Mixed Use
A mixed-use investment opportunity comprising a retail unit trading as a butchers shop with apartment above plus freeholds for numbers 1-8 known as Saxon Court, located on the High Street, Bidford On Avon, a popular and up market village located in Warwickshire. Current rent passing £12,100 per annum.
The property fronts the high street in a highly prominent location and consists of:
1 Saxon Court - a DOG GROOMING BUSINESS extending approximately 41m2 (441 sqft) held on a lease with a 7 year term with current rent passing £5,500 per annum.
7A Saxon Court - a two-bedroom duplex apartment currently let for £550 per calendar month held on a rolling AST agreement benefitting from a parking space to the rear.
7A Saxon court is accessed via a rear external staircase leading to a walkway giving access to apartments. The property cmprises fitted kitchen, Bathroom, Living room on the first floor. There are two double bedrooms on the second floor.
We advise interested parties to inspect the legal pack for more information regarding the leases.
To clarify the sale is of the freehold (WK399969) 1-8 Saxon Court subject to the Leases etc as set out in the Auction Pack Cover Sheet within the legal pack. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
October 2016 plus 90 years (original 99 years) dated 1984 at peppercorn ground rent.
June 2017 plus 90 years (original 99 years) dated 1984 at peppercorn ground rent.
July 2016 plus 90 years (Original 99 years) dated 1984 at peppercorn ground rent.
Held on 99-year lease dated 1984 (60 years unexpired term) at peppercorn ground rent. Ground rent £50 per annum.
May 2015 plus 90 years(original 99 year) dated 1984 at peppercorn ground rent.
July 2016 plus 90 years (original 99 year) lease dated 1984 at peppercorn ground rent.
January 2018 plus 90 years (original 99 year) dated 1984 at peppercorn ground rent.
To clarify the sale is of the freehold (WK399969) 1-8 Saxon Court subject to the Leases etc as set out in the Auction Pack Cover Sheet within the legal pack. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
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.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers 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 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.
