16 Church Street, Cleobury Mortimer, Kidderminster, DY14 8BX
£95,000+
Commercial
Key Features
- Invesment opportunity producing £12,000 per annum
- Comprising two shops fully let
- Both shops well presented
Part of the
21 June 2018
auction
Nottingham Racecourse
at
2.30PM
Investment opportunity comprising two shops, fully let & producing £12,000 per annum.
- Prominent position in the retail centre of Cleobury Mortimer
- Roadside parking along Church Street
- Shop let to Spire Hairdressers approx. 67,79 sq m (730 sq ft)
- Hairdressers EPC: F
- Shop let to Cleobury Opticians approx. 76,93 sq m (828 sq ft)
- Opticians EPC: B
- There is a basement are beneath part of the opticians shop
- Both shops are well presented
- An ideal investment opportunity
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 the tenancy agreements on both shops which are reported to be let at £6,000 per shop (£12,000 in total). The four flats above known as Corbett House have been sold off on long leases, subject to Ground Rents.
Email: ellen.crabtree@tltsolicitors.com
Telephone: 0333 006 1231