56 & 56a Spring Gardens, Buxton, SK17 6BZ

Description
The property provides a three storey mixed commercial and residential building of traditional construction with stone and brickwork elevations under a pitched slate roof. The commercial and residential units benefit from private access points.

56 Spring Gardens: 550 Sq.ft comprising:-
Main sales: 246 Sq.ft - 20’5’’ x 12’0’’.
Rear store: 219 Sq.ft - 19’7’’ x 11’2’’.
Rear store: 13 Sq.ft - 2’2’’ x 5’9’’.
First floor store: 47 Sq.ft - 6’1’’ x 7’8’’.
First floor kitchen: 25 Sq.ft - 3’0’’ x 8’0’’.

56a Spring Gardens: 850 Sq.ft comprising:-
Foyer/landings/corridors: 131 sq.ft overall.
Kitchen: 98 Sq.ft - 9’0’’ x 10’10’’.
Dining room: 84 Sq.ft - 10’8’’ x 7’10’’.
Front room: 184 Sq.ft - 14’7’’ x 12’5’’.
Landings: 35 Sq.ft overall.
Bathroom: 75 Sq.ft - 7’4’’ x 9’1’’ plus 2’6’’ x 2’8’’.
Bedroom: 105 Sq.ft - 10’2’’ x 12’6’’.
Bedroom: 138 Sq.ft - 10’1’’ 12’6’’ plus cupboard.

Location
The property is located fronting Spring Gardens in the centre of Buxton and is a short walk to Pavilion Gardens, Buxton Opera House and Buxton Crescent.

- Stockport: 20 miles.
- Manchester: 28 miles.

Availability_text
The accommodation comprises the following areas:

RV/Council Tax
Rateable value: £11,750 - 100% SBRR - Nil rates.
Council Tax band B: £1,424.95 payable.
Small Business Rates Multiplier 2023/24: 0.499p.
Interested parties are advised to make their own enquiries with High Peak Council - .

Tenure
We understand that the property is Freehold - TBC.
Title Number: TBC.

Price
£275,000 SUBJECT TO CONTRACT.
Representing an 8% yield before costs.

VAT
All figures are quoted exclusive of Value Added Taxation. We understand that VAT is not payable on the sale.

Conditions
Subject to Contract.

Lease/AST Agreements
The property benefits from the following Lease and AST agreements:-

56 Spring Gardens - Let for a term of 5 years from November 2018 subject to a passing rent of £16,500 per annum exclusive.

56a Spring Gardens - Let on an Assured Shorthold Tenancy for a rolling 12 month term subject to a passing rent of £450 per calendar month.

Utilities
Mains services are available including gas, electricity, water and drainage.

EPC
56 Spring Gardens: Energy rating D.
56a Spring Gardens: D.

Legal Costs
Each party to be responsible for the payment of their own legal costs associated with the sale.