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Lot 30

6 Week Completion

Situation

Located at the junction with King Street on the town's principal retail thoroughfare, backing on to a Public Car Park, opposite Superdrug and the Post Office and amongst such multiples as Nationwide, CEX, Waterstones, Boots, Poundland, WH Smith, Santander, Millets and many others.
East Grinstead is located approx. 8 miles east of Crawley and 13 miles west of Tunbridge Wells, with easy access to the M25 and Gatwick Airport.

Property

A substantial corner building comprising a Large Ground Floor Double Shop with Basement plus internal and separate front access to Ancillary Storage at first floor level.
There is a secondary retail entrance in King Street, a goods lift plus rear service access.

Accommodation

Ground Floor Shop
Gross Frontage 43'5"
Internal Width 43'0"
Shop Depth 71'9"
Built Depth 100'0"
Sales Area Approx 3,050 sq ft
Store Area Approx 650 sq ft
Basement Storage
Area Approx 85 sq ft
First Floor Ancillary Storage
Area Approx 3,050 sq ft
4 WCs

Total Area Approx 6,835 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to Robert Dyas Holdings Ltd (having 94 branches) (T/O for Y/E 31/03/18 £123.9m, Pre-Tax Loss £918,000 and Shareholders' Funds £9.9m) for a term of 15 years from 2nd November 2006 at a current rent of £65,000 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.

61–63 London Road, East Grinstead, West Sussex RH19 1EQ