Property description

A mixed use Investment Property currently producing a rental income of £19,600 per annum.

A detached double fronted part two/part single storey property comprising of a ground floor Restaurant holding 75 covers, together with a 1 bedroomed flat above accessed via a separate side entrance. The property benefits from original windows, gas central heating and a beer garden.

The Restaurant is trading as \"The Old Bank Bistro\" and currently let by way of a 5 year Lease producing an income of £14,500 per annum. The flat is currently let by way of a rolling 6 month Assured Shorthold Tenancy producing £5100.00 per annum.

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 : 09-Feb-2017
• Lot Number : 38
• DOUBLE FRONTED PART TWO/PART SINGLE STOREY PROPERTY. CURRENTLY PRODUCING £5,100 PER ANNUM.
• Commercial Investment