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

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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