Lot 108
    Mixed Use
    260 Ferndale Road
    Swindon, Wiltshire, SN2 1HB
    Withdrawn Prior to Auction
     
    Number 1
    A Mixed Use Investment Producing £18,000 p.a. Comprising an End of Terrace Building Arranged as a Ground Floor Shop & Three Bedroom Self-Contained Flat above with a Rear Garage & Side Store. Offered with Potential for Redevelopment (subject to obtaining all relevant consents).

    Location

    The property is located on a tertiary parade in Swindon. Nearby multiples include TK Maxx, McDonalds, Tesco Extra and numerous local established traders. Transport links are provided by Swindon rail station.

    Note (2nd Column)

    The tenants have been in occupation for 7 years and we understand from the vendor that they would like to renew their lease for another 10 years. All leases are currently holding over.

    Viewing Details

    Open House Viewings:
    Tuesday 4th July 12:00 – 12:30
    Wednesday 5th July 12:00 – 12:30
    Thursday 6th July 12:00 – 12:30
    Tuesday 11th July 12:00 – 12:30
    Wednesday 12th July 12:00 – 12:30
    Thursday 13th July 12:00 – 12:30
    Tuesday 18th July 12:00 - 12:30

    Addendum

    Amended Guide Price: £180,000+

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Terms of Tenancy Current Annual Income
    Shop Ground Shop Area, WC with wash basin 24 month FRI Lease from 8.11.14 at £600 pcm £7,200
    260A First Reception Room, Three Bedrooms, Kitchen, Bathroom with WC & wash basin 6 month AST from 1.6.14 at £600 pcm £7,200
    Garage Ground Rear Storage Area 36 month AST from 1.7.11 at £200 pcm £2,400
    Store Ground Side Sotrage Area 36 month FRI Lease from 1.7.11 at £100 pcm £1,200
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    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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