Property Details - 8-10 Bridge Street, Leatherhead

Photo of 8-10 Bridge Street, Leatherhead

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Lot 2

This freehold investment opportunity is situated in a town centre location alongside a number of local traders within easy reach of main line and bus connections. Good road links serve the area. The property consists of 9 flats and a commercial unit held on long leases of 250 years from 1st January 2016 at ground rents of £200 per annum for the flats and £300 per annum for the commercial unit, thus an overall annual income of £2,100 per annum. The leases have provision for increases to the ground rent. We understand that the lessees have not exercised their right to purchase.

ACCOMMODATION

9 flats and one commercial unit.

TENURE

Freehold

LOCAL AUTHORITY & TAX RATING

Mole Valley District Council
Flats are Council Tax Band C or D
Commerical Unit Rateable Value £17,750

VIEWING TIMES

Exterior Viewing Only

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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.

8-10 Bridge Street, Leatherhead

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