Retail Property (High Street)
A retail investment and potential re-development opportunity comprising a small parade of four retail units and a vacant parcel of land to the rear extending to approximately 0.2 acres (0.1 hectares) which could be suitable for re-development, subject to consents. Three of the retail units are currently let and producing an annual equivalent rental income of approximately £30,000 whilst the one vacant unit (353 Chester Road) requires extensive refurbishment prior to being suitable for occupation. Two of the tenanted units are let to estate agents with the third being let to a popular cafe / bistro. The site fronts onto Chester Road in Little Sutton with a rear car park and the vacant land being accessed immediately to the left of 345 -347 Chester Road (Karl Tatler Estate Agents).
345- 347 Chester Road: 1,735 Sq.Ft - Let to Karl Tatler Estate Agents on a 10 year lease from 23/12/20 at a rent of £12,000<br><br>349 Chester Road: 927 Sq.Ft - Let to Sequence UK Ltd on a 5 year lease from 1/11/2019 with a new 5 year lease agreed and with solicitors at a rent of £6,000<br><br>351 Chester Road: 1,371 Sq.Ft - Let to Klais Bistro on a 5 year lease dated 24/7/2024 at a rent of £12,000<br><br>353 Chester Road - Vacant
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 £2,400 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.
