A superb fully let investment opportunity being this two storey mixed residential and commercial property located in a popular residential and lettings area enjoying an annual income of circa £33,460pa (please refer to legal pack). The property, which briefly comprises three retail units and three two bedroom apartments, also benefits from car-parking and three garages to the rear and is a ready-to-go investment with further rental uplift potential. ACCOMMODATION 29 Segrave Road: Basement (LGF): Storage room, WC. Ground floor: Main retail area with stairs leading down to LGF. First floor (residential): Kitchen, living room, two bedrooms, bathroom/WC. 31 Segrave Road: Basement (LGF): Storage room, WC. Ground floor: Main retail area with stairs leading down to LGF. First floor (residential): Kitchen, living room, two bedrooms, bathroom/WC. 33 Segrave Road: Basement (LGF): Storage room, WC. Ground floor: Main retail area with stairs leading down to LGF. First floor (residential): Kitchen, living room, two bedrooms, bathroom/WC. Outside Car-parking area, three garages and three stores to rear. SERVICES We understand that mains electricity, gas, water & drainage are present at the property. TENURE Freehold subject to tenancies. TENANCY SCHEDULE Commercial: UNIT 29: Let to Appliance Doctor SW Ltd on a 6-month FRI agreement (holding over) having commenced on 01/01/2018 with rents reserved of £6,000pa. UNIT 29 Garage: Let to Appliance Doctor SW Ltd on an informal arrangement having commenced on 01/06/2020 with rents reserved of £360pa. UNIT 31: Let to an individual Tattoo Parlour on a 2-year FRI tenancy agreement having commenced on 06/01/2022 with rents reserved of £7,500pa. Residential: 29a (First floor): Let to an assured short-hold tenancy agreement dated from 31/07/2015 with rents reserved of £4,800pa. 31a (First floor): Let to an assured short-hold tenancy agreement dated from 21/09/2021 with rents reserved of £4,800pa. Residential & Commercial: 33 (Shop & flat): Let to an individual on a 15 year lease with 3 yearly rent reviews dated from 24/11/2016 with rents reserved of £12,000pa. EPC Ratings: 29 = D; 29a = D; 31 = B; 31a = D; 33 = D; 33a = E. WHAT3WORDS them.matter.nights IMPORTANT INFORMATION All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day. AUCTION LEGAL PACK & FINANCE Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal, planning and finance enquiries prior to the auction. PRICE INFORMATION Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve price (a figure below which the Auctioneer cannot sell the Lot during the Auction). This reserve figure cannot be higher than 10% above a single figure guide. Please check our website regularly at www.247propertyauctions.co.uk or contact us on 01395 247000 for up to date information. Following the fall of the hammer contracts are exchanged and there is no going back!
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