Property Details - 34 Stert Street, Abingdon, Oxon

Photo of 34 Stert Street, Abingdon, Oxon

Sold for £15,000

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Lot 1

This freehold ground rent investment consists of a commercial unit with three flats above. The building is situated within the town centre of Abingdon within easy reach of Oxford City centre. The property is an attractive period brick built property with a tiled roof and occupies a prominent position. The commercial part has a peppercorn ground rent and the three flats all have ground rents of £225 pa each, thus £675 pa income in total. We understand that the lessees are interested in exercising their right to purchase. However, the lot will be offered at auction and will not be sold prior. Good road links serve the area, with easy access to the M40.

LEASE TERMS

34 Stert Street, Abingdon OX14 3JF – 999 years from 01/01/09
Flat 1, 34 Stert Street, Abingdon OX14 3JF – 99 years from 01/01/11
Flat 2, 34 Stert Street, Abingdon OX14 3JF – 99 years from 01/01/11
Flat 3, 34 Stert Street, Abingdon OX14 3JF – 99 years from 01/01/11

TENURE

Freehold

LOCAL AUTHORITY

Vale of White Horse District Council 0345 302 2315

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Price Information

*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.

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

Buyers Premium of £600 inclusive of VAT
Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
Stamp Duty - rates easily available on-line
Your solicitor fees and any survey fees
Insurance - it is your responsibility from the date of exchange to insure the property purchased.

34 Stert Street, Abingdon, Oxon

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