Part Tenanted – Two Retail Units & Self-Contained Two Bed Flat

Mid terrace two storey building which briefly comprises two ground floor retail units and a self-contained two bed flat above. The right-hand retail unit also benefits from basement storage. Tenancy The retail unit to the left is currently let to a beautician on an informal agreement at a rent of £155 per week (£8,060 pa). The rent includes contributions to water and electric. The other retail unit and flat is currently owner occupied and will be vacated upon completion unless otherwise agreed. When fully let the property has the potential to generate a rental of c£25,000pa. Accommodation Ground Floor LHS – unit beauticians with kitchenette and WC RHS – beauticians with rear treatment room, kitchen, WC and access to basement cellar storage Rear entrance to flat First Floor Living room with kitchen off, two bedrooms and bathroom The first floor flat has recently been re-wired and fitted with new electric wall heaters. Location Prominently situated at the junction of Watery Lane and Strand Road close to Preston Docks. Tenure: Freehold Title number: LAN140196 Length of Lease/Term: Ground Rent : £ Service Charge: £ Council Tax Band : Local Authority:Preston Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Freehold

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating Shop - D, Flat - D

Local Authority

Preston City Council

Additional Fees

Administration Charge - 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.