COVID-19 – Important Auction Information
For Sale By Auction | 2:30pm, 08 October 2020 | Lot 33

54 & 54a Market Square, St. Neots, Cambridgeshire, PE19 2AA

*Guide | £210,000+ (plus fees)

  • Mixed Use
  • 2 Bedrooms
  • Tenure: Freehold with flying freehold

Call the team on 01234 362899 for more information

Auction Date

Thu 08/10/2020

Auction Time

2:30pm

Auction Venue

Live Streamed Auction

Viewing Times:

Tue 22 Sep

09:30 - 10:00

Sat 26 Sep

10:00 - 10:30

Wed 30 Sep

09:30 - 10:00

A lock up shop with a separate flat above, located in a prime High Street position in this sought after market town.

This mixed use property comprises a ground floor lock up shop which is situated in a prime position being just off the Market Square, facing onto the High Street and adjacent to a crossing. There is a sizeable retail area with a small store and cloakroom to the rear. Above is a large residential flat which benefits from a separate entrance via a door to the side of the shop. The flat is larger than the shop unit due to it extending over a side passageway. Internally there is a staircase leading to a hallway with a living room, kitchen, bathroom, two bedrooms and a separate W/C.

Tenure

Freehold with flying freehold

Possession:

Subject to a lease under the Landlord & Tenant Act 1954 (10 year unexpired with a break clause at 2 years) and Assured Shorthold Tenancy.

Shop:

Currently trading as a hairdressers and let under a commercial lease with a new 10 year term as of 15/12/19 with a rent review clause in December 2024 generating £16,500 per annum.

Flat:

Let under an Assured Shorthold Tenancy generating £7,800 per annum.

Total Income:

£24,300 per annum.

Open House Viewings - Strictly by Appointment Only- Please phone to be allocated a timeslot within one of the following windows:

Tue 22 Sep: 09:30 - 10:00 Sat 26 Sep: 10:00 - 10:30 Wed 30 Sep: 09:30 - 10:00

Energy Efficiency Rating (EPC)

Current Rating E & C

Services

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

Local Authority

Huntingdonshire District Council - 01480 388 388

Solicitors

Freeths Solicitors, Routeco Office Park, Davy Avenue, Knowlhill, Milton Keynes MK5 8HJ, Ref: Christopher Ainsworth - christopher.ainsworth@freeths.co.uk, Tel: 01908 668555

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 £1,200 incl. VAT.

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