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37 and 37A High Street, Rushden NN10 0QE

Lot no: 34 Sold Prior to Auction
 

Guide Price £100,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 26th January 2023

10.00am
Key Features
  • Mixed use investment (High Street)
  • Current rent £5750 with potential for circa £15,000 fully let
  • Two seperate buildings included
  • EPC Ratings: D and F
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Sold Prior to Auction

Mixed Use

Property Description:

A mixed-use investment opportunity comprising a retail unit trading as a florist along with separate residential dwelling.

Current rent passing is £5,750 per annum for the florist with scope to let the residential dwelling for circa £9,000 per annum giving a potential income of £14,750pa

37A High Street (Florist) has a rent passing of £5,750per annum extending 568 square feet and comprises a single storey commercial unit accessed an archway entrance from the High street

37 High Street is a vacant two storey building extending 1431 square feet in need of renovation with dedicated entrance.


The properties are located in Rushden centre and accessed off the High Street.

Rushden Lakes and open countryside are all within walking distance. The A6 and A45 are easily accessible providing routes to larger towns including Wellingborough and Bedford, both with direct railway lines to London St Pancras.

We advise interested parties to inspect the legal pack for more information.

Note

These sales details are awaiting vendor approval.

Note

Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Tenure:

Freehold. Subject to tenancy.



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 (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms.


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 £1074 inc. VAT

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

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.

Guide Price & Reserve Price

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.