Home » Property Search » Auctions » 10/10/16 » 12 Highbridge St, Waltham Abbey, Essex, EN9 1DG

Lot 37 - 12 Highbridge St, Waltham Abbey, Essex, EN9 1DG

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FREEHOLD COMMERCIAL INVESTMENT PLUS 2 FLATS LET ON AST's

Guide price: £400,000 - £405,000 *

Auction Date

Monday, 10th October 2016 11:00am

Location & Description

Waltham Abbey is an historic market town in the south west of Essex and is just to the north east of Junction 25 of the M25.
The property comprises an end of terrace shop (with subsequent planning for A3 expiring April 2017) and two self-contained flats above in a conservation area on the north side of Highbridge Street. The Town Hall is opposite and the Abbey Church a few yards away.

ACCOMMODATION (Based on VOA website)

Shop: 352 sq ft (33 sq m), including kitchen area, WC
Occupied by 'Puff Dad E' on a lease expiring 28.02.2017 (outside s24-28 of the L&T Act 1954) at £8,000 p.a.
Flat 12B Top Floor: 1 room with fitted kitchen area, shower/WC, Central heating.
Let on AST until 31.05.2018 at £640 pcm
Flat 12A First Floor: 3 rooms (1 with fitted kitchen area), Shower/WC, central heating.
Let on AST until 31.05.2018 at £775 pcm

EQUIVALENT TO £24,980 p.a.

EPC Rating

Shop: E, Top flat: B , Mid flat: C

Property Features

  • Freehold
  • Shop and 2 Flats
  • Equivalent £24,980 p.a.

VIEWINGS

Wednesday 28 September at 12:00 (Noon)
Friday 30 September at 12:00 (Noon)
Wednesday 5 October at 12:00 (Noon)

Result

Sold for £380,000.

Joint Agent

 Duncan Phillips Ltd 01992 701133 Ref: Howard Green

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.