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    Key features

    • To be offered on Tuesday 27 January
    • High Yielding Mixed-Use Investment
    • Ground Floor Convenience Store
    • Three Bedroom Maisonette to Upper Parts
    • Retail Unit Let on Five Year Lease Expiring 29.04.2029
    • Maisonette Let on an AST Expiring 31.09.2026
    • Forms Part of a Popular Local Parade
    • VAT-Free Investment
    • Investment Let at £28,660 p.a. (12% GIY on Guide Price)

    Description

    The property comprises a high yielding, mixed-use, investment opportunity forming part of a popular local parade.

    Arranged as a ground floor retail unit with a separately accessed three bedroom maisonette to the upper parts, the property is fully let to two tenants producing a total rent of £28,660 per annum.

    The ground floor is let to a tenant trading as the Maypole Express convenience store on a five year lease expiring 29.04.2029 and paying £18,000 per annum.

    The upper parts are let to an Assured Shorthold Tenancy (AST) expiring 31.09.2026 and paying £10,660 per annum.

    The property occupies a prominent position in the centre of a popular local parade anchored by an Iceland Supermarket. Other national occupiers on the street include Betfred, Greggs and Aldi.

    Additional information

    Tenure

    Leasehold - 2,000 years from 10.12.1985 (1,960 Years Unexpired) - Peppercorn Rent

    Rent

    £28,660 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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      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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