Lot 2 - Ma Bakers Cafe, Adjacent to A41, Prees Heath, Whitchurch, Shropshire, SY13 3JT
- Unconditional Online Auction Sale
- Guide Price* : £100,000 plus
- Commercial Investment
- Let at an annual equivalent rent of £13,200
- High Traffic Flow Location
- Asset Management Opportunities
POSTPONED TO 24th APRIL ON BEHALF OF THE TRUSTEE IN BANKRUPTCY: Café and showroom premises let at an annual equivalent rent of £13,200 per annum
Description
The property comprises a building that is currently being used by two businesses, with a café in the first two bays and at the rear is an antique centre with four attic rooms above. The property is currently let at £1,100 per month.
Adjacent to the building is a yard/parking area and opposite is a large public car park and the premises benefit from a synergistic location close to a number of similar occupiers all attracting trade from HGVs and other traffic.
Please note that the title and the area demised by the lease includes an area of land that is currently being used by the occupier of the house at the rear, known as Kings Meadow. There is an opportunity for a buyer to negotiate with the tenant of the cafe to alter their demise and then discuss with the owner of Kings Meadow a sale to them of the land they currently occupy on an unauthorised basis.
Location
The property benefits from being situated adjacent to the A41 and very close to it's junction with the A49. Both are busy main roads, with the A49 linking to Shrewsbury and the A41 ultimately to the M54 motorway. Whitchurch town centre is approximately 2 miles to the north.
Tenure
Freehold.
Accommodation
We have not measured internally and the business rates assessment details the following area:
215.84 sq.m (2,323 sq. ft)
Outside
The title extends to an area of 0.17 acres.
Tenancies
The property is currently let at £1,100 per month. We understand that the current occupiers are not the tenant named in the original lease and that the cafe operator is a sub-tenant. The Trustees have not been provided with a copy of any documentation in respect of the cafe business.
EPC
Energy Asset Rating is D.
Buyers Administration Fee
There will be a Buyer's Administration Fee of £2,700 (inc VAT) payable upon exchange of contracts.Additional Information
. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Loading the bidding panel...
Additional Documents
Office Contact
Important Documents
Agreement Documents
Related Documents
Legal Documents
Log in to view legal documentsShare
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.