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Lot - 19 Bridge Street, Boston, Lincolnshire, PE21 8QF Auction Lot £85,000+ - Auction Estates

Next Auction

08 October 2020

19 Bridge Street, Lincolnshire, PE21 8QF

Guide Price: £85,000+


Sold
£100,000

Key Features

  • Mixed use freehold property close to Market Place
  • Cafe and flat both fully let producing £11,700 per annum
  • Prominent position off High Street
Draft Details Only

Freehold four storey mixed use property comprising ground floor cafe with 2 bed apartment above. Let and producing £11,700 per annum

• Mixed use property within walking distance of the Market Place
• Ground floor café let at £6,000 per annum
• 2 bed flat across three floors let at £5,700 per annum
• 2 double bedrooms with further box room on 3rd floor
• Flat accessed from a stairway to the rear of the property
• Prominent position off the High Street
• Close to town centre amenities

VAT

Interested parties should refer to the Special Conditions of Sale for confirmation of whether VAT is applicable to the sale price.

Viewings

Please contact Auction Estates on 0115 7844 600

Important Notices

Fees

For each lot, a Buyers Fee of £1,200 +vat is payable to Auction Estates where the lot value exceeds £10,000, the Buyers Fee is £600 +vat.

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 leases of both the cafe and flat to the same tenant. Cafe is let on a 6 year lease from 01.07.2017 at £500 PCM, flat is let at £475 PCM from 01.06.2017.

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