Langtree House, 1240 Evesham Road, Redditch, B96 6AA
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£150,000+
Mixed Use
5
Key Features
- Freehold mixed use development investment
- Comprises 3 x commercial shops and 5 x flats above
- Total combined rent of £16,684 pa
Part of the
16 June 2022
auction
The Nottingham Racecourse
at
2.30PM
Freehold mixed use investment comprising three shops with a combined rent of £16,684 pa and 5 flats (sold off) but benefitting from the ground rent income of £634 pa in the affluent and picturesque village of Astwood Bank
- Freehold mixed use investment
- Situated in an affluent and picturesque village
- Located on the main high street through the village
- Close proximity to all schools and ameneties
- On street parking to the front
- Circa 5 miles south of Redditch & 17 miles from Worcester
- Comprising 3 x shops, all let
- Astwood Bakery let at £5,500 pa
- David Sanders (flower shop) let at £4,850 pa
- Manor wines let at £5,700 pa
- Benefits from the Ground Rent of 5 x flats above
- Total combined ground rent for 5 flats is £634 pa
- The total rent for the development is £16,684 pa
- Ideal opportunity for investors
Please contact Auction Estates on 0115 7844 600
Fees
A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Freehold, subject to: 5 x flat ground rents - £634 pa Astwood Bakery let at £5,500 pa on a new 3 year lease David Sanders (flower shop) let at £4,850 pa Manor wines let at £5,700 pa Total combined rent - £16,684 pa
Refer to Legal Pack
Email: nathan.edwards@gentlemathias.com
Telephone: 0207 631 1811