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Lot 16

Gross Yield 10%
6 Week Completion

Situation

Located close to the junction with Restrop Road and High Street in this established parade which includes a Lloyds Pharmacy and opposite a One-Stop, serving the surrounding residential area.
Purton lies approx. 4 miles north-west of Swindon with easy access to the M4 (Junction 16).

Property

A single storey mid-terraced building comprising a Ground Floor Shop which benefits from use of a communal rear service area.

Accommodation

Ground Floor Shop
Gross Frontage 18'8”
Internal Width 17'9”
Shop Depth 30'6”
Built Depth 45'5”
WC

VAT is NOT applicable to this Lot

Freehold

Tenancy

The property is let on a full repairing and insuring lease to A. Hiscock as a Butcher for a term of 15 years from 1st August 2017 (renewal of a previous 15 year lease) at a current rent of £8,000 per annum exclusive.

Rent Reviews 2022 and 2027

Tenant's Break 2027

*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 Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 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.

8 The Parade, Pavenhill, Purton, near Swindon, Wiltshire SN5 4BX