18 & 20 New Street, Selby YO8 4PT

A pair of retail units located on the characterful New Street, in Selby town centre. Fully let, the units are generating a combined income of £11,400 per annum, which equates to a return of more than 16%, when based on the guide price.

18 New Street - Occupied by a clothing business and paying approximately £4,800 per annum.

20 New Street - A larger, double unit occupied by a longstanding tenant, and used as their sales office for their stone masons business. This unit is let at £6,600 per annum, respectively.

At the time of our inspection, the first-floor rooms, above 18 and 20, were accessible via a loft hatch in number 20 only. A new owner may look to install stairs and make better use of the upper floor space.

Please note the images provided for number 18, were taken prior to the tenant moving in.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of £1,800 inc. VAT

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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

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.