Mixed Use
A superb opportunity to purchase a large, three storey mixed use property which is currently part let. To the ground floor is a large retail shop premises which was formerly occupied by Bargain Booze and which still holds a premises license for the sale of alcohol. Here is a 2/3 bedroom duplex apartment arranged over the first and second floors. The apartment is self-contained and each unit has its own meters and utility supplies.
The property is in good order throughout and benefits from GCH and uPVC double glazing.
Situated in the busy centre of Rushden town a long side both local and national brands. A busy street with plenty of footfall and a large residential population.
A great opportunity for business owners or perfect addition to any property portfolio.
Apartment- Let at £6000 per annum.
Shop – Currently vacant. Estimated Rental income for the shop is £14,000 per annum, previously rented for £14,250 per annum.
Estimated rental income when fully let £20,000 per annum giving a great return of 10%
In more detail;
With large display window to the front aspect. Ample storage some of which could be used as mre retail sales space.
The apartment is bright and airy and has a modern boiler along with a modern kitchen and bathroom, GCH and uPVC double glazing.
Enclosed rear yard and garden area with patio and lawn. Potential for parking in rear yard
Freehold. Part let/part vacant.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.
