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This property has sold prior to auction.
ONLINE AUCTION from 1st FEBRUARY-3rd FEBRUARY
The property comprises a mid terrace corner property of traditional brick construction under a pitch slate roof, with return glazed frontage at ground floor.
The ground floor is occupied by Lloyds pharmacy and provides a sales and dispensing area to the front of the unit with rear stores offices and ancillary space. The first floor flat is accessed from a rear courtyard, which itself is accessed from New street. External steel gantry steps lead to an access door. Internally the property provides a kitchen, living room and bedroom with shower room and WC
The whole property is let to Lloyds pharmacy on a 15 year lease commencing on 29th September 2012 with 5 year rent reviews, the passing rent is £12,000 per annum exclusive. (review date 29th September 2017). Lloyds pharmacy current sublet and manage the residential element.
Floor | Description | Area Sq Ft | Area Sq M |
---|---|---|---|
Ground Floor | Sales | 583 | 54.16 |
Ground Floor | Dispensary | 202 | 18.8 |
Ground Floor | Pharmacy | 22 | 2.04 |
Ground Floor | Office/Kitchen | 55 | 5.13 |
Ground Floor | WC | ||
Ground Floor | Store 1 | 54 | 5.06 |
Ground Floor | Store 2 | 164 | 15.27 |
Outside: Rear courtyard
Tenancy: let to Lloyds Pharmacy on a 15 year lease commencing on 29th September 2012 with 5 year rent reviews, the passing rent is £12,000 per annum exclusive. (review date 29th September 2017).
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 £975) 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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