For Sale by online auction with Royal Estates Tuesday 5th - 7th March 2024. Guide Price £185,000. A ground floor commercial retail investment.

VIEWING DAYS & TIME:

Please Enquire for viewing availability.

A ground floor commercial investment premises which is located on a busy road with ample passing trade and a wide variety of blue chip companies close by including Tesco, Poundland, Post Office and much more. 

The commercial premises is currently rented for £1350PCM (£16,200PA) which is currently let with a 15 year FRI lease, with 12 years remaining, and a rent review in 2025. 

We have been advised that the shop is leasehold. 

Service Charge: £1087.79 (approx)

Ground Rent: £100PA (approx)

Lease Length: 995 years (approx)

Please note that the completion date for this property will not be effected by the Christmas period. 

**FREE VALUATIONS** 

For a free valuation on your property, worth £30, contact Royal Estates directly OR scan the QR code pictured above.  

BIDDING

For bidding please visit the bidding platform: underthehammer. com

*START PRICES & RESERVE PRICES

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.

EPC

EPCs can be viewed in full on the website underthehammer. com on the sales details page or in the legal pack.

UNCONDITIONAL AUCTION DETAILS

Contracts are exchanged immediate at the end of the auction and a 5% deposit will be taken from the highest bidder. THIS DEPOSIT WILL CONTRIBUTE TOWARDS THE PURCHASE PRICE.

Completion will be 8 weeks. 56 days)

Every buyer must first create an account at underthehammer. com platform, Remote bidding facilities are also available, contact Royal Estates for further details.

FULL TERMS & LEGAL DOCUMENTATION

Available on the platform underthehammer. com

Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers.

Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.