Auction House London

Lot 35

Retail Property (high street) - Commercial Property 

7-8 High Street

Wisbech, Cambridgeshire, PE13 1DB

Sold for £130,000.

A Mixed Use Building Arranged to Provide a Lower Ground and Ground Floor Shop and Two Self-Contained Flats (Both Sold Off on Long Leases) Producing a Combined Income of £15,250 Per Annum

Description

The property comprises a mid terrace building arranged to provide a lower ground and ground floor shop and two self-contained flats on the first and second floors (sold off).

Tenure

Freehold

Location

The property is situated on a mixed use road close to local shops and amenities. The open spaces of Wisbech Park are within easy reach. Transport links are provided by the A47 to the south.

Accommodation

Lower Ground Floor
Shop Area
WC

Ground Floor
Shop Area

First and Second Floors
Two Flats (Not Inspected)

Tenancy

The shop is subject to an FRI lease for a term of 5 years commencing 22nd July 2022 at a rent of £15,000 per annum. There is a tenants break in 2025.

Royal Mencap Society is a registered charity and leading voice of learning and disability and currently operate 45 charity shops.

The flats are sold off on a 999 year lease from 15th June 2010 at a ground rent of £250 per annum.

Note

Approximate GIA: 3,145 Sq Ft

EPC Rating

E

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about 7-8 High Street, Wisbech, Cambridgeshire, PE13 1DB

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