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7 Bridge Street, Appleby-in-Westmorland, Cumbria CA16 6QH £70,000

7 Bridge Street, Appleby-in-Westmorland, Cumbria CA16 6QH£70,000


Overview

AUCTION DATE 16TH NOVEMBER 2021

A mixed use, freehold investment property, with a very healthy yield, incorporating an extensive ground floor commercial unit and two one bedroom flats situated in the main shopping area and conservation area in the historic market town of Appleby producing a current gross rental income of approx. £14,400 per annum.

SOLD WITH AUCTION TERMS AND CONDITIONS

The property comprises a substantial three storey mid-terrace period stone building which has been well converted and refurbished to provide one extensive ground floor shop unit, a commercial studio unit (which has the potential for re-development) and two flats. The one bedroom flats are situated on the first and second floors and have their own separate entrance at the rear.

The accommodation briefly comprises:

Shop Unit and Rear Studio
Shop Unit - 44 sq mtrs
Rear Studio - 68 sq mtrs
TERM Monthly
RENT PCM £525
Flat 7a
44 sq mtrs
TERM Let on an AST
RENT PCM £350
Flat 7b
44 sq mtrs
TERM Let on an AST
RENT PCM £325
Total Income
Total Income = £1,200 pcm
Notes
COUNCIL TAX BAND To be confirmed by the vendor.

TENURE We are informed the tenure is Freehold.

SERVICES Mains water, gas and electricity are connected.

VIEWING Cumbrian Properties ELA Ltd, Fenton House, Corney Square, Penrith. Tel 01768 867788

ALL INFORMATION CORRECT AS OF 14TH SEPTEMBER 2021.
Auction Notes
AUCTION TERMS - All auction properties are available to buy by e-mailing a remote bidding form (available to download on our website) with your highest offer before 10 am on Tuesday 16th November 2021 (Please contact our office for e-mail address).

NOTE Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

NOTE 2 All prospective buyers need to bring the following documents to the Auction:
Driving License (Photo ID), National Insurance Number and Passport.

REMOTE BIDDING - All auction properties are available to buy by e-mailing a remote bidding form (available to download on our website) with your highest offer before 10 am on Tuesday 16th November 2021 to adrian@cumbrian-properties.co.uk
Auction Fees
BUYERS ADMIN CHARGE £720 including VAT payable on exchange of contracts.
Key information:

2 Bedrooms, 0 Bathrooms, 0 Receptions

View EPC Certificate


Area Map

Contact Auctions Team
(Carlisle Branch)

01228 599 940

carlisle@cumbrian-properties.co.uk