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    Key features

    • To be offered on Tuesday 24 September
    • High Yielding Retail Investment
    • Let to Maddi's Butterflies - A Local Charity
    • Lease Expires 03/08/2028
    • Producing £9,000 per annum
    • 1,292 sq ft (120 sq m)
    • Asset Management Potential
    • Nearby Units Paying £15,000 per annum
    • Popular Pedestrianised Street
    • Guide Price Reflects 15% Gross Yield

    Description

    The property comprises a high yielding retail investment opportunity let to a local charity and positioned on a popular pedestrianised street.

    Arranged across ground and first floors, the property is let to Maddi's Butterflies on a five year lease expiring 03/08/2028 and paying £9,000 per annum. The lease is on full repairing and insuring terms with a tenants break option 04/08/2026.

    We consider the property offers asset management potential, with nearby units paying up to £15,000 per annum.

    The property forms part of a popular local parade with a frontage to the pedestrianised Broadway; the main retail pitch within the town.

    Additional information

    Tenure

    Long Leasehold - Approx. 890 Years Unexpired - Please Consult the Legal Pack

    Rent

    £9,000 per annum
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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