising a 3 bedroom (all with en-suites) flat above a convenience retail store.
ACCOMMODATION
RETAIL 20 ft x 20 ft 9 in Storage: W.C. RESIDENTIAL Dining, kitchen: 16 ft 9 in max x 10 ft 2 in max Bedroom 1 plus en-suite: 11 ft 2 in 7 in Bedroom 2 plus en-suite: 12 ft 10 in max x 8 ft 5 in max Bedroom 3 plus en-suite: 9 ft 1 in x 8 ft 8 in
EPC RATING
Retail - C Residential - C
COUNCIL TAX BAND
Residential - A
TENURE
Freehold subject to tenancies.
TENANCIES
RETAIL Lease Agreement Term: 01/02/2023 to 31/01/2025 Rent payable: £950 p.c.m. RESIDENTIAL Assured Shorthold Tenancy Term: 01/09/2022 - 31/07/2023 Rent payable: £ 1,680 p.c.m. (11 months) Subsequent Assured Shorthold Tenancy Term: 01/09/2023 to 31/07/2024 Rent payable: £1,575 p.c.m. (11 months)
ADDITIONAL COSTS
Administration Fee: £1,650 inc VAT (£1,375 plus VAT.) Buyers Premium: £1,200 inc VAT (£1,000 plus VAT.) Please see the legal pack for any further costs.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - these fees are included in the above sales particulars.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.