A Part Let Commercial & Residential Investment Producing £18,540 per annum

Description

Tenure

Freehold

Location

The property is situated close to the heart of Dunstable town centre. Nearby multiples include KFC and Cash Converters as well as other local traders. The open spaces of Priory Gardens are within walking distance. The M1 motorway (junction 11) is easily accessible.

Exterior

The property benefits from a car parking area to the rear for approximately 3 cars.

Note

We understand that the shop and basement would lend itself to a change of use to residential (subject to obtaining all neccessary consents) as have been done in the immediate vicinity

Description (2nd Column)

The property comprises a ground floor lock up shop along with one studio room, two x one bedroom flats and one x two bedroom flat situated within a mid terrace building arranged over basement, ground and two upper floors. The property has been extended to the rear and benefits from three entrances.

Bold Black Text

Current Rent Reserved £18,540 per annum. Vacant Possession of Ground & Basement Floors.

Accommodation & Tenancy Schedule

Property	Floor	Accommodation	Tenancy Details	Current Annual Rent

51A	Basement	Studio Room	Vacant
51	Ground	Shop	Vacant (formerly let as a Barbers) ERV £550-£600 pcm
	Rear Ground	Kitchen, Bathroom with WC & wash basin
51B	Rear Ground	Reception Room, Bedroom, Kitchen, Bathroom with WC and wash basin	Let on an AST expiring on 30/06/14 at a rent of £500 pcm	£6,000
51C	First	Reception Room, Two Bedrooms, Kitchen, Bathroom with WC and wash basin	Let on a periodic tenancy at a rent of £550 pcm	£6,600
51D	Second	Reception Room, Bedroom, Kitchen, Bathroom with WC and wash basin	Let on an AST expiring on 30/06/14 at a rent of £495 pcm	£5,940

Additional Fees and Disclaimer

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.

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. 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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