Lot 79 - 1-3 Market Street, Cinderford, Gloucestershire, GL14 2SD

  • Unconditional Online Auction Sale
  • Guide Price* : £375,000+
  • Bedrooms: 0

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Lot 79 - Mixed Use Property for Investment/Development

Description

ONLINE AUCTION from 19th MAY - 21st MAY

The property comprises a mid-terraced, two-storey building arranged as two self-contained units, with potential to develop the rear into residential flats (subject to the necessary planning consents).

The ground floor provides two self-contained retail units with frontage onto Cinderford Square. We have not been able to inspect the upper floors of the property. There is also rear access, including a loading bay to the rear.

The property occupies a central position within an established retail parade and offers further development potential.

Please Note: The internal photo's of the shop are historic and are for identification purposes only.

Tenancies

Current Rental Income Inc VAT
• Mel’s Top Cuts
• £10,800 per annum

Vacant Unit
• The Real Deal – currently vacant
• Previously let at £38,400 per annum
• To be sold with vacant possession

Potential Rental Income (Fully Let)
£49,200 per annum

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/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) 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.

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Paul Fosh Auctions
01633 254044

Office Contact

James Hollingsworth
7930173054

Documents

Legal Documents

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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.

If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.

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