Sold prior to auction, for an undisclosed amount

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A freehold mixed use investment comprising a self contained take-away unit (699 sq ft, vacant) with upper parts arranged as a 4 bedroom duplex maisonette (979 q ft) let on a room basis producing £11,664 (one room vacant).

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Description/Location

The property is situated close to the junction of Beech Road and East Grove. The ground and lower ground floor was recently let at £600 pcm, rooms 1-3 are let on ASTs, room 4 is vacant. We estimate the rental value is £350 pcm. Great potential to increase the rental income.

Tenure

Freehold

Accommodation

Ground and Lower Ground Floors: Retail area, trade kitchen, cloakroom / wc, office and store room. First Floor: Landing, room 1 let producing £3600 pa, kitchen, shower room. Second Floor; Landing, room 2 let producing £3864 pa, room 3 let producing £4200 pa, room 4 vacant (ERV £4200 pa). Outside: Rear yard.

Rent

ERV: £23,064 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.