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ONLINE AUCTION from 10th DECEMBER-12th DECEMBER
The property is an excellent investment of two, one bedroom flats and three commercial units.
The property is being sold as one block and is currently fully occupied generating a monthly income of £1,645. The property is occupied by a barbers, Indian takeaway and Ice cream Parlour, the first floor has a separate access up to the two, one bed flats.
Location
Situated in the heart of Hirwain High Street. The property is in close proximity to the post office and other local amenities. The lot is located moments from a thriving local residential community.
Services
The property benefits from gas, electric and water (not tested).
VAT
We have not been able to access the building and so the property is sold as seen.
Tenant | Tenancy Type | Start Date / End Date | Tenancy Term | Rental Amount |
---|---|---|---|---|
Flat 1 | Occupational Contract | 29th November 2024 | 1 year | £350 pcm |
Flat 2 | Occupational Contract | 29th November 2024 | 1 year | £350 pcm |
Barbour Shop | Commercial Lease | 29th November 2024 | 3 years | £350 pcm |
Indian Takeaway | Commercial Lease | 29th November 2024 | 5 years | £350 pcm |
Ice Cream Parlour | Commercial Lease | 29th November 2024 | 3 years | £350 pcm |
Total | £1,750 pcm (£21,000 pa) |
Advised Freehold - to be verified by solicitor
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £1,200) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. 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.
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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