Property description

Freehold commercial premises comprising of a parade of five self contained retail units of which 4 are for sale and are all currently let producing an income of £16,980 per annum. One of the retail units (Unit B) together with two of the first floor flats have been sold off separately and are not included in the sale.

Unit A includes a first floor flat which is used as staff accommodation along with storage. There are also two fenced vacant yard areas at the end of each property.

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 : 29-OCT-2015
• LOT NUMBER : 16
• FOUR RETAIL UNITS PLUS ONE FLAT PRODUCING £16,980 PER ANNUM
• Commercial Investment