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Lot 14

Gross Yield 18.9%
In same ownership for over 25 years

Situation

Located in the main retail thoroughfare of the town centre, nearby William Hill, Londis and a host of local traders as well as being directly opposite Willington Town Park.
Willington lies approx. 6 miles south west of Durham and approx.
14 miles north of Darlington.

Property

A mid terrace building comprising a Ground Floor Shop with internal access to Ancillary Accommodation at first floor level. There is a loading door which benefits from vehicular access via a rear service road.

Accommodation

Ground Floor Shop
Gross Frontage 31'10"
Internal Width 29'10" (max)
Shop Depth 54'3"
Built Depth 69'11"
Sales Area Approx. 1,450 sq ft
Store Area Approx. 380 sq ft
First Floor Ancillary
Area Approx. 1,250 sq ft
2 WCs (1 not in use)

Total Area Approx. 3,080 sq ft

VAT is applicable to this Lot

FREEHOLD

Tenancy

The property is let on a Quarterly Tenancy to M. Hall at a current rent of £6,600 per annum exclusive (see Note 1).

Note 1: The property has been used as a grocers for at least 25 years and we understand the current tenant has been trading from the property since 2001 via a previous lessee company.

Note 2: 6 Week Completion.

*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.

61 High Street, Willington, Crook, County Durham DL15 0PF