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Lot 20Not offered - Refer

4/6 Fore Street, Wellington, Somerset TA21 8AQ

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Lot 20

15 YEARS UNEXPIRED TO THE CO-OP

SITUATION

Occupying a prominent trading position in the heart of the town centre close to the junction with South Street and amongst such multiples as Superdrug, WH Smith, Boots, HSBC, Greggs, Coral, William Hill, Barclays, Lloyds, NatWest and many others. There is also a public car park immediately behind the property.
Wellington is an attractive market town lying off the main A38 only 2 miles from the M5 (J26), approx. 7 miles west of Taunton and 28 miles north-east of Exeter.

PROPERTY

A modern terraced building comprising a Ground Floor triple fronted Supermarket with Ancillary Accommodation at rear first floor level, plus separate rear access to 3 Self-Contained Flats at front first and second floor levels.
There is a rear service access for unloading.

TENANT PROFILE

Co-operative Foodstores Ltd trade from over 2,800 stores across the UK. They are a fully owned subsidiary of Co-operative Group Ltd who for the year ended 2nd Jan 2016 reported a Turnover of £9.3bn, Pre-Tax Profit of £23m and Shareholders' Funds of £2.95bn.

Enquire about this lot:

Photo of JONATHAN ROSS

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

Photo of JOHN BARNETT

John Barnett
020 8492 9449
jbarnett@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.