Auction Date: 12/06/2024, LOT 13
AVAILABLE - £175,000
7 Bridge Street, Spalding, Lincolnshire, PE11 1XA
Solicitor Details
Edward Hands & Lewis, 19 North Road, The Office Village, Loughborough, Leicestershire LE11 1QJ Tel: (01509) 212108 ~ Ref: N Ahmed
*Guide Price & Reserves
RETAIL / INVESTMENT
Property Description
A Grade II Listed retail property of approximately 2,427 sqft over 3 storeys and further storage in the basement. The property is currently operating as a barbers shop with ancillary space on the upper floors.
Location:
- The property is located in a conservation area in the town centre near to the junction of London Road, Double Street, High Street and Church Street
- Nearby occupiers include Halifax, Boots, Vision Express, Ladbrokes and Santander
Accommodation:
Basement: 2 rooms.Ground Floor: Salon and sales area, office, staff room/kitchen with WC off. GIA: 1,000 sqft (93 sqm)
First Floor: 2 rooms, kitchen, bathroom, store. GIA: 715 sqft (66.5 sqm)
Second Floor: 3 rooms. GIA: 712 sqft (66.0 sqm)
Planning
Local Authority: South Holland District Council (01775) 761161.
Note:
- The Auctioneers have not inspected the property
- The adjoining property at the rear has a small area of flying freehold over the rear ground floor
- VAT is payable on the rent and purchase price
- Can be purchased as a TOGC
Tenure
- Freehold, subject to existing lease
- The property is let on a 5 year FRI lease from 01.09.2023 with 2 year rent review and break option at a rental of £18,000 pax plus VAT
Energy Performance Certificate:
Rating 71, Band C.
Extra Details
Outside: Rear courtyard.Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
