For sale via secure sale online bidding - terms and conditions apply.
An excellent opportunity to acquire Shadwell House, a well-presented and generously proportioned two-storey commercial building extending to approximately 2,188 sq ft (203 sq m), complemented by a private car park offering valuable off-street parking.
Situated in a convenient and accessible location, the property is currently occupied by a long-standing tenant whose lease has expired. The tenant is keen to remain and has expressed willingness to enter into a new 10-year lease. However, the vendor, due to personal circumstances, is not in a position to commit to a new term and is offering the property with vacant possession.
To facilitate this, a buyout arrangement has been agreed with the tenant for the sum of £44,000, equivalent to two years’ council tax (£22,000 per annum). This cost is in addition to the purchase price and would enable a clean break should the buyer wish to occupy or re-let.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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