The four commercial investment properties are located in a parade on the town’s High Street and will each have a guide price* of £99,000+ in the livestreamed auction next month (Thursday, May 14), the auction will take place from 8.30am.
Gurpreet Bassi, chief executive of Bond Wolfe said that that all four freehold properties due to appear in the May auction were fully let, with each one generating rental income of £14,000 per annum.
“This parade has a total of eight properties that we sold to a buyer last year, and they are now selling each of them individually at auction,” Gurpreet Bassi said.
He continued: “The first four attracted plenty of attention from bidders and healthy sale prices in our March auction, and we are expecting more competitive interest for the second four properties in our May auction.”
All four sales would be subject to existing tenancies, and that offers in excess of the guide price may be considered prior to the auction.
Take a look at the four properties below:
1. 59 High Street
This extends to 860 sq ft on the ground floor and 408 sq ft on the first floor, is let to a business trading as Dixy Chicken on a ten-year term until December 2033. | Bond Wolfe
2. 61 High Street
This extends to799 sq ft on the ground floor and 416 sq ft on the first floor, is let to a business trading as Saray International Market & Butcher on a ten-year term until November 2031. | Bond Wolfe
3. 63 High Street
This extends to 833 sq ft on the ground floor and 407 sq ft on the first floor, is let to a business trading as The Church Bar on a ten-year term until December 2033. | Bond Wolfe
4. 57 High Street
This extends to 804 sq ft on the ground floor and 415 sq ft on the first floor, is let to a business trading as ēN Café on a ten-year term until August 2029. | Bond Wolfe