Property description
Tenanted mixed commercial and residential investment property incorporating a ground floor retail unit plus two self contained flats above with an approximate current annual income of £12,000.
The retail unit is currently let to Jeanette's Barber shop at a rental of £200 pcm (£2,400 per annum). The lease has expired and the tenant is currently holding over, however we are advised they wish to stay and will sign a new lease. Flat 1 is let at £350 pcm (£4,200 per annum). Flat 2 is let at £450 pcm (£5,400 per annum) until 17th November 2015.
The rents for the two flats are paid to the landlord by standing order.
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 : 16-APR-2015
- LOT NUMBER : 43
- Commercial Investment