Lot 79 - Freehold Shop And Flat With Upper Parts
5 High Street, West Sussex, RH10 1BH
Guide Price: *
£340,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Opening bid:
£340,000Bid history
0 bidsCurrently let at £14,400 per annum
Estimated rental £38,000 per annum
A mid-terrace three storey property arranged as a ground floor retail unit, with three flats on the upper floors sold on long leases, and a ground floor rear one-bedroom flat which is currently let but will be vacant on completion.
The ground floor unit is at present trading as Andrew Hunt Estate Agents and has been established in this location since 1984 but will be vacating on completion.
The property is situated in this busy commercial thoroughfare on the High Street, which is represented by local and national traders, including Asda supermarket. Crawley is situated just off the A23, being within easy reach of London and Gatwick via the nearby M23 and Horsham and Brighton to the south, with excellent road links to all surrounding areas.
Ground Floor
Commercial Unit
Front retail unit, rear office 1, storage area, rear office 2, inner hallway, kitchen (with fire access to flat) and separate W.C. The gas heating system via radiators is shared with Flat 4.
Residential
Flat 4
Rear access from Station Way. Living room, kitchen, bedroom with en-suite shower and separate W.C. The gas heating system via radiators is shared with the commercial unit.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £1,200 per calendar month, to include gas and electricity.
The tenant has given Notice and the property will be vacated by 2nd June 2024.
Council Tax Band A
First & Second Floors
Three one-bedroom flats each sold on a long lease at peppercorn ground rents.
Freehold with Vacant Possession
Summary
- Lot number
- 79
- Auction end
- 12th Jun at 12:28
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 1
- Bathrooms
- 1
- Council tax band
- Ask Agent
Summary
- Lot number
- 79
- Auction end
- 12th Jun at 12:28
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 1
- Bathrooms
- 1
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson - Sussex & Surrey
01273 504232
83 Bates Road, Brighton, East Sussex, BN1 6PF
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
