Next auction Thursday 15th August 2.30PM

33-35 St. Sepulchre Gate, Doncaster, DN1 1TD



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Guide price

£350,000


Property Type

Commercial

Bedrooms

2


Key Features

  • Freehold three storey town centre commercial investment fully let and producing £64,000pa reflecting a gross yield of 18.3%
  • Ground floor let to Vision Value Opticians and upper floors let to Coral Bookmakers
  • Located on the main high street opposite the French Gate Centre and adjacent to Coop Bank, Café Nero, TK Maxx and Savers etc

Part of the 18 June 2020 auction
Nottingham Racecourse at 2.30PM

Freehold three storey town centre commercial investment property consisting of part ground floor, part basement and first floor opticians and part ground floor, part basement and second floor flat bookmakers. Fully let and producing £64,000 pa reflecting a gross yield of 18.3%

  • Freehold three storey town centre commercial investment
  • On the main high street opposite the French Gate Centre
  • Adjacent to Coop Bank, Café Nero, TK Maxx and Savers etc
  • Vision Value Opticians - part GF, part basement and first floor
  • Let on completion at £28,500pa
  • Coral Bookmakers - part GF, part basement and SF flat
  • Let from June 2016 at £35,500pa with no breaks or reviews
  • Self contained ground floor shop entrance from the high street
  • SF 2 bedroom flat falls within bookmakers lease
  • The building is listed. Both leases on effective FRI terms
  • Total income - £64,000 reflecting gross yield of 18.3%

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 occupational tenancies: 33 - Part GF, part basement & first floor - Vision Value opticians on a 10 year lease from completion at £28,500pa 35 - Part GF, part basement and second floor - Coral Bookmakers on a 10 year lease from June 2016 at a current rent of £35,500pa with no breaks or reviews remaining

Email: dch@hethersons.co.uk
Telephone: 01423 222 995

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