FOR SALE BY ONLINE AUCTION – 6 WEEKS’ COMPLETION - Mixed use investment comprising a substantial four storey freehold building with ground floor retail unit, commercial store and licensed five room house of multiple occupancy above. Sold subject to existing tenancies and leases currently generating £46,815 per annum, representing a 10.4% gross yield.
Auction date
To be sold by online auction on Friday 27th May 2022, bidding will open at 10.00.
To view
Viewings by appointment only. Please call 01344 753 120 to book at the following times: * Wednesday 18 May at 13.00 * Monday 23 May at 13.00 *
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Location
* Main road location * Periphery of Aldershot town centre * Direct rail service to London Waterloo * M3 access at junction 4 and 4a
Description
* Freehold investment opportunity * Ground floor retail unit, currently let * Commercial store * 5 room licensed HMO * Potential for further extension or development (STPP) * Tenant's business not affected *
99 Victoria Road
Net internal area 1013 sq ft (94.2 sq m) comprising a retail area, changing room, store and toilet.
99A Victoria Road
Comprises:
Lower ground floor
Cellar (not inspected by auctioneer).
Ground floor
Entrance to front and rear, hallway, toilet, store
First floor
Kitchen, bathroom, 2 bedrooms, (one single, one double)
Second Floor
3 bedrooms (all single)
Outside
Parking for approximately 5 cars to rear, accessed via car park in Birchett Road.
EPC rating
99 - C, 99A - E
Tenure
Freehold
Tenancies
* 99 - Let on Full Repairing and Insuring lease for £16,500 per annum for a term of 15 years from 1st November 2016 * 99A - Currently let as 5 rooms with full occupancy on AST's. Current rent £2,293 pcm (£27,516 pax). HMO License no. 19/00489 * Rear store - Let under license for £2,799 per annum * Please see legal pack for further details.
Council tax band
C - Rushmoor Borough Council
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor’s solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Guide prices
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.
Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
C
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
Whether you’re looking to sell or let your property, we can provide you with a free, accurate valuation based on our expert knowledge and the latest trends in your local area.
Call 01344 753120
enquiries@firstforauctions.co.uk
