7 High Street, Daventry, Northamptonshire, NN11 4BG

Lot Image

Auction sale - Monday 11th December 2017

Result:

Sold for £215,000

  • Freehold retail/residential investment
  • One shop and a one bedroom and two bedroom flat
  • Current rent £20,240 per annum
  • Town centre location

Viewings

Wednesday 6 December at 2:30pm

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 of traditional construction, arranged as a ground floor retail unit and two self-contained flats (one x 1 bedroom and one x 2 bedroom), over the first and second floors respectively. The flats are both accessed from the rear of the property.

The property is situated on the south side of High Street, close to the junction with New Street.

Tenure

Freehold

Planning

Daventry District Council (01327 871 100) www.daventrydc.gov.uk

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Address Tenant Floor Use Sq M Sq F Lease Terms Rent £ pa Rent Review
TOTAL £20,240
7 High Street Mr Jeyletchumy Santhmoorthy (t/a Star Convenience Store) Ground Retail Office/kitchen 40.96 9.97 441 107 Lease expiring 15/09/2023 £11,000 16/09/2018
7A High Street Individuals First Residential One bedroom flat AST £4,200
7B High Street Individual Second Residential Two bedroom flat AST (holding over) £5,040
The areas have been taken from the VOA website.

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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