FREEHOLD COMMERCIAL/RESIDENTIAL INVESTMENT
Guide price: £640,000 - £650,000 *
Monday, 2nd October 2017 11:00am
Location & Description
An end of terrace property comprising a ground floor double shop with separate front access to 4 self-contained flats above. At the rear of the property is Coach House Court (accessed via Railway Lane) which comprises 5 self-contained flats, a rear bungalow and some derelict former residential accommodation. On the west side of the High Street, close to a Budgens and Lloyds Pharmacy and amongst a variety of local traders all serving the surrounding residential area.
Unit 1: 317 sq ft (29.4 sq m) Let on a business lease from 06.05.2015 to 30.04.2018 at £8,500 p.a.
Unit 2: 670 sq ft (62.3 sq m) Let on a business lease from 06.05.2015 to 30.04.2018 at £14,500 p.a.
9 self-contained flats & 1 bungalow
Comprising a mixture of 1-beds/studios, all let on ASTs.
A full tenancy schedule is available online.
Former Residential Accommodation: Known as 6 Coach House Court - Vacant
EQUIVALENT TO £67,520 p.a. PLUS VACANT FORMER RESIDENTIAL ACCOMMODATION FOR REPAIR
Planning was granted by Fenland District Council (ref: F/YR08/0160/F) on 21.05.2008 (now lapsed) for the erection of 4x1 bed flats at the rear of the site.
- Ground Floor Double Shop, 9 Self-Contained Flats & 1 Bungalow
- Plus Derelict Former Residential Accommodation (No. 6 Coach House Court)
- Equivalent £67,520 p.a
- Lapsed PP for 4x1 Bed Flats
* 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.