Property description
A three storey mixed use investment property comprising of a ground floor retail unit together with 2 x 1 bedroomed self contained flats above, accessed via a separate front entrance. The shop is currently let on a rolling monthly contract producing £5200 per annum. One of the flats is currently let by way of an Assured Shorthold Tenancy producing £4080.00 per annum.
The property benefits from double glazing, electric roller shutters and electric heating.
When fully let the potential rental income is in excess of £13,500 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 : 14-JUL-2016
- LOT NUMBER : 31
- MIXED USE INVESTMENT PRODUCING £9280 PER ANNUM. DOUBLE GLAZING. ELECTRIC HEATING.
- Commercial Investment