6 bedroom maisonette for sale

Preliminary Details - more information to followMulti-let mixed use freehold investment property comprising ground floor restaurant (business not affected) and 3no. flats. Gross Rent - 49,440 per annum / Gross Yield - 14.54%. Grade II Listed Accommodation Sq M Sq Ft17-19 Ground Floor Cafe 66.64 / 71717A 3-bed maisonette 97 / 1,04417B 1-bed ground floor flat 36 / 38819A 1-bed maisonette 67 / 72119B 1-bed ground floor flat 41 / 441Total Residential Accommodation 241 / 2,594Combined Retail and Residential 307.64m2/ 3,311ft2Areas from VOA and EPCs and subject to onsite verification.Tenancy InformationCaf is let from September 2022 to a private individual trading as Timos Caf on a 7-year internal repairing (plus shopfront) term at an initial rent of 14,400 per annum, exclusive. Tenant-only break-clause (subject to conditions) and upward-only rent review at the second anniversary. Understood to Contracted Out.17A Let to two private individuals from 24th September 2022 at an initial rent of 845 per calendar month.17B Let to a private individual from 24th February 2024 at an initial rent of 695 per calendar month.19A Let to a private individual from 28th February 2024 at an initial rent of 730 per calendar month.19B Let to two private individuals from 6th May 2022 at an initial rent of 650 per calendar month.(35,040 per annum from the residential.)PlanningWe understand the property is Grade II Listed located within the Glastonbury Conservation Area. Further information can be found via the Historic England website, List Entry Number: 1057963Rights of Way / Flying FreeholdBenefits from vehicular and pedestrian rights of way over adjoining land further details available in the legal pack.Registering to bid and Administration feeCooper and Tanner requires all bidders who wish to bid at our Auction to register beforehand, whether you are intending on bidding in the room, by proxy or online. As part of the registration process, you will be asked to provide card details in order that the Buyers Administration Fee of 1350 inc VAT can be paid if you are successful. A week before the auction a hold will be placed on your account for this sum, which will then be released if you are unsuccessful. This fee will only be taken if you are the successful buyer. The fee is retained by Cooper and Tanner and does not form part of your deposit or completion settlement. Please also be aware that the Buyers Administration fee is payable per lot purchased and applicable to all pre-auction sales. If you are successful in purchasing more than one lot, we will contact you following the auction to take subsequent payments for additional lots bought. All checks required by current anti-money laundering legislation must be satisfactorily completed, as part of the registration process before prior approval to bid will be granted; this will include providing proof of funds.DepositSuccessful bidders will be required to pay to the Cooper and Tanner Client Account the deposit of 10% of the purchase price within 24 hours of the auction. The account details will be provided to the successful bidder on conclusion of the auction. Once funds are cleared, they will be transferred on to the account of the solicitor acting for the seller. Please ensure that funds are in an account suitable to be able to make an Electronic Transfer from.SolicitorsChubb Bulleid, WellsLaura Maden actingTelephone: 01749 836 100Local Council: Somerset Council. Telephone: 0300 123 2224Drainage Rates: None.Services: Potential purchasers are advised to make their own enquiries into the adequacy and availability of any services.Tenure: Freehold subject to leases. VAT: The purchase price is not subject to VATCompletionCompletion has been set for 23rd May 2024 or earlier by arrangement.Viewing: Strictly by appointment only. Please contact 01458 834 (option 2) for available viewing dates.