Property Details
Pugh Auctions
Lot 059a
Lot 059a
Auction: July 2019

34-35 Market Street, Carnforth, Lancashire, LA5 9JX

Property Details
Location

The property is located in the centre of Carnforth fronting the B6254 Market Street, close to the junction with the A6 Lancaster Road. Nearby occupiers include The Post Office, Boots, Greggs, The Co-op and Barclays. Carnforth Station is within 200 metres and Junction 35 of the M6 motorway is approximately 1.5 miles to the east.

Description

A vacant mixed commercial and residential property together with freehold ground rent investment producing £800 per annum. The property comprises ground floor commercial accommodation which was previously a public house, extending to approximately 110 sq m, together with 3 no. one and three bedroom apartments. The commercial accommodation and apartments are substantially complete but require decoration and floor coverings together with other minor completion works. In addition, the sale also includes the freehold ground rent income to a new build block of 10 apartments to the rear of the property.

Accommodation

The commercial accommodation has a Net Internal Area as follows:

Description
Sq M
Sq Ft
Basement (not inspected):
-
-
Ground Floor:
110.00
1,184
The residential accommodation comprises the following:

Flat 1 (First Floor):
Entrance hall, kitchen-living room, bedroom, bathroom
Flat 2 (First Floor):
Entrance hall, kitchen-living room, bedroom, bathroom
Flat 3 (First & Second Floor):
Entrance hall, kitchen, living room, 3 no. bedrooms, bathroom

Planning

Interested parties should consult direct with the local planning office: Lancaster City Council, Town Hall, Dalton Square, Lancaster, LA1 1PJ. Telephone: 01524 582 000.

Tenancy

Each of the ten new build apartments is subject to a 999 year leases from 1 January 2018 at a rent of £80 per annum. The combined rent is £800 per annum. We are advised that the leases are subject to 10 yearly rent reviews to RPI.

Costs

VAT is payable at the prevailing rate in addition to the gavel price.

VAT

VAT is payable at the prevailing rate in addition to the gavel price.

General

1.) The commercial accommodation is currently entered in the 2017 Rating List as "Public House & Premises" with a Rateable Value of £8,250.

2.) The residential accommodation is currently listed with a single Council Tax assessment in Band A.

3.) The vendor will complete the final top coat of tarmac to the roadway following completion.

4.) Energy Performance Certificate = D

Property Location Address:
34-35 Market Street,
Carnforth,
Lancashire,
LA5 9JX
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Auction Details
Auction: July 2019 Date: 16th July 2019 Lot Number: 059a Doors Open: 10:30am Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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