Situated on the corner of St. Radigunds Street and Knotts Lane is this freehold investment comprising a ground floor shop (currently trading as Computer Corner) with the tenant having been in occupation since 1997. The first floor flat (known as 1 Knotts Lane) has been sold on a long lease.
Ground Floor Commercial Double frontage shop with central door leading to main retail area, rear stock/store room and W.C. Tenancy Let on a three-year lease from 23rd January 2018 at a current rental of 8,400 per annum.
Viewing Ground floor shop only. Viewing is strictly by prior arrangement with the Auctioneers.
1 Knotts Lane - First Floor Flat Tenure Sold on a 99-year lease, from 25th March 1983, at a current ground rental of 1 per annum, rising to 200 per annum from 25th March 2046 until 24th March 2079, rising again to 300 from 25th March 2079 to the end of the term.
EPC Rating B (34). Floor area 43 sq.m.
Commercial EPC: B
Important: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Price Information *Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/
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