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

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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