*** AUCTION PROPERTY *** For sale by Modern Method of Auction, Starting Bid Price £125,000 plus Reservation Fee.
A rare opportunity to purchase a spacious ground floor commercial unit and superb two bedroom flat above with single garage to rear. Both properties are currently let and this is an IDEAL OPPORTUNITY FOR AN INVESTOR looking for a long term return. On the ground floor there is Paul's Hairdressers, a long term tenant, recently signed up to a new lease (a copy available upon request). The main features include a generous front main hir salon (24'6" x 15'6") with rear kitchen area and separate WC and access to yard. On the first floor there is a spacious two bedroom flat with modern kitchen and bathroom fittings. Tremendous opportunity available.
The current rental income for the shop is £550 per month and £52 per month for the garage. The flat is £530 per month.
The property is for sale by The Great North Property Auction powered by iam-sold Ltd, tel: 0845 5193 126, www.gnpa.co.uk.
AUCTION This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance.
NON-REFUNDABLE RESERVATION FEE Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee of 4.5% subject to a minimum of £6,600 INCLUDING VAT which secures the transaction and takes the property off the market.
ACKNOWLEDGEMENT OF RESERVATION FORM The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Legal Pack which can be downloaded for free from The Great North Property Auction at: http://www.gnpa.co.uk.
Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to the Modern Method of Auction, which is operated by The Great North Property Auction by iam-sold Ltd.
TO VIEW OR MAKE A BID To arrange a viewing contact Cooke & Co Estate Agents.
To make a bid visit: http://www.gnpa.co.uk.
For more information please tel: 0845 5193126.
NO 9 GROUND FLOOR
Hairdressing Salon 24'6" x 15'6" (7.47m x 4.72m). Beautifully fitted out hairdressers salon.
Additional Salon Photo
Additional Salon Photo
Rear Room/Kitchen 19' x 5'3" (5.8m x 1.6m).
Separate WC Low level WC.
Rear Access
External Shared yard to rear.
NO 9A FIRST FLOOR FLAT
Entrance Lobby Stairs off to first floor.
Landing
Lounge 16' x 11'8" (4.88m x 3.56m). Situated to the front of the property with double glazed window, fitted blind, TV point.
Kitchen 10'8" x 10'2" (3.25m x 3.1m). Good size square kitchen with range of wall and floor units, stainless steel single drainer sink unit, built in stainless steel oven and extractor, central beating boiler, double glazed window, radiator.
Front Bedroom One 10' x 7'2" (3.05m x 2.18m). Double glazed window, cornicing, radiator.
Rear Bedroom Two 15' x 14' (4.57m x 4.27m). Large double bedroom with TV point, double glazed window, radiator.
Bathroom/WC Low level WC, pedestal wash hand basin, panelled bath, splash tiling, shower attachment, double glazed window with roller blind.
External Shared yard to rear.
Single garage.
Tenure Freehold
Council Tax Shop - Council Tax Band TBC
Flat - Council Tax Band A
Location Map
Energy Performance Certificate EPC Rating D
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