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Lot 3 - 10 High Street, Chatteris, Cambridgeshire, PE16 6BE

Guide Price* £175,000 +

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Property Type
Mixed Use
Tenure
Freehold
Type
Commercial
Bidder Security Deposit
£3,500*

Property Summary

  • On the instructions of the Joint Fixed Charge Receivers
  • Freehold two storey terraced building
  • Vacant ground retail unit
  • A separate three-bedroom house currently occupied on unknown terms
  • Separate store / ancillary space
  • Part vacant Investment

Freehold two storey terraced building arranged as a vacant ground retail unit and a separate store /ancillary space together with a separate three-bedroom house currently occupied on unknown terms – Part vacant Investment.

Description

The property comprises a terraced building arranged as a vacant ground floor retail unit and a separate first floor store / ancillary space formerly trading as a Newsagent together with a separate three-bedroom house currently occupied on unknown terms. The property is of traditional brick construction mainly rendered underneath pitched slate / tiled roofs.

Adjacent to the property there is a pedestrian walkway giving access to the separate house to the rear as well as the rear of the shop unit.

Location

The market town of Chatteris is located between Huntingdon, March & Ely approximately 85 miles north of London, 18 miles south-east of Peterborough and 32 miles south-west of King’s Lynn. The town is located just east of the A1 (M) via the A141.

The property is situated on the west side of the High Street close to the junction with King Edwards Road, serving a mixed commercial and residential catchment area.

Tenancy Schedule

Address Floor Use Sq M Sq Ft Tenant Tenancy Rent (£ pa)
10 High Street (Retail Unit & Store) Ground
First
Sales Area, separate wc
Store / ancillary space
45.20
60.90
486.52
655.52
Vacant
10 High Street (Terraced House) First

Ground

Outside
Three bedrooms, bathroom, separate wc
Reception room, kitchen
Rear garden
Occupied under unknown terms

EPC Rating

To be advised

VAT

Please refer to the legal pack in this regard.

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). 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 Price (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 Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £2,000 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,500 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £2,000 (inc. VAT).

Please note that Lots may be sold or withdrawn prior to auction.

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All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of SW Property Auctions or the seller.

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Dominic Smith
07999023451
SW Property Auctions,
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London,
EC1A 7BL

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T Payne & Co
Heidi Brooker
01354 696700

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Irwin Mitchell LLP
Karnvir Dehal
0113 218 6461

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