8-10 High Street, Daventry, Northamptonshire, NN11 4HT

Lot Image

Auction sale - Monday 11th December 2017

Result:

Sold Prior to auction, for an undisclosed amount

  • Freehold retail/residential investment
  • Two retail units, two x one bedroom flats and a garage
  • In the same family ownership for over 50 years
  • Tenant's include Heart of England Co-Operative Society Ltd until 2019
  • Current rent £33,100 per annum

Details

Location

Miles: Northampton 13 miles, Rugby 12 miles, Towcester 12 miles
Roads: A45, A5, M1 (junctions 16 and 17)
Rail: Rugby, Northampton

Description

The property comprises a three storey building arranged as two adjoining retail units with separate access to two self-contained one bedroom flats over the first and second floors. The property also has a detached garage to the rear and car parking that is accessed from a service road from Chapel Lane.

The property is situated on the north side of High Street, close to the junction with Abbey Street and Chapel Lane.

Tenure

Freehold

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Address Tenant Floor Use Sq M Sq Ft Lease Terms Rent £ pa
TOTAL £33,100
8 High Street Heart of England Co-Operative Society Ltd Ground First Second Chapel of rest Mortuary Public toilets Office Arranging room/kitchen Office/storage 8.27 6.44 4.32 29.15 30.79 43.76 89 69 47 314 332 471 Lease expiring 16/02/2019 £13,000
10 High Street Mosaic Kitchen Ltd Ground Retail/kitchen 62.30 671 Lease expiring 28/09/2020 £10,500
10A High Street Individuals First Residential One bedroom flat AST (Holding over) £4,020
10B High Street Individuals Second Residential One bedroom flat AST £4,200
Rear garage Individual (t/a window cleaner) (1) External Garage Not measured Tenancy at will £1,380
The areas have been taken from the VOA website.
(1) The tenant has exclusive use of the garage and rights of access over the rear yard,

Contact

Seller's solicitor

Wright Hassall LLP

Terry Dickson

01926 883058

terry.dickson@wrighthassall.co.uk

* Guide price

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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