For Sale by Auction 3rd September 2019WHY BUY?Ground floor retail2 x Self-contained flatsPotential income circa £20,000paScope to add capital/rental valueDESCRIPTIONThis is a large corner property that is currently configured to provide a ground floor retail unit and 2 x self-contained flats to the upper floors. The retail unit is currently vacant and was previously trading as a tanning salon and benefits from large corner window frontage to Rocky Lane and internal treatment rooms. To the upper floors there is 1 x one bedroom and 1 x two bedroom flat that are currently let by way of AST agreements at £400pcm x 2 x 12 = £9,600pa. There is scope to refurbish and increase the rental potential. The retail unit could also be let at circa £9,000pa giving a total annual income circa £20,000pa. LOCATIONRocky Lane is located in a bustling residential area a short walk away from Newsham Park. It is within a minute walk from Lower Breck Road, which has a variety of local amenities, including shops and eateries.ACCOMMODATIONGround floor: Shop front, 3 x partitioned treatment rooms, shower room, rear treatment/massage roomFirst floor: Entrance hall, kitchen, living room, bedroom, bathroomSecond floor: Entrance hall, kitchen, living room, 2 x bedrooms, bathroomAUCTION FEESThe sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1000 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.
For Sale by Auction 3rd September 2019WHY BUY?Ground floor retail2 x Self-contained flatsPotential income circa £20,000paScope to add capital/rental valueDESCRIPTIONThis is a large corner property that is currently configured to provide a ground floor retail unit and 2 x self-contained flats to the upper floors. The retail unit is currently vacant and was previously trading as a tanning salon and benefits from large corner window frontage to Rocky Lane and internal treatment rooms. To the upper floors there is 1 x one bedroom and 1 x two bedroom flat that are currently let by way of AST agreements at £400pcm x 2 x 12 = £9,600pa. There is scope to refurbish and increase the rental potential. The retail unit could also be let at circa £9,000pa giving a total annual income circa £20,000pa. LOCATIONRocky Lane is located in a bustling residential area a short walk away from Newsham Park. It is within a minute walk from Lower Breck Road, which has a variety of local amenities, including shops and eateries.ACCOMMODATIONGround floor: Shop front, 3 x partitioned treatment rooms, shower room, rear treatment/massage roomFirst floor: Entrance hall, kitchen, living room, bedroom, bathroomSecond floor: Entrance hall, kitchen, living room, 2 x bedrooms, bathroomAUCTION FEESThe sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1000 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.