Lot 89 - 58-62 Bush Street, Pembroke Dock, Dyfed, SA72 6DE
Guide Price* : £60,000+
- Unconditional Online Auction Sale
Lot 89 -
Description
ONLINE AUCTION from 1st September-3rd September
Accommodation
| Property | Description | Lease | Income |
|---|---|---|---|
| 58 Bush Street | Newsagents | Let on a 10-year commercial lease from 1 August 2017 | currently producing £3,750 per annum. |
| 58A Bush Street | Ground Floor Flat | Held on a 99-year lease from 30 August 2006 | currently producing a ground rent of £50 per annum. The ground rent increases to £100 per annum for the following 33 years and £150 per annum thereafter. |
| 58B Bush Street | First Floor Flat | Held on a 1,000-year lease from 25 March 1980 | currently producing £260.91 per annum, subject to 21-yearly RPI-based reviews. Last increase 2022. |
| 58C Bush Street | Second Floor Maisonette | currently producing £260.91 per annum, subject to 21-yearly RPI-based reviews. Last increase 2022. | currently producing £260.91 per annum, subject to 21-yearly RPI-based reviews. Last increase 2022. |
| 60 Bush Street | Second Floor Maisonette | Held on a 1,000-year lease from 25 March 1980 | currently producing £260.91 per annum, subject to 21-yearly RPI-based reviews. Last increase 2022. |
| 60A Bush Street | Commercial Unit | Currently vacant, having previously traded as a barbers | The vacant unit provides an opportunity for an investor or owner-occupier and offers potential to increase the overall rental income. |
| 62A Bush Street | Ground Floor Flat | Held on a 99-year lease from 30 August 2006 | currently producing a ground rent of £50 per annum. The ground rent increases to £100 per annum for the following 33 years and £150 per annum thereafter. |
| 62B Bush Street | First Floor Flat | Held on a 1,000-year lease from 25 March 1980 | currently producing £260.91 per annum, subject to 21-yearly RPI-based reviews. Last increase 2022. |
| 62C Bush Street | Second Floor Maisonette | Held on a 1,000-year lease from 25 March 1980 | currently producing £260.91 per annum, subject to 21-yearly RPI-based reviews. Last increase 2022. The property provides an attractive mixed-use investment opportunity with an existing income stream and scope for further rental growth through the letting of the vacant commercial accommodation. |
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* : £60,000+
- Unconditional Online Auction Sale
Lot 89 -
Viewing
Paul Fosh Auctions
Office Contact
James Hollingsworth
Documents
Legal Documents
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