Lot 93
    End of Terrace
    7 Horncastle Road
    Boston, Lincolnshire, PE21 9BN
    Please refer to auctioneer for more information
     
    Number 1
    An End of Terrace Commercial Building. Subject to a Lease at £4,800 Per Annum However the Tenants have Ceased Trading

    Description

    The property comprises an end of terrace commercial building arranged over ground and two upper floors.

    Tenure

    Freehold

    Location

    The property is situated on a mixed use road close to local shops and amenities. The open spaces of Central Park are within easy reach. Transport links are provided by Boston rail station.

    Accommodation

    Ground Floor
    Retail Area
    Store Room

    First Floor
    Store Room
    Kitchen
    WC

    Second Floor
    Not Inspected

    Planning

    We understand that there is lapsed planning permission to convert the property into a two bedroom house.

    Tenancy

    The property is subject to a lease for a term of 24 months from 16th August 2021 at a rent of £4,800 Per Annum. We are advised that the tenants have ceased trading and are not paying rent. We understand they would look to surrender their lease and provide vacant possession however, this will not be concluded prior to the auction and interested parties must rely on their own enquiries.

    Note

    The property has not been inspected by Auction House London. All information has been supplied by the vendor.

    Addendum

    The property is subject to a lease however we have been advised that the tenants have ceased trading and are not paying rent. We understand they would look to surrender their lease and provide vacant possession however, this will not be concluded prior to the auction and interested parties must rely on their own enquiries.
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    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.

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