Property description
A valuable commercial & residential freehold property, currently the subject of a business lease on the shop with an assured shorthold tenancy on the flat, but with the ability to have vacant possession of both (subject to notice).
ACCOMMODATION
The property stands between the town centre and the railway station. It is in a prominent position with considerable passing traffic and foot fall. The property has been linked to an adjoining building by the current tenant who runs both properties as an Indian restaurant.
Premises
A prominent shop front to Queen Street with Shop/Restaurant Area, with Rear Store and W.C. On the first floor (approached from a higher ground level and a rear access road) is a Two Bedroomed Flat with Lounge, Kitchen and Shower Room. There is a Garage and Parking for several vehicles (or scope for extension).Shop Front with entrance door giving access to:-Restaurant 16' 6'' x 29' 6'' (5.03m x 8.99m) The entrance door is recessed.Toilet Facilities To the rear is a cloakroom which has fully tiled walls with hand-wash basin and separate W.C with low level suite.Store Room 9' x 8' 6'' (2.74m x 2.59m) with door from rear.106 Queen Street is currently used in conjunction with a 104 Queen Street but the landlord proposes to erect a wall within the archways and separate off the adjoining property. Currently the flat above has access from a rear door and does not link internally to the shop, however a staircase has existed in the past and could certainly be reinstated if required.THE LIVING ACCOMODATION (above 106 Queen Street)The living accommodation comprises a first floor flat approach from the rear where there is an approach lane of which the property owns parking for several vehicles. There is also a Detached Garage 18' x 8'6\" (5.49m x 2.59m) with double door.
Entrance Hall - 12' 9'' x 5' 4'' (3.88m x 1.62m)
with panel heater and access to:-
Lounge - 12' x 10' 8'' (3.66m x 3.25m)
with electric panel heater, power points and recess.
Bedroom 1 - 12' 2'' x 12' (3.71m x 3.66m)
with doorway area 6' x 3'6\" (1.83m x 1.07m) and power points.
Kitchen - 12' x 6' 6'' (3.66m x 1.98m)
with stainless steel sink unit with base and wall cupboarding and pine ceiling.
Shower Room - 7' 9'' x 3' 9'' (2.36m x 1.14m)
with electric shower heater to shower, hand wash basin and low level flush W.C.
Bedroom 2
The Tenancies
The property is shortly to become vacant but for those wishing to retain the flat for themselves and take an income the previous rent that has been passing on the ground floor has been £10,000 per annum on a full repairing and insuring lease. The flat has been let on an Assured Short Term Tenancy but has now going to be offered with vacant possession allowing the possibility of someone to run their own business from the shop and live above.
Council Tax
Flat - Band 'A'
Business Rates
(Shop) Ratable value to be reassessed
Manner of Sale
MANNER OF SALEThe property is to be offered on the open market with the invitation for bids in excess of £150,000. All bids submitted will be disclosed to existing bidders and all bidders will be given the opportunity of revising their bids when exceeded by bids received from third parties. Attached to these sales particulars is a Disclosed Bidding Form, which is to be completed when submitting an offer.STATUSBidders will be required to confirm their status when submitting offer and would need to advise us if their purchase was subject to any other sales or funding.ACCEPTANCE OF BIDSOn submitting the final highest bid prospective purchasers will be advised that this is accepted, subject to contract and will be expected to sign a contract within three weeks of the receipt of this contract. Failure to do so may result in a contract being offered to an under bidder. The vendor reserves the right not to accept any bids.
Property Features :
- SHOP FRONT
- RESTAURANT AREA
- W.C. FACILITIES
- REAR STORE ROOM
- FLAT WITH LOUNGE
Property Info: