Nearby occupiers include Nationwide Building Society, Barclays and McColl’s
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 58
Auction 25th May 2017
Rent £5,218 per Annum Exclusive
Status Sold
Price £65,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of a Major Fund Manager
Property Information
Location
Miles
12 miles south-east of Peterborough, 24 miles north-west of Cambridge
Roads
A141, A14, A1(M) (Junction 15)
Air
Luton Airport
Situation
Ramsey is a popular market town in Cambridgeshire some 10 miles north of Huntingdon. The property is situated on High Street, close to its junction with Great Whyte (B1040). Nearby occupiers include Nationwide Building Society, Barclays Bank and McColl’s.
Tenure
Freehold.
Location
Miles
12 miles south-east of Peterborough, 24 miles north-west of Cambridge
Roads
A141, A14, A1(M) (Junction 15)
Air
Luton Airport
Situation
Ramsey is a popular market town in Cambridgeshire some 10 miles north of Huntingdon. The property is situated on High Street, close to its junction with Great Whyte (B1040). Nearby occupiers include Nationwide Building Society, Barclays Bank and McColl’s.
Tenure
Freehold.
Description
The property, a Grade II listed building, comprises a ground floor retail unit. Two self-contained residential flats at rear ground and first floor and a detached single storey garage and parking area have been let on long leases.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, a Grade II listed building, comprises a ground floor retail unit. Two self-contained residential flats at rear ground and first floor and a detached single storey garage and parking area have been let on long leases.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
84
Ground
Retail
49.70 sq m
(515 sq ft)
INDIVIDUAL t/a The Sandwich Bar
3 years from 01/03/2013
£5,000
28/02/2016 (1)
84a
First
Residential and Parking
2 Bedroom
INDIVIDUAL
99 year lease from 25/03/1990 (2)
£60
(24/03/2089)
84b
Ground and First
Residential and Garage
1 Bedroom
INDIVIDUAL
99 year lease from 25/03/1990 (2)
£168
(24/03/2089)
Total Commercial Area
49.70 sq m
(515 sq ft)
£5,228
(1) The tenant is currently holding over and is in discussions with the landlord for a new lease. For further information please refer to the legal pack. (2) The seller has served a notice on the residential tenants, pursuant to section 5B of the Landlord & Tenant Act 1987