A Freehold Investment Comprising a Three Bedroom First Floor Flat Subject to an Assured Shorthold Tenancy Producing £6,000 per annum and a Ground Floor Shop (Sold Off) on a Long Lease.

The property comprises a three bedroom first floor flat situated above commercial premises (sold off) within a mid terrace building arranged over ground and first floors. The property has been recently refurbished and benefits from double glazing.

Location

The property is situated amongst the shops and amenities of Front Street. The open spaces of Eden Park are within easy reach. Transport links are provided by the nearby A693 which provides access to the A1(M) motorway.

Accommodation

First Floor Reception Room Three Bedrooms Kitchen Bathroom

Tenancy

The flat is subject to an Assured Shorthold Tenancy agreement from 22/09/2019 for a term of 6 months at a rent of £500 per month (holding over). The shop is sold off on a 999 year lease at a peppercorn ground rent.

Current Rent Reserved

Current Rent Reserved £6,000 per annum

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

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