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Property features

For sale by Public Auction on Thursday 18th July 2024 at Leigh Court, Pill Road, Abbots Leigh, BS8 3RA and online at 7.00pm
End of terrace, freehold Commercial property
Freehold of entire building
Valuable workshop area currently used as parking
97a is owned separately on a long leasehold and not included in the sale
Commercial unit is tenanted with a 15 year lease in place from 10th March 2020, (Rental income of £15,500 per annum, paid quarterly)
Please note that due to the sensitive nature of the business, we were unable to take photographs of the commercial premises but this will be available to see on a viewing
Commercial EPC Rating D84, Business Rates may apply, Council Tax Band A

Property description

For sale by Public Auction on Thursday 18th July 2024 at Leigh Court, Pill Road, Abbots Leigh, BS8 3RA and online at 7.00pm.

An exciting opportunity to acquire an end of terrace, freehold commercial premises in the heart of Burnham-on-Sea. The property consists of a ground floor commercial unit providing an interesting investment opportunity. The unit is currently tenanted with a 15 year lease in place from 10th March 2020 (rental income of £15,500 per annum, paid quarterly). Please note, we were unable to access the ground floor commercial
premises to take photos and measurements due to the sensitive nature of the business, however we have been provided with a floor plan by the vendor (see below).
The property also benefits from a valuable workshop area which is used by the current vendors as parking. Please note we are offering the freehold of the entire building and
the flats above the commercial premises (97a & 97b) are separate flats which are each on a long leasehold title and are not included in the sale.

Burnham-on-Sea is a popular coastal town which offers a bustling high street with shops, restaurants, banks and more. The M5 Motorway (Junction 22) is within easy reach giving excellent commuting links to Taunton, Bristol and beyond. There is a mainline railway link at the neighbouring Highbridge town and Bristol International Airport is approximately 20 miles away. Commercial EPC Rating D84, Business Rates may apply.

Auction Details:

• Venue: Leigh Court, Pill Road, Abbots Leigh, Bristol, BS8 3RA (there is plenty of free parking)

• Date: Thursday 18th July 2024

• Start Time: 7:00pm

• Bidding Options: In room, online, proxy, telephone

*Guides are provided as an indication of each seller's minimum expectation, they are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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.

Ground Floor Commercial Premises

(Currently tenanted by a funeral directors) Could not gain access to take photos and measurements due to the sensitive nature of the business.

Tenure

Freehold of the entire building which includes the ground
floor commercial unit. Please note 97a & 97b are separate
flats which are each on a long leasehold title and are not
included in the sale.

Services

Mains electric, gas, drainage, water.

Please Note

If you are attending the auction in person there is plenty of free parking at the venue.

The commercial unit is currently tenanted and the property is being sold with the tenants in situ.

Please note that we could not gain access to take photos and measurements due to the sensitive nature of the business however, you will be able to view the full unit on a viewing.

The integrity and structure of the property is ‘sold as seen’ and in addition there may well be some fixtures, fittings and chattels left at the property which will become the responsibility and ownership of the purchaser upon legal completion of the transaction.