Mixed use

MIXED INVESTMENT OPPORTUNITY

A fantastic yielding residential and commercial investment property being located in a popular area of the City.

This two storey end of terrace property briefly comprises a ground floor lock-up public house with three one bedroom first floor flats with total rents reserved of £41,400pa but with scope to improve this (when fully let).

VIEWING ARRANGEMENTS
Please contact us on[use Contact Agent Button] to arrange a viewing.

TENURE
Freehold subject to tenancies.

TENANCIES
Commercial: Grenville Arms: A 15 year term dated from 09/10/2017 with current rents reserved of £1,800pcm.
Residential: (Tenants pay all their bills) Flat 1: Let on an assured shorthold tenancy (6 month term) basis dated from 17/09/2021 with current rents reserved of £550pcm.
Flat 2: Let to the current owner with current rents reserved of £550pcm.
Flat 3: Let on an assured shorthold tenancy (6 month term) basis dated from 01/08/2022 with current rents reserved of £550pcm.

EPC
Ratings:
Greville Arms - C.
Flat 1 - C
Flat 2 - C
Flat 3 - C

Commercial:
Ground floor: Main bar and trade areas, kitchen, WCs.
Residential:
First floor: Accessed from rear. Communal landing, private flat entrances. Flat 1; Kitchen, living room, bedroom, bathroomWC. Flat 2; Kitchen, living room, bedroom, bathroom/WC. Flat 3; Kitchen, living room, bedroom, bathroom/WC.

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.

Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal, planning and finance enquiries prior to the auction.