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Lot 12 Click here for addendum

Gross Yield 9.6%
6 Week Completion

Situation

Occupying a prominent trading position in the heart of this busy town centre, fronting Wellington Square at the junction with The Parade, less than ½ a mile from the Seafront. Nearby multiple occupiers include Superdrug, Argos, Boots, WHSmith, Greggs, M & Co., McColl's, HSBC, Santander, Trespass, Specsavers as well as a variety of independent retailers.
Minehead is a popular seaside town, which is home to Butlins, located approximately 20 miles north-west of Taunton, enjoying good road access to the M5 (Junction 23) via the A39.

Property

An unbroken retail parade comprising 6 Ground Floors Shops each with internal access to Ancillary Accommodation on the first floor, together with separate side and rear access to 4 Self-Contained Flats planned on the second floor.
The property includes a large Service Area at the rear, providing access for deliveries and parking.
Each Shop tenant is allowed 2 parking spaces.

VAT is NOT applicable to this Lot

FREEHOLD

*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.

2-10 Wellington Square, Minehead, Somerset TA24 5NH