Retail premises for sale in 6-10 High Street, Studley, Warwickshire B80, £295,000

295,000.00

Offer Nr.:
65696143
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Bond Wolfe Auctions
Phone(s):
0121 721 8417

* Freehold
* Freehold Subject to the existing tenancies.
For Sale By Public Auction on 26 October starting at 09: 00 am - Live - streamed
Auction
**A Freehold Fully Let Mixed Use Investment Property in a popular village
location
Current Rental Income: £30, 960 pa. **
The property comprises of two buildings either side of an access road,
providing pedestrian and vehicle access to a rear surfaced car park.
6 & 6a High Street - An imposing building on the left hand side of the access
road, comprising a shop (No. 6) on the ground floor with a self - contained flat
(No. 6a) on the first floor.
The shop is currently used as a charity shop and comprises of a front retail
area with office to the side. There are further rear sales and ancillary
areas, together with staff WC. At the rear there is access to a side yard and
shed. The property extends to approximately 724 sq. ft. (67. 26 sq. m).
The flat has a ground floor entrance and comprises lounge, kitchen, two
bedrooms and bathroom.
No. 8 High Street - is currently used a hairdresser and comprises retail/salon
space with staff WC facilities. The property extends to approximately 482
sq. ft. (44. 77 sq. m. ).
No. 10 High Street - trades as a nail and beauty salon, accessed off a shared
lobby with the first floor occupier. The accommodation comprises a
salon/retail space with staff WC facilities. The accommodation extends to
approximately 403 sq. ft. (37. 43 sq. m. ).
No. 10a/10b High Street - situated at first floor comprises a therapeutic
centre with a reception area, treatment room, staff WC facilities and extends
to approximately 415 sq. ft. (38. 60 sq. m. ).
**Location**
The property occupies a prominent position fronting High Street within the
heart of the popular Warwickshire village of Studley.
The village offers a good range of local shopping, educational and
recreational facilities. There is a good mix of local and national operators
within the vicinity including Tesco Express, Aldi, a Co - op Food Store and
Nisa.
**Energy Performance Rating**
No. 6 - D, No. 6a - E, No. 8 - E, No. 10 - D, No. 10a/10b - C.
**Tenure**
Freehold Subject to the existing tenancies.
**Value Added Tax**
We understand VAT is applicable on this transaction and it is anticipated the
sale will be treated as a togc. Further details will be available within the
legal pack.
**Auctioneer's Note**
Please note offers may be considered prior to the Auction Sale.
**Viewing Times**
Strictly by appointment with the Auctioneers.
**Live - streamed Auction**
Please note that the Auction will be livestreamed via our website. You can
take part remotely via Proxy, Telephone or Online, if you wish to bid you must
pre - register via our website no later than 3pm the day prior to the auction.
**Disclaimer**
Bond Wolfe or their Agents for the seller of these Lots give notification that
any particulars contained within the catalogue/website are prepared to the
best of their knowledge and all potential buyers should make their own
enquiries and investigations to the accuracy of the information contained in
these particulars. Any amendments to the particulars that Bond Wolfe are aware
of will be published on the addendum, which is available within the lot
information or on the Bond Wolfe's website.
***Definition of Guide Price and Reserve**
All properties are sold subject to a reserve price, which is the minimum price
the seller is willing to accept and is confidential between the seller and
Auctioneer. The guide price is only an indication as to where the reserve is
currently set and not necessarily the Auctioneers expectation of what it will
sell for. If the guide price is a bracket figure, then the reserve price
cannot be higher than the top end of the guide price, if the guide price is a
fixed figure, then the reserve cannot be more than 10% above the guide price.
The guide price and reserve price can be subject to change at any time up to
and including the auction day and, properties can often sell for substantially
more than the quoted guide price.
**Costs at Auction**
When buying at auction you will unconditionally exchange contracts on the fall
of the auctioneer's gavel, please therefore ensure you have read the legal
pack for each property prior to bidding. They are all individual and include
the terms and conditions of your purchase as well as any costs in addition to
the purchase price.
The sale of each lot is subject to an administration fee of £1, 680 inc VAT
(£1, 400. 00 + VAT) (unless otherwise stated in the important information),
payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may
differ and all interested parties should enquire directly with the Auctioneers
as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the
Special Conditions within the legal pack and these costs will be payable on
completion. 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. The legal packs and further information about buying
at auction are available on the Bond Wolfe's website.

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