Mixed Use
Property Description:
A mixed use investment opportunity comprising a ground floor retail unit and a separately accessed one bedroom first floor flat, located on St Asaph High Street. The ground floor was previously used as a bookmakers but now offered with vacant possession and extends to approximately 61 Sq.M (656 Sq.Ft) whilst the first floor flat is let at £344pcm equivalent to £4,128p/a but would benefit from refurbishment. We believe the ERV of the building once fully let to be in the region of £12,000p/a.
The property fronts onto High Street (A525) in St Asaph in a mixed retail and residential location. Neighbouring commercial occupiers include offices, cafe's and convenience stores.
Ground floor
61 Sq.M / 656 Sq.Ft
First floor
Tenure:
Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Multi lot timed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 1.8% of the purchase price (subject to a minimum of £1,500 inc. VAT)
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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding 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.
