1 bedroom maisonette

FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 11 DECEMBER 2024 AT 11:00AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE

Mixed use investment opportunity comprising a let cafe and maisonette producing £18,940 pa

This town centre Grade II listed mid terrace property comprises a let ground floor cafe and self contained one bedroom maisonette above producing £18,940 pa. The cafe trades as Taylors Cafe and is let at £13,000 pa on a five year lease dated 3rd May 2024. The one bedroom maisonette is in good decorative order and is let on a one year assured shorthold tenancy dated 28th May 2019 at £495 pcm (£5,940 pa) to a long established tenant who has been in occupation for over five years.

This is an ideal mixed use investment opportunity.

Cafe Lower ground floor: lounge, snug, corner area, two toilets, rear seating area
Ground floor: main seating area, servery, kitchen
Maisonette First floor: entrance hall, kitchen / breakfast room, bathroom, sitting room
Second floor: bedroom in two parts
Outside Pedestrian access from Oak Street, at the side of No.7 serves the covered terrace for Taylor's and staircase access to the maisonette.
Rateable Value According to the valuation office website the restaurant and premises has an area of 102.3 sqm and a rateable value of £8,400 with effect from 1st April 2023.

Tenure: Freehold

EPC Rating: Shop: C Flat: E

Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Buyer's Premium Fee: £900 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.