Mixed Commercial Building
£550,000 Guide Price
A Freehold mixed commercial building comprising ground floor offices, block of five garages & car park Let on a commercial Lease and two, two bedroom flats Let on Assured Shorthold Tenancy Agreements. Development potential to add a floor, subject to all necessary consents.
Accommodation
AT THE TIME OF GOING TO PRINT, HAIR & SON AUCTION HAVE NOT INSPECTED THE PROPERTY.
INTERESTED PARTIES ARE ADVISED TO RELY ON THEIR OWN ENQUIRIES.
We understand the property incorporates the following:
Ground floor comprises a variety of offices currently used as a Solicitors practice. Storage rooms, reception area, kitchen and W.
C's.
Flat 1:
Entrance hall
Lounge
Kitchen
Bedroom 1
Bedroom 2
Bathroom/W.
C.
Flat 2:
Entrance hall
Lounge
Kitchen
Bedroom 1
Bedroom 2
Bathroom/W.
C.
EXTERIOR
Block of five single lock up garages under a flat roof and with up and over doors.
Car park at the rear for staff and visitors.
TENANCIES
Commercial Lease commencing 24th October 2003 for a period of 20 years at a current Rent of £18,600 per annum.
Assured Shorthold Tenancies:
Flat 1: Currently Let at a Rent of £600 per calendar month (£7,200 per annum).
Flat 2: Currently Let at a Rent of £600 per calendar month (£7,200 per annum).
Thus producing £33,000 per annum.
NOTE
The property is sold subject to any occupancies or Tenancies which may exist as stated in the Legal Pack.
Interested parties are advised to rely on their own enquiries.
AUCTIONEERS NOTE
The property offers potential to add a floor to create additional flats, subject to all necessary consents.
Hair & Son Lettings consider the current Rental value of the flats to be in the region of £750 per calendar month each (£9,000 per annum each).
VIEWING
By appointment with the Auctioneer and at the courtesy of the Tenants.
.