Lot 49
    Office
    E Tek House
    22 Queen Street, Houghton Regis, Dunstable, Bedfordshire, LU5 5BT
    Sold for £400,000
     
    Number 1
    A Detached Two-Storey Office Building with Side Single Storey Workshop. Fully Let Producing £25,000 per annum. Potential for Conversion from Office to Residential (a Scheme of 5/6 Flats has been Suggested) Subject to Obtaining all Relevant Consents.
    By Order of the LPA Receivers

    Tenure

    Freehold

    Location

    The property occupies a prominent corner plot on a mixed use road very close to Houghton Regis town center. The open spaces of Houghton Hall Park are within easy reach. Transport links are provided by the M1 motorway (J11 & J11a).

    Tenancy
    The property is let on a 25 year FRI lease commencing 1st November 2013 at a rent of £25,000 per annum. First rent review after 3 years, thereafter every 5 years.

    Current Rent Reserved £25,000 per annum

    Exterior

    The property benefits from on site parking for approximately 6 vehicles

    Accommodation (2nd Column)

    Ground Floor
    Reception Office 23.01 sq m
    Ladies WC
    Rear Office 23.62 sq m
    Side Workshop with Kitchen & WC 82.11 sq m

    Total Ground Floor Area 128.34 sq m (1,385 sq ft)

    First Floor
    Open Plan Offices
    NIA 51.03 sq m (549 sq ft)

    Total Floor Area of Building 179.77 sq m (1,938 sq ft)

    Viewing Details

    There are no internal viewings

    Addendum

    Please note that this property is subject to a Buyers Premium of £900 inc VAT. This is in addition to the buyer's admin fee of £900 inc VAT charged by the auctioneers.
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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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