Property description
A substantial three storey corner property comprising of two retail units together with 4 x 1 bedroomed self contained flats above. One of the units is currently let by was of a 5 year Lease Agreement producing £4800.00 per annum. Two of the flats are currently let by way of Assured Shorthold Tenancies producing £8400.00 per annum. The vacant shop would be suitable for a number of uses, subject to any relevant planning consents. There is also an advertising hoarding producing £50.00 per annum. The Area to the rear is currently let to the Cafe next door at a rental of £30.00 pcm.
When fully let the potential rental income is in excess of £30,000 per annum.
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 : 15
- A MIXED USE INVESTMENT PRODUCING £13,280 PER ANNUM.
- Commercial Investment