Lot 23 - Mellington Workshops, Mellington Workshops, Churchstoke, Montgomery, SY15 6TQ
- Unconditional Online Auction Sale
- Guide Price* : £80,000+
- Bedrooms: 0
Waiting for video...
Lot 23 - Five Units and Store with Carpark for Investment
Description
ONLINE AUCTION from 11th MARCH-13th MARCH
The site is comprised of five units, a store and a large carpark to the front of the building.
Four of the units are currently tenanted and are achieving a total rental income of £8,084.72 income per an annum. There is opportunity for further income by letting the vacant unit.
Subject to the relevant consents, this property may lend itself to further development.
Location
Mellington Workshops is a site located in the village of Mellington, near Churchstoke, Montgomery, Powys. The site is located close to the A49 and roughly midway between Hereford and Leominster.
The surrounding area is characterized by its picturesque countryside, with Mellington Hall Country House Hotel and Holiday Home Park nearby, offering accommodation and leisure facilities.
Tenancy
| Tenant | Tenancy Type | Start Date / End Date | Tenancy Term | Rental Amount |
|---|---|---|---|---|
| Unit 1 | TBC | 12.04.2007/11.04.2013 | Tenant holding over on 2007 lease agreement terms | £2,155.45 pa |
| Unit 2 | TBC | 07.08.2008/06.08.2014 | Tenant holding over on 2008 lease agreement terms | £1,389.65 pa |
| Unit 3 | Vacant | Vacant | Vacant | Vacant |
| Unit 4 | TBC | 01.09.2015/31.08.2018 | New lease agreement currently in progress, to be completed before auction date. Once new lease agreement completed, Rent PA will be £1195.68 and service charge PA £239.14 | £922.92 pa |
| Unit 5 | TBC | 15.03.2006/14.03.2012 | Tenant holding over on 2006 lease agreement terms | £3,380.05 pa |
| Store | TBC | 01.03.1999/04.08.2003 | Tenant holding over on 1999 lease agreement terms | £236.65 pa |
Tenure
Advised Freehold - to be verified by solicitor
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.5% of the purchase price (subject to a minimum of £1,500) 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.
Loading the bidding panel...
Viewing
Office Contact
Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Legal Documents
Log in to view legal documentsRelated Documents
Auction Finance
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.
Follow
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.