High Street, Biggleswade, SG18 0JL

Two 2-bedroom flats above retail shop converted to be an HMO with 6 rooms.

Option to purchase whole building

In Brief: Two 2-bedroom flats set up as an HMO (Homes of Multiple Occupation) for 6 dwellings generating about £47,400 Gross per annum. 6 rooms, communal facilities in each flat. Each room pays for own heating and electric. Located on the High street above a lock up shop.

Tenure: Lease granted to the residential units above the shop below. Expiry date: 18-09-3016 with zero ground rent.

Shop: Located below on the same title this lock up shop is available as a separate lot and could be purchased simultaneously with the flats. It offers an open plan retailing area with stock rooms and access to basement rooms providing storage and or office space. Kitchen and toilet. Over all the premises is approximately 1,437 Sq. Ft. (Net) with the retailing area about 676 Sq. Ft.

EPC: The flats are rated: TBC. The shop is Rated ‘C’ valid until 26th June 2035

Rates: The VOA website provides a rateable value for the shop of £19,500

VAT: All prices quoted exclusive of VAT

Viewing: By appointment in the first instance via Satchells.

Sale by Auction: Working in partnership with ‘THE PROPERTY AUCTION GROUP’ all interested parties wishing to make a bid will be referred to our partner agent. You can register to bid on the property and see further guidance and terms of buying through an auction on the ‘THE PROPERTY AUCTION GROUP’ website. www.thepropertyauctiongroup.co.uk

Buyer’s premium for the uppers: £6,000 + VAT £7,200 Including VAT

Buyer’s Premium for shop: £5,000 + VAT. £6,000 including VAT.

Potential Tenant: The current owners advise of interest of prospective tenant with a draft lease in the region of £25,000. For further information, please contact Satchells.

AML/ID: As agents, we are legally required to verify the identity of all individuals and companies, along with their sources of finance, for any sale, purchase, lease, or licence arranged through us. All clients therefore are required to complete a company and personal ID/AML/Sanctions check via our third-party provider. Costs range from £35–£60 plus VAT per person, depending on the client and company structure involved.