Property for sale

London Road, Hadleigh SS7


Guide price
£140,000
S.O.A.

Description

FOR SALE BY AUCTION ON THE 1ST MARCH, PLEASE SEE for further details

A freehold commercial investment let to the Salvation Army and a residential ground rent from the first floor flat, located in Hadleigh town centre in the one-way system.

Shop front:  14'3 x 30'3 (4.3 x 9.2m).  With light studwork to Kitchen area. Door to rear, storage heater.
Sorting area:  7'3 x 6'6 (1.2 x 1.9m) plus 3'9 x 4'3 (1.1 x 1.2m).

Exterior
Covered area:  10'6 x 10' (3.2 x 3m).  Access to:
Outside WC: 
Parking for two cars.

Tenure:  The shop is let on a 6-year Lease from 29th September 2013 with a 3 year rent review, at a rent of £10,000 per annum on an internal repairing Lease.

The first floor is sold on a 99 year Lease from July 2014 at a ground rent of £75 P.A. Rising by £100 every 20 years

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
 
Each 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.

FOR SALE BY AUCTION ON THE 1ST MARCH, PLEASE SEE for further details

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Property reference
CP_6F9B5564F7_133