2 September 2026: Wednesday 02 September 2026 - 9:00am
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    Key features

    • Rarely Available Mixed-Use Investment
    • Retail Unit and One Bedroom Flat
    • Fully Let to a Laundrette
    • Lease Expires 02.07.2030
    • Outstanding Rent Reviews and Future Rent Review in 2027
    • Asset Management Potential
    • ERV Approx. £35,000 per annum
    • High Footfall in Popular Parade
    • Investment Let at £19,000 p.a. (8.4% GIY on Guide Price)

    Description

    The property comprises a rarely available mixed-use investment let to a laundrette and occupying a prominent high footfall pitch.

    Arranged as a ground floor retail unit and a one bedroom flat to the upper parts, the property is fully let to a single tenant trading as a laundrette on a lease expiring 02.07.2030 and paying £19,000 per annum.

    The rent has not been reviewed since the commencement of the lease, and we therefore consider the property offers asset management potential via two outstanding rent reviews providing an opportunity to improve rent, with a further rent review due 24.06.2027. We consider the Estimated Rental Value of the property to be in the order of £35,000 per annum.

    The property forms part of a popular local parade fronting Fillebrook Avenue. The parade comprises the principal local retail amenity for the surrounding residential area.

    Additional information

    Tenure

    Freehold

    Rent

    £19,000 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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      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.

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      EPC rating

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      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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