About this property
Key Features
Freehold subject to tenancy
Town centre location
Established tenant
Commercial investment opportunity with annual income of £6,600
Description
A chance to acquire a 2 storey investment property in the heart of Chatteris town centre. It is understood that the property has formally been used for commercial and residential purposes, and is currently fully let on a commercial lease at a monthly rent of £550.
The accommodation comprises:
Ground Floor Front door leads into main Salon area with shop display window, tiled floor; Secondary Salon area with recesses and lobby; Kitchen with laminate flooring and range of MDF base and wall units and double glazed window; Bathroom with tiled floor and suite comprising white WC, wash hand basin, bath and separate shower cubicle.
First Floor Staircase leads to 3 former bedrooms, all of which are used as treatment rooms and storage.
The gross internal floor area of the property is approximately 90m² (968ft²).
Outside To the rear of the property is a small courtyard area.
Tenure
Freehold subject to existing tenancy
Location
The property is located in the centre of the Fenland market town of Chatteris, which offers a range of shops, facilities and services. Chatteris is located approximately 12 miles north west of Ely and around 14 miles north east of Huntingdon.
Lot Type
Commercial
Tenancies
The property is let to an established single tenant and trades as a salon, with a current rent of £550 per month (£6,600 per annum). A 2 year lease extension was signed on the 13th December 2018, with a 6 month break clause (in favour of both parties) on the 13th June 2019. See legal pack for further details.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Sarah Morris, Hunts and Coombs, 35 Thorpe Road, Peterborough, PE3 6AG, 01733 882800
Viewing
Cheffins Property Auction Dept 01223 213777
Important notes
*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. Each 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 up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�