Sold prior to auction, for an undisclosed amount

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A freehold mixed use building (2,055 sq ft, source EPC) comprising a ground commercial unit with first floor office (721 sq ft) and a large, self contained maisonette (1,334 sq ft) across the upper floors, let producing £11,100 per annum.

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Description/Location

The commercial premises are let to Bond Oxborough Phillips Partnership until 30 June 2031 at £5,400 pa with 5 yearly rent reviews, the maisonette is let on an Assured Shorthold Tenancy from 20th February 2019 (now in periodic status) at £5,700 pa.

Tenure

Freehold

Local Authority

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Charles Darrow Network Auctions on 01271 321122

Accommodation

Ground floor: Retail area, manager's office and staff ancillary areas to the rear. First floor: First floor office space / storage. First floor: Hall, bedroom, stairs to second floor Second floor: Living room, kitchen, w.c. stairs to third floor Third floor: Bedroom, bathroom, living room. Outside: Rear yard Domestic EPC: D/57 Commercial EPC: C/70

Rent

Current rent £11,100 pa

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.