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Lot 11 Click here for addendum

Gross Yield 11.1%
6 Week Completion

Situation

Occupying a very busy trading position within the town's prime pedestrianised High Street, opposite Iceland and amongst such multiples as Poundland, Santander, Peacocks, Robert Dyas, The Works, Bonmarche, Barclays and many others.
Poole is a prosperous Dorset town located approx. 30 miles south-west of Southampton, 5 miles west of Bournemouth and benefits from good road links via the A35 and Ringwood Road which links with the A31 and M27.

Property

A mid-terraced building comprising a Deep Ground Floor Shop with internal access to Ancillary Storage at first and second floor levels.
The property benefits from a rear service road via Globe Lane.

Accommodation

Ground Floor Shop
Gross Frontage 22'2"
Internal Width 19'8"
widening to 23'0"
Shop Depth 87'10"
Built Depth 97'10"
Sales Area Approx 1,860 sq ft
3 WC's
First Floor Ancillary
Area Approx 790 sq ft
WC
Second Floor Ancillary
Area Approx 530 sq ft

Total Area Approx 3,180 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to William Hill Organization Ltd (having over 2,300 branches) for a term of 20 years from 12th March 2003 at a current rent of £50,000 per annum exclusive.

*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.

137 High Street, Poole, Dorset BH15 1AS