FOR SALE BY AUCTION Ending Friday 3rd October 11am. FREEHOLD building with Cafe and one bedroom flat. Central location. Great Investment Opportunity. For sale with ongoing lease to the cafe plus a vacant flat. Potential for combined rent of at least £1,200 pcm.
Information - The property is a freehold two storey detached building situated within the Town centre with prominent High Street frontage, close to shops and facilities. The whole building extends to approx. 100.2 sq.m/1,078 sq.ft. FOR SALE with an ongoing lease to a long established cafe, to the ground floor, paying £712.83 pcm and a one bedroom flat to the first floor which is currently vacant but has previously always been occupied and is in a high demand area. The flat renovated to a good standard has the potential to rent for at least £500-£550pcm making this a perfect investment with the potential of a combined rental income of at least £1,200 pcm.
The property is only being sold via online auction to attract serious, proceedable buyers only.
For Sale By Online Traditional Auction - This property is being sold via ONLINE TRADITIONAL AUCTION: Please visit the Screetons website and click ''menu' then 'Online Auction'. Click on the property. In order to bid click 'Register' and do the following via the 'dashboard': • Register (verify your email) • Join the watchlist • Pass an ID check • Enter your payment details
Once you have registered you can view the legal pack.
BIDDING ENDS ON Friday 3rd October 11am.
FEES/COSTS INVOLVED; Quite simply should you be the successful bidder, you will be charged £5,000 at the end of the auction, which is split between a buyer fee (£3,960) and part payment of the purchase (£1,040). You will also pay £355 for reimbursement of search fees to the seller. By 12noon the following day you will then pay the remainder of the deposit (being 10% of the purchase price less the part payment of £1,040 already paid).
You will then have up to 20 working days to complete. Please contact the branch for further clarification.
Cafe -
Cafe Seating Area - 7.41m x 4.40m maximum. (24'3" x 14'5" maximum.) - Front and two side facing single glazed windows and single glazed entrance door. Three radiators. Serving area with access into the kitchen.
Kitchen - 4.40m x 2.91m (14'5" x 9'6") - Side facing single glazed window. Fitted with a range of wall and base units with stainless steel worksurfaces, double stainless steel sink and an additional stainless steel hand washing sink. Cooking extractor fan. Radiator. Wall mounted gas combi central heating boiler (new 2024).
Outside W.C - 1.88m x 0.86m (6'2" x 2'9") - Access from the rear of the building. Fitted with a white wash hand basin and w.c. Radiator.
First Floor Flat -
Entrance Lobby - Rear timber entrance door. Staircase leading to the first floor.
Landing - Rear facing circular window and side facing timber double glazed window. Doors off to all rooms. Radiator.
Lounge - 4.40m x 3.81m (14'5" x 12'5") - Front and side facing UPVC double glazed sliding sash windows. Radiator. Timber fire surround with electric fire.
Kitchen - 3.92m x 1.52m (12'10" x 4'11") - Side facing UPVC double glazed sliding sash window. Fitted with a range of wall and base units with laminate worksurfaces incorporating a stainless steel sink with tiled splashbacks. Plumbing for washing machine. Wall mounted has combi central heating boiler. Radiator.
Bedroom One - 3.59m x 3.35m (11'9" x 10'11") - Side facing UPVC double glazed sliding sash window. Radiator.
Bathroom - 1.91m x 1.71m (6'3" x 5'7") - Fitted with a white suite comprising of a panelled bath, pedestal wash hand basin and w.c. Radiator.
Energy Performance - The ground floor cafe is EPC rated C with the first floor flat EPC rated E.
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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