Sold Prior for £290,000.

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A spacious retail investment (3530 sq ft, source EPC) let producing £27,000pa.

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Description/Location

Ground floor commercial retail unit let on a full repairing and insuring lease (F.R.I.) for a term of 20 years, commencing 2/10/2012 with 5 yearly rent reviews. Current rent £27,000 p.a. The property is located in a busy retail area close to major retailers including Barclays Bank, Asda and Coral. Energy Rating: C/69

Tenure

Leasehold 125 years from October 2012

Local Authority

Viewing

Please contact Fairview Network Auctions on 0203 011 0177

Rent

Current Rental Value : £27,000 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.