Property

For Sale By Public Auction on 26 October 2023 starting at 09:00 AM - Live-streamed Auction

A Freehold Fully Let Mixed Use Investment Property in a popular village location
Current Rental Income: £30,960 pa.



The property comprises of two buildings either side of an access road, providing pedestrian and vehicle access to a rear surfaced car park.
6 & 6a High Street - An imposing building on the left hand side of the access road, comprising a shop (No. 6) on the ground floor with a self-contained flat (No. 6a) on the first floor.
The shop is currently used as a charity shop and comprises of a front retail area with office to the side. There are further rear sales and ancillary areas, together with staff WC. At the rear there is access to a side yard and shed. The property extends to approximately 724 sq.ft. (67.26 sq.m).
The flat has a ground floor entrance and comprises lounge, kitchen, two bedrooms and bathroom.
No. 8 High Street - is currently used a hairdresser and comprises retail/salon space with staff WC facilities. The property extends to approximately 482 sq.ft. (44.77 sq.m.).
No. 10 High Street - trades as a nail and beauty salon, accessed off a shared lobby with the first floor occupier. The accommodation comprises a salon/retail space with staff WC facilities. The accommodation extends to approximately 403 sq.ft. (37.43 sq.m.).
No. 10a/10b High Street - situated at first floor comprises a therapeutic centre with a reception area, treatment room, staff WC facilities and extends to approximately 415 sq.ft. (38.60 sq.m.).

Location
The property occupies a prominent position fronting High Street within the heart of the popular Warwickshire village of Studley.
The village offers a good range of local shopping, educational and recreational facilities. There is a good mix of local and national operators within the vicinity including Tesco Express, Aldi, a Co-op Food Store and Nisa.

Energy Performance Rating
No. 6 - D, No. 6a - E, No. 8 - E, No. 10 - D, No.10a/10b - C.

Tenure
Freehold Subject to the existing tenancies.

Value Added Tax
We understand VAT is applicable on this transaction and it is anticipated the sale will be treated as a TOGC. Further details will be available within the legal pack.

Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.

Viewing Times
Strictly by appointment with the Auctioneers.

Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.

Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information or on the Bond Wolfe’s website.

*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneer's expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.

Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe’s website.