Retail property (high street) for sale
Property description & features
- Tenure: Freehold
- Investment Opportunity
- Current Rental Income £6,760 per annum
- Three storey property
- 2x ground floor retail units
- 9x Storage rooms
- Grade two listed building
We are pleased to offer for sale by auction this three storey property grade two listed building. The property briefly comprises of two retail units and a store room on the ground floor with 5 rooms to first floor and 3 rooms to the second floor. All rooms on the first and second floor are currently being used as storage. The subject property is located along West Street, Alford. The property is well located along the central street through Alford. The property is also located along the main street which gives easy access to local amenities. We are advised the property is let on a verbal agreement. One retail unit is let for £80pw and the other is let for £50pw. Achieving an annual income of approx £6,760.
Please note we have not inspected this property.
Rooms
Location
The subject property is located along West Street, Alford. The property is well located along the central street through Alford. The property is also located along the main street which gives easy access to local amenities. The subject property is 61 miles south of Hull and 80 miles east of Sheffield.
Accommodation
GROUND FLOOR:
'L' Shaped Retail Space One - 7.72m x 5.36m max
Retail Space Two - 5.92m x 3.2m
Cellar
Store Room 1 - 6.1m x 4.27m
FIRST FLOOR:
Store Room 2 - 5.08m x 4.88m
Store Room 3 - 5.18m x 3.9m
Store Room 4 - 5.6m x 2.08m
Store Room 5 - 4.34m x 4.22m
Store 6/WC
SECOND FLOOR:
Store Room 7 - 5.16m x 3.6m
Store Room 8 - 4.01m x 3.48m
Store Room 9 - 5.54m x 3.89m
NIA approximately 215.41sqm (2,319sqft)
Lease Details
We are advised the property is let on a verbal agreement. One retail unit is let for £80pw and the other is let for £50pw. Achieving and annual income of approx £6,760.
Tenure
Freehold. Title number LL261594.
Rateable Value
The adopted rateable value for No.7 is £2,425 and No.8 is £1,200 as effective from 01 APRIL 2017.
Sourced from VOA.
EPC
We are advised the property is exempt from needing an Energy Performance Certificate as it is Grade II listed.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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Energy Performance data and Internal floor area
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