4 bedroom Mixed Use in Burton-On-Trent

2 Horninglow Street, Burton-On-Trent, Staffordshire DE14 1NG
  • Lot No: 33
  • Property Type: Mixed Use
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £185,000+ plus fees

Result Sold at Auction £200,000

Property Description

A freehold, mixed use property comprising of a Hair Salon and two x two bedroomed flats. Offered fully let at a combined income of £19,783 per annum. A ground floor retail unit currently occupied as a hair salon along with two, two bedroomed flats over the first and second floors. Small rear yard with bin storage space. Each unit has its own utility supplies / meters and tenants pay their own bills. Situated at the end of High Street in Burton town centre. A superb investment with return in excess of 10% and income from day one.

Ground Floor- Hair Salon- Let at £8083+VAT

With salon and treatment rooms along with staff room/kitchen to rear and wc. Rear door to communal hallway with access to the two flats.


First Floor- Flat A- Let at £425 per calendar month

Comprising Hall, Open Plan Lounge/Kitchen, Bedroom One, Bedroom Two, Bathroom.


Second Floor- Flat 2B - Let at £550 per calendar month

Comprising Hall, Open Plan Lounge/Kitchen, Bedroom One, Bedroom Two, Bathroom.


Outside

Shared side path leads to a small rear yard offering bin storage area.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 23rd February 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

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Map

2 Horninglow Street, Burton-On-Trent, Staffordshire DE14 1NG