Income Producing Shop Investment producing £15,000 pa (the successful bidder gets an option to purchase 3 bed maisonette at £175,000 if required).
FOR SALE BY PUBLIC AUCTION ON THURSDAY 7th April 2022 at 2.00 pm at the Digby Hall, Hound Street, Sherborne DT9 3AA and ONLINE at auctionhouse.co.uk/symondsandsampson
1 Cornhill is a freehold retail investment property producing a rental income of £15,000pa** together with a ground share of insurance and maintenance from the long leasehold upper floor maisonette.
The successful bidder will be given the option of purchasing the maisonette on the day for £175,000, if required (see brochure for full details). This is producing £765pcm by way of Assured Shorthold Tenant that is currently holding over. If this is not exercised it will be retained by the vendor on a 999 year lease at peppercorn rent plus service charge and insurance contributions.
The property is Grade II Listed and is constructed on a feature timber frame with masonry walls with attractive display windows on both elevations.
Let to a jeweller the property is let on a 10 year lease until 1st November 2025.
Council Tax Band B