This lot has been withdrawn from the auction.
ONLINE AUCTION from 16th MARCH-18th MARCH
A freehold building comprising a ground floor retail unit with first floor flat. The property is situated in a parade of shops within the main shopping area in the town of Ferndale. The ground floor is occupied by a barbers/hairdressers and other occupiers in the area include both national and local retailers.
|Ground Floor||Hair salon, office/store area, storeroom, kitchen, wc||Shop let on a five year lease at £350 pcm (£4,200 pa)|
|First Floor||Landing, lounge/bedroom, kitchen, bathroom||Flat previously let at £314 pcm (£3,768 pa)|
|Total income when fully let||£7,968|
Shop is let at £350 per calendar month (£4,200 per annum)
Flat is being sold with vacant possession but was previously let at £314 per calendar month (£3,768 per annum)
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 £750) 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. 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.
This auction is now closed.
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