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Lot 37Sold: £161,000

Unit 1, 406 Chester Road, Little Sutton, Cheshire CH66 3RB

  • Photo1
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Lot 37

(GROSS YIELD 12%)
6 Week completion

SITUATION

Located on the main A41 Chester Road, close to its junction with Ledsham Road with nearby occupiers including Co-Op Funeral Care, Premier Express/ Post Office, Reeds Rains, William Hill and Nationwide as well as a variety of other local traders.
Little Sutton lies approx. 3 miles west of Ellesmore Port and approx. 7 miles north of Chester and enjoys easy access to the M53 (Junction 8) which links with the M56 motorway.

PROPERTY

Comprising an end of terrace Ground Floor Take-Away with access on to a side service road.

ACCOMMODATION

Ground Floor Take-Away
Gross Frontage 26'7''
Internal Width 23'8'' (max)
narrowing at rear to 12'7''
Shop Depth 47'7''
Built Depth 89'9''
Area Approx. 1,400 sq ft
2 WCs

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to R. Kamaly (Peri Peri & Southern Fried Chicken Take-Away) (see Note) for a term of 15 years from 16th February 2015 at a current rent of £12,000 per annum exclusive.

Rent Reviews 2020 and 2025

Enquire about this lot:

Photo of JONATHAN ROSS

Jonathan Ross
020 8492 9449
jross@barnettross.co.uk

Photo of STEVEN GROSSMAN

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £750 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.