Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting bid is £150,000 - Ideal for investors seeking high yield - Prime commercial property in town centre, 10-year lease at £12,500 p.a. until 2031. Versatile 2-floor layout with shopfront, offices, storage, and gated parking.

Being sold via Secure Sale online bidding. Terms & Conditions apply. The starting bid is £150,000.

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

An exceptional commercial property opportunity is now available in the heart of a vibrant town centre, perfect for investors seeking a high-yielding asset. 

This well-situated commercial unit boasts a prime position in a bustling area with high footfall. Currently tenanted on a 10-year lease, with the break date already passed, securing a rental income of £12,500 per annum until July 2031, this property offers a lucrative investment opportunity.

The premises offer a versatile layout spread over two floors, encompassing a total area of 162 sq m / 1,744 sq ft. The ground floor features a spacious shopfront or office space with excellent visibility on the high street, ideal for attracting customers and maximising business potential. 

Upon entering the property, you are greeted by a welcoming atmosphere that sets the tone for a productive work environment. The first floor comprises office and storage space, providing ample room for various business operations. A well-equipped kitchenette and bathroom on this level offer convenience for staff and clients alike.

Additionally, the property benefits from rear access on both floors, with a fire escape leading to the ground level. The gated compound at the rear of the building offers secure access for deliveries and parking for up to three vehicles, with entry facilitated through the public car park. This feature adds a practical element to the property, ensuring smooth logistical operations for any business occupying the space. 

The property's outdoor space enhances its appeal by offering a functional and secure area for essential activities. The gated compound provides a designated area for deliveries, ensuring smooth business operations without disruptions. The provision for parking up to three cars adds value to the property, making it convenient for employees, clients, or customers to access the premises easily. Furthermore, the rear access from the ground floor and fire escape from the first floor optimise the functionality of the outdoor space, providing flexibility and convenience for daily operations. 

Overall, the combination of a strategic town centre location, versatile layout, and practical outdoor amenities make this commercial property an attractive investment opportunity for discerning investors looking to expand their portfolio in a thriving market.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with Reades on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with Reades.

The property is available to be viewed strictly by appointment only via Reades or The Auctioneer. Bids can be made via Reades’ or The Auctioneer’s website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both Reades and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both Reades and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

We are obliged to disclose that a family member of the Vendor works for Reades.

Shop / Office 35' 6" x 16' 5" (10.83m x 5.00m)

Hallway

Store / Comms room 10' 2" x 10' 0" (3.10m x 3.05m)

Landing

Office 20' 4" x 16' 4" (6.20m x 4.99m)

Office 14' 11" x 10' 9" (4.55m x 3.28m)

Rear hallway

Kitchenette 7' 11" x 6' 8" (2.41m x 2.02m)

Bathroom 7' 11" x 4' 11" (2.41m x 1.50m)