Commercial Investment for Auction Yeovil BA20

Guide Price £70,000. An investment opportunity comprising a two storey commercial premises with the ground floor currently let, and first floor vacant and requiring refurbishment. The ground floor is let, subject to a Landlord and Tenant Act Tenancy 1954 dated 30th January 2003. The auctioneers understand that the lease was not contracted out. The initial lease had a passing rent of £7,800 with monthly instalments of £650 per month. Since the commencement of the lease and owing to a personal arrangement between parties, it was agreed between the landlord and tenant that the rent would be reduced to a passing rent of £2,880 per annum payable in monthly instalments of £240 in advance. Further details on the tenancy agreement is available in the auction pack.