Property description

A two storey middle terrace property consisting of a retail unit currently trading as a shoe repair shop at a nominal rental of £1,040.00 per annum. To the upper floor there is a 2 bedroomed flat accessed via a separate rear entrance which is currently let by way of an Assured Shorthold Tenancy producing £4,740.00 per annum however we believe the tenants are due to vacate at the end of November 2016.

The property benefits from double glazing and central heating.

We are advised by the vendor that mass redevelopment to include a community centre is to take place within the area however interested parties should make their own enquiries.

GUIDE PRICES & RESERVE PRICES

Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.

Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Property Features :

• Sutton Kersh Are Pleased To Offer For Sale By Public Auction On : 03-Nov-2016
• Lot Number : 10
• RETAIL UNIT WITH FLAT ABOVE PRODUCING £5,800 BENEFITTING FROM DOUBLE GLAZING AND CENTRAL HEATING.
• Commercial Investment