Auction House London

Lot 60

Terraced - Houses 

16-17 Osborne Street

Colchester, Essex, CO2 7DP

Sold for £129,000.

Two Inter-Linked Terraced Houses Currently Arranged as a Mini Cab Office with Ancillary Rooms Above Let on a Short Term Commercial Lease Producing £5,000 per annum

By Order of the Executors

Description

The property comprises two inter-linked terraced houses arranged over ground and first floors. The property requires a full program of refurbishment. Tenancy The property is subject to a Short-Term Commercial Lease for a term of 12 months at a rent of £416.66 per calendar month. The landlord can give 1 month's notice to vacate.

Tenure

Freehold

Location

The property is situated on a mixed use road in the heart of Colchester town centre. Nearby multiples include Gala Bingo, Londis & Subway. Transport links are provided by Colchester Town rail station which is just a minute's walk away.

Accommodation (2nd Column)

Neither building has been inspected by Auction House London. We understand that the properties are internally laid out as follows:

No 16
Ground Floor
Two Rooms
Separate WC

First Floor
Two Rooms

No 17
Ground Floor
Two Rooms
Separate WC

First Floor
Two Rooms

Viewing Details

Please refer to us directly on: 0207 625 9007/ info@auctionhouselondon.co.uk

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.

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their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction.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 16-17 Osborne Street, Colchester, Essex, CO2 7DP

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