Next auction Thursday 25th April 2.30PM

Unit 2, 42/44 Fleet Street, Torquay, Devon, TQ2 5DW



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Guide price

£190,000


Property Type

Commercial


Key Features

  • Retail Investment let to Snappy Snaps.
  • Rent: £19,000 pax.
  • Adjacent to William Hill and Cornish Bakery.
  • Let on a 10 year lease from 2013

Part of the 14 March 2017 auction
Nottingham Racecourse at 2.30PM

Ground floor investment property let to Snappy Snaps on a 10 year lease from 2013 at a rent of £19,000 pax.

Contact Paul Giles (0115) 7844600

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.

Leasehold - Virtual Freehold (999 yrs) at a peppercorn rent. The property is let to Snappy Snaps for a term of 10 years from 24th June 2013 at a rent of £19,000 pax. The lease is subject to a tenant only break option in June 2018.

TBC

Email: michael.bonehill@edwardsduthie.com
Telephone: 0208 514 9000

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