Freehold building comprising ground and lower ground floor retail unit (approx. 5,273 sq.ft.) occupying a prominent high street position. Vacant

Description/Location

The ground floor provides a retail sales area of 2,800 sq. ft and there is a spacious lower ground floor storage area of 2,273 sq. ft (211 sq. m). The ground floor of the property was previously let to The Original Factory Shop with a rental of £42,000 p.a. reduced following the Covid-19 pandemic to £16,800 p.a. by way of a deed of variation. With automatic sliding front door, disabled passenger lift to enable access over the entrance steps and a conveyor belt between the first and lower ground floor for transporting goods. There is also a disabled customer WC. There are 2 flats to the upper floors sold off on long leases.

Tenure

Freehold

Local Authority

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Please contact Charles Darrow Network Auctions on 01626 330022

Accommodation

Ground floor: Retail sales area of 2,800 sq. ft (260.12 sq. m) Lower ground floor: Storage area 2,273 sq. ft (211 sq. m). Upper Parts 2 x self contained flats, sold off on long leases.

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 inc VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.