The Shop
Door leading through to ...
Shop Front 6.02m x 4.32m (4.32m x 6.02m)
Open plan in two areas with windows to the front.
Further Area 4.11m x 4.1m (4.1m x 4.11m)
Open doorway leading to ...
Room One 6.27m x 3.76m (3.76m x 6.27m)
Door to room two, door to kitchen.
Kitchen 2.97m x 2.44m (2.44m x 2.97m)
Range of high gloss wall and floor mounted storage units, roll top work surfaces, sink and drainer unit, tiling above worktops. Open doorway leading to ...
Rear Hallway
Additional sink and drainer unit, uPVC double glazed opaque door giving access to the rear.
WC
High gloss wall unit, WC.
Room Two 2.82m x 1.6m (1.6m x 2.82m)
Open doorway to ...
Room Three 2.95m x 1.75m (1.75m x 2.95m)
uPVC double glazed opaque window to the side.
Communal front door to
Communal hallway and stairs rising to the Barbers.
Barbers 7.65m x 3.43m (3.43m x 7.65m)
Dual aspect with uPVC double glazed window to rear and two uPVC double glazed windows to the side. Access to loft space. Two storage cupboards. Worksurface with barbers sink.
Required Information
Tenure : Freehold (This is for the whole building 51 - 53 Lower Fore Street and forms part of the sale).
Income :
Ground Floor Shop : Vacant. Previous income £6,600 per annum - £550 per month whilst occupied.
Barbers : £3,000 per annum - £250 per month
Lease : From 20/01/2023 - 20/01/2024
Ground Rent : For first and second floor flat 53 Lower Fore Street : £100 per annum
Business Rates for 53 : £6,200 PA
The first and second floor flat 53 Lower Fore Street is owned separately and is on a 99 year lease from 25/03/2023.
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This property is being sold by conditional online auction and a non-refundable reservation fee of £5000 or 3.5% + VAT applies, whichever is the greater (in addition to the purchase price). If you are the successful bidder, you will be charged the amount of £5,000 + VAT (£6,000) or 3.5% +VAT, whichever is the greater, which will be processed online, immediately at the end of the auction, only if you are the successful bidder. You will then have 20 working days within which to exchange contracts, and a further 28 days to complete the purchase.
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Terms and conditions apply to the modern auction method of sale, which is operated by Bradleys Property Auctions.
Definition of a Guide Price and a Reserve Price:
Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve Price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. Bids may be accepted by the system but the property will not sell if the bidding does not reach the reserve. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
