Lot 80 - 13 Market Street, Cinderford, Gloucestershire, GL14 2RT
Lot 80 - 13 Market Street, Cinderford, Gloucestershire, GL14 2RT
Guide Price* : £225,000+
- Unconditional Online Auction Sale
Mixed-Use Investment
Description
ONLINE AUCTION from 23rd JUNE - 25th JUNE
A mixed-use investment property occupying a prominent position within Cinderford town centre. The property comprises a ground floor retail unit together with a self-contained first floor residential flat and additional storage accommodation to the rear.
The ground floor retail premises is let to Wyedean Healthfoods Ltd producing £18,200 per annum. The self-contained residential flat is accessed separately and currently produces £14,560 per annum, providing a combined income of £32,760 per annum.
To the rear of the property is vehicular access together with two garages, which may offer potential for storage purposes or additional rental income, subject to the purchaser's requirements.
The property offers an attractive investment opportunity with established income streams from both the commercial and residential elements. There may also be scope to increase income through asset management initiatives and the utilisation of the rear garages and storage areas.
Tenancies
To be sold subject to the existing tenancies
Tenure
Advised Freehold - to be verified by solicitor
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* 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.
Guide Price* : £225,000+
- Unconditional Online Auction Sale
Mixed-Use Investment
Viewing
Paul Fosh Auctions
Office Contact
James Hollingsworth
Documents
Legal Documents
Log in to view legal documentsAuction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
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.