Property description
A mixed use investment property producing a rental income of in excess of £10,000 per annum.
The property comprises of a ground floor retail unit together with a studio flat above which is accessed via a separate entrance. The shop is curretly let by way of a 5 year lease to 'Empire flooring' at a rental of approximately £4,800 per annum. The flat is let by way of an Assured Shorthold Tenancy on a rolling contract to a long term tenant at a rental of £5,200 per annum.
The property benefits from double glazing, central heating and steel roller shutters.
GUIDE PRICES & RESERVE PRICESGuide PriceAn indication of the sellers current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve PriceThe sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Property Features :
- SUTTON KERSH ARE PLEASED TO OFFER FOR SALE BY PUBLIC AUCTION ON : 26-MAY-2016
- LOT NUMBER : 50
- MIXED USE INVESTMENT PRODUCING £10,000 PER ANNUM. DOUBLE GLAZING. CENTRAL HEATING.
- Commercial Investment