Ground Floor Retail Unit & 3 Bedroom Duplex Flat Above – Potential Income of £16,200pa

Auction House North West have not inspected the property but we have been advised this consists of a ground floor retail unit along with a three bedroom flat above which has a potential income of £16,200pa. 1 London Road: Consisting of a ground floor retail unit which is currently rented to a charity who have been served a 3 month notice period to vacate at the end of April 2025. Paying a low rental income of £200pcm but the unit has a potential income of £750pcm (£9,000pa). For more information relating to the tenancy and notice, please refer to the legal pack. Rateable Value: £5,900pa – 1 April 2023 to Present 3 London Road: Three-bedroom duplex flat with its own private entrance consisting of a living room, dining room (potential 4th bedroom), separate kitchen, three bedrooms and a bathroom. Available with vacant possession with a potential rental income of £600pcm (£7,200pa). To arrange a viewing, please contact our partnering agent, Nina Lubman Estate & Letting Agency in Buxton. Tenure: Freehold Title number: DY369726 Council Tax Band: A (flat) / Business Rates (retail unit) Local Authority: High Peak Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Freehold

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating 1 (shop) – Rating C, 3 (flat) – Rating D

Local Authority

High Peak Borough Council

Solicitors

Brooke-Taylors, Ref: Brooke-Taylors, Tel: 01298 22741

Additional Fees

Administration Charge - 2.5% inc VAT of the purchase price, subject to a minimum of £1980 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.