Commercial Property
Please note that no offers will be accepted prior or post to the Auction.
The property will be sold on the understanding that the 10% deposit must be paid by a Banker’s Draft made payable to CPBigwood Ltd. No other means of payment will be accepted and failure to do so will result in the property being re-offered for Sale.
In addition to the purchase price, the purchaser will be required to pay the Council’s professional fees of £2,000.
A 19th Century 2/3 storey brick and slate industrial investment building, located in a commercial area close to the City Centre. The premises are being used as a small business centre and has been divided into 12 small business units, one of which is a café. The units have a net lettable area of some 687.48 sq.m. (7,397 sq.ft.) or thereabouts, arranged around a central courtyard. Adjoining the premises is car parking for some 12 vehicles.
Commercial Investment
A Leasehold 19th Century Industrial Investment Property
Current Gross Rental: £6,346 per annum with Potential to increase the rental return
We understand that the property is Leasehold for some 60 years from 25th March 1985, with approximately 31 years unexpired, at a Ground Rent of £3,000 per annum subject to 5 year reviews. The property will be sold with the benefit of the existing tenancies.
See viewing schedule.
