Ref: Lot 13
ATTENTION INVESTORS! INVESTMENT OPPORTUNITY GENERATING £12,000 PER ANNUM. Manchester House is located in popular seaside town of Barmouth, with a gross circa yield of 12%. The property is occupied by Solicitors under the terms of the lease expiring on the 7th of July 2031 at £1,000pcm. Potentially opportunity for residential conversion subject to relevant planning permissions.
Lease Information:
Occupied under the terms of the lease expiring 7th July 2031 at £1,000pcm.
999 year lease from 1984.
Manchester House is a mid terraced commercial property of standard construction under a slated roof. The property is currently occupied by Solicitors and is situated on the main High Street in the popular seaside town of Barmouth.
The property has a large open plan office space to the front, separate office to the rear, and to the side there is a spacious kitchen area with separate W.C., together with separate storage room.
The office is presented in good order throughout, and has the benefit of two large picture windows to the front which are ideal for advertising.
The property is located in a prominent position and is ideally situated for both office space or a shop.
High street properties/office/shop rarely become available in Barmouth to either purchase or rent an viewing is highly recommended.
Viewing is strictly by appointment only.
Council Tax Band: N/A
Tenure: Leasehold
Main Office - 7.55m x 5.16m
2x Picture window to front, door to front, door to side into kitchen, door to rear, leading to office, carpet.
Office 1 - 4.13m x 2.5m
Carpet.
Kitchen Area - 4.02m x 3.39m
2x Windows to front, 10x base units under work tops, stainless steel sink and drainer, space for fridge/freezer, fan heater, cushion flooring.
WC - 1.1m x 1.18m
W.C., wash hand basin, carpet.
Storage - 1.22m x 1.22m
Carpet.
Services
Mains electric and water.
Mobile and broadband services available. Please check for further details
The Auctioneers have not inspected the property.
* Plus 5% Buyers Premium + VAT
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Material information will be provided within the legal pack- to download visit our website tcpa.co.uk.
The vendor reserves the right to withdraw the property for sale before the auction end date. Cash buyers or pre-approved mortgages/finance only.
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
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