LOT 43

20 Orchard Place, Weston-super-Mare, Somerset, BS23 1QP

FREEHOLD COMMERCIAL INVESTMENT WITH VACANT UPPER PARTS FOR REPAIR/IMPROVEMENT
Guide price: £90,000 - £95,000*

Auction Date

Monday, 10th December 2018 11:00am

BY ORDER OF M GETLIFFE & D HILL OF CLB COOPERS LTD AS JOINT RECEIVERS

Location & Description

A three storey terraced property arranged as a ground floor shop with two flats above, accessed via an alleyway off Meadow Street.
Located on the east side of Orchard Place to the south of its junction with Meadow Street, within a local shopping area.

Accommodation

Second Floor: 2 rooms, kitchen, bathroom/WC - Vacant
First Floor: 2 rooms, kitchen, bathroom/WC - Vacant
The property is in need of repair.

Ground Floor Retail Area: 550 sq ft (51 sq m)
Subject to a 10 year lease (5 year rent review) from December 2016 at £5,400 p.a.

EQUIVALENT TO £5,400 p.a. WITH THE BENEFIT OF 2 VACANT FLATS IN NEED OF REPAIR

Status

Sold £70,000

Joint Auctioneer

The Property Source Tel: 01934 628285 Attn: Dean Smith

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.