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Lot 15 Click here for addendum

6 Week Completion

Situation

Located close to the junction with Stafford Street within this town centre retail thoroughfare which is pedestrianised during certain trading hours, amongst such multiples as William Hill, Dominos, Heron Foods, Halifax, Bodycare, Kaspa's Desserts and a host of local traders.
Nuneaton lies on the A44 some 8 miles north of Coventry and approx. 17 miles east of Birmingham with good road links via the M6 (Junction 3) and M69 (Junction 1).

Property

A mid terraced building comprising a Large Ground Floor Shop with separate front access and side access via an enclosed passageway to Office/Ancillary Storage at first and second floor levels. The property also benefits from vehicular access to a rear Private Yard for loading and parking.

Accommodation

Ground Floor Shop
Gross Frontage 27'3"
Internal Width 26'2"
Shop & Built Depth 91'10"
Sales Area Approx. 2,140 sq ft
WC
First Floor Office/Ancillary
Area Approx. 665 sq ft
Second Floor Office/Ancillary
Area Approx. 665 sq ft

Total Area Approx. 3.470 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease (subject to a schedule of conditions) to SENSE, The National Deafblind & Rubella Association as a Charity Shop (having over 100 branches) for a term of 15 years from 24th July 2008 at a current rent of £19,000 per annum exclusive.

Note: The tenant did not operate their 2018 Break Clause.

*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.

123 Abbey Street, Nuneaton, Warwickshire CV11 5BZ