A Freehold Investment Comprising a Three Bedroom First Floor Flat Subject to an Assured Shorthold Tenancy Producing £6,000 per annum and a Ground Floor Shop (Sold Off) on a Long Lease.

Description

The property comprises a three bedroom first floor flat situated above commercial premises (sold off) within a mid terrace building arranged over ground and first floors. The property has been recently refurbished and benefits from double glazing.

Location

The property is situated amongst the shops and amenities of Front Street. The open spaces of Eden Park are within easy reach. Transport links are provided by the nearby A693 which provides access to the A1(M) motorway.

Accommodation

First Floor
Reception Room
Three Bedrooms
Kitchen
Bathroom

Tenancy

The flat is subject to an Assured Shorthold Tenancy agreement from 22/09/2019 for a term of 6 months at a rent of £500 per month (holding over). The shop is sold off on a 999 year lease at a peppercorn ground rent.

Current Rent Reserved

Current Rent Reserved £6,000 per annum

Additional Fees

Administration charge: £1,200 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.

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Open House Viewings: For further information, please register for the legal pack. For all enquiries, please contact Puja Rawal at puja@auctionhouselondon.co.uk

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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