GUIDE PRICE £45,000 - £55,000 FOR SALE BY ONLINE AUCTION ON MONDAY 16TH AUGUST FROM 12 NOON For registration details, please visit auctionhouse/northeast.co.uk Commercial Property let on a five year lease This commercial property is currently let as a beauticians and comprises Shop front with Rear office and store. 5 Year rental Lease in place since July 2020 offers a potential yield of 11.55% on lower guide. Year 1 - £4680 Year 2 & 3 [from July 2021] Rent to increase to £5,200 per annum Year 4 & 5 [increase to £5,720] per annum Please Note: Auction House North East have not internally inspected this property. Additional Fees Buyer's Premium: £1,000.00Administration Charge: £1,200.00Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1200 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.