For Sale By Auction | 2:30pm, 04 December 2019 | Lot 2

38 A, B, C West Street, Dunstable, Bedfordshire, LU6 1TA

*Guide | £250,000+ (plus fees)

  • Mixed Use
  • 2 Bedrooms
  • Tenure: Freehold

Call the team on 01234 362899 for more information

Auction Date

Wed 04/12/2019

Auction Time

2:30pm

Auction Venue

Venue 360 - 20 Gipsy Lane, Luton LU1 3JH

Viewing Times:

Thu 21 Nov

10:00 - 10:45

Sat 23 Nov

10:00 - 10:45

Thu 28 Nov

10:00 - 10:45

A well located property comprising of two ground floor retail units and two first floor one bedroom apartments.

This mixed use property is centrally located in Dunstable town centre and comprises two ground floor retail units and two first floor one bedroom apartments, the apartments having private rear access. All of the units are currently let providing an annual income of approximately £23,940 per annum, rising to £25,740.

Tenure

Freehold

Ground Floor - Two Shops:

38 - Shop area 260 sq.ft, staff room, W.C and a basement 120 sq.ft. 38A - Shop area 120 sq. ft, storage area 35 sq.ft and W.C. Dimensions approximate.

First Floor - Two Apartments:

38B- Entrance hall, open plan living/dining/kitchen room and bedroom with en-suite shower room. 38C - Entrance hall, sitting/dining room, kitchen, bedroom and bathroom.

Rental Income:

38 - Lease 5 years from 9th September 2019 at £5,000 for first year rising to £6,000 per annum from 9th September 2020. 38A - Lease 5 years from 1st September 2018 at £5,200 per annum increasing to £6,000 per annum from 1st September 2021. 38B - Assured Tenancy Agreement at £5,940 per annum. 38C - Assured Tenancy Agreement at £7,800 per annum. Total current income: £23,940 per annum rising to £25,740.

Outside:

Courtyard area which is paved with seating and drying area for the apartments.

Listing:

The building is Grade II Listed. Listing No: 1200356.

Open House Viewings:

Thu 21 Nov: 10:00 - 10:45 Sat 23 Nov: 10:00 - 10:45 Thu 28 Nov: 10:00 - 10:45

Energy Efficiency Rating (EPC)

Current Rating E, E, C, C

Services

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

Local Authority

Central Bedfordshire Council - 0300 300 8301

Solicitors

HCB Park Woodfine, 1 George Street West Luton, Bedfordshire LU1 2BJ, Ref: Bernard Tomlin - bernardtomlin@hcbgroup.com, Tel: 01582 720175

Additional Fees

Buyer's Premium - There is no Buyer's Premium payable on this lot.

Administration Charge - Purchasers will be required to pay an administration fee of £900 incl. VAT.

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