Auction House London

Lot 89

Mixed Use - Commercial Property 

195 Ribbleton Lane

Preston, Lancashire, PR1 5DY

Withdrawn Prior

A Commercial & Residential Investment Producing £4,560 per annum (with a potential Income of £9,120 per annum).

Description

The property comprises a mid terrace mixed use building arranged over ground and first floors providing a ground floor lock up shop with a first floor one bedroom self-contained flat.

Tenure

Freehold

Location

The property occupies a prominent position along a primary parade of shops in Ribbleton. Other occupiers include William Hill and numerous local established traders. Transport links are provided by Preston rail station.

Accommodation

Ground Floor
Office Area
Kitchen Area
Separate WC & wash basin

First Floor
Reception Room
Bedroom
Kitchen
Bathroom with WC & wash basin

Tenancy

The property is subject to an Assured Shorthold Tenancy for a term of 12 months commencing February 2019 at a rent of £380 per calendar month.
We understand that the seller (currently in occupation) is happy to sell with either vacant possession or to sign a lease for the commercial element at a rent of £4,560 per annum. This would increase the rent from £4,560 to £9,120 upon completion.

Joint Agent

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their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction.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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Open House Viewings To Be Confirmed
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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