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Our Summary
- For sale by online auction
- Potential for rental increase
- Tenancy Information – Copies of lease agreements available by request and included within the auction legal pack
- Registering to bid and Administration fee Cooper and Tanner requires all bidders who wish to bid at our Auction to register beforehand, whether you are intending on bidding in the room, by proxy or online
- A week before the auction a hold will be placed on your account for this sum, which will then be released if you are unsuccessful
- Please also be aware that the Buyer’s Administration fee is payable per lot purchased and applicable to all pre-auction sales
- If you are successful in purchasing more than one lot, we will contact you following the auction to take subsequent payments for additional lots bought
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Description
The property is a Grade II Listed multi-let mixed use freehold investment property, located within the Glastonbury Conservation Area. It comprises a ground floor restaurant, currently let for £14,400 per annum, and four flats, each with its own tenancy agreement. The residential accommodation totals 2,594 sq ft, with a combined retail and residential area of 3,311 sq ft.
The property is accessed via a right of way leading to a rear curtilage with two off-road parking spaces, rentable for £120-£180 per calendar month. The roof was renewed within the last 24 months, including decking walkways and timbers.