High yielding commercial investment comprising tenanted lock up shop let at £6,000 per annum
Situated at the top of Market Street this is a double width shop unit occupying the ground floor of a Grade II Listed terrace property. Totalling approximately 36 sqm the unit has been divided by the current tenant to create a shop and storage area with secondary entrance. Currently let at £6,000 per annum this is a high yielding investment property offering a gross annual yield of 12% based on the guide price.
The property is sold subject to an existing 3 year tenancy let at £6,000 per annum with approximately 2 years left to run. We understand that this is the tenants second 3 year tenancy.
The property has a rateable value of £7,000 per annum
Tuesday 16th July at 1.00pm - 1.15pm
For sale by auction
On Tuesday, 30th July 2019 at 7.00pm at Ashton Gate Stadium, Winterstoke Road, Bristol BS3 2LQ Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding.
A full auction legal pack can be downloaded from www.auctionhousebristol.co.uk once available. For further information on the other lots in this auction please visit the website.
Energy Efficiency Rating (EPC)
Current Rating E
Birketts LLP, 141-145 Princes Street, Ipswich, IP1 1QJ, Ref: David McLaughlin, Tel: 01473 299132
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 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.