Next Auction:
13/2/2025
Lot 50
Lot 50
This freehold shop and uppers is being offered with thebenefit of investment income. The ground floor is let to atenant trading as an off licence and household businesson a full repairing and insuring lease for a 15 year termfrom 5th January 2006 at an initial rent of 11,000 pa with 5yearly rent reviews. The upper part consists of a twobedroom flat with part double glazing and gas-firedcentral heating, that is let on an Assured ShortholdTenancy from 1st October 2010 at rent of 920 pcm(11,040 pa) thus the whole premises is producing 22,040pa. The property that is situated within a popular tradingposition of various local traders will be of interest toinvestment purchasers.
*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Please note that the following additional fees will apply to the purchase of your property:
Request a FREE market appraisal today!
Full Market Appraisal Instant Valuation©2024 Phillip Arnold Auctions. All rights reserved.