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Lot 18

Freehold Commercial Investment
In the same ownership for 23 years
6 Week Completion

Situation

Occupying a prominent position close to the junction with Kenn Road in the heart of the town centre, opposite Queen's Square, adjacent to WHSmith and nearby other multiples such as Greggs, Ladbrokes, Coffee#1, Boots, Holland & Barrett, B&M and a variety of independent retailers.
Clevedon is a popular Victorian seaside town which benefits from easy access to the M5 (Junction 20), some 11 miles west of Bristol City Centre.

Property

An attractive end of terrace building comprising a Ground Floor Shop (with side Lean-to Store Area) with internal and separate front access to Ancillary Accommodation (formerly a flat - see Note 1) on the first floor.
In addition, there is hatch access to an attic floor and a Rear Yard.

VAT is NOT applicable to this Lot

FREEHOLD

Accommodation

Ground Floor Shop
Gross Frontage 33'8"
Internal Width 16'3''
widening at rear to 18'1''
Shop & Built Depth 31'0''
Plus Lean-to Store Area Approx 55 sq ft
First Floor Ancillary
2 Rooms Approx. 350 sq ft
Kitchen Approx. 80 sq ft
WC
Attic
Not inspected

Tenancy

The entire property is let on a full repairing and insuring lease to Cancer Research UK (having approx. 600 branches) for a term of 10 years from 10th April 2012 (in occupation for approx. 35 years - see Note 2) at a current rent of £14,750 per annum exclusive.

Note 1: There may be potential to convert the upper part back into Residential Use and to create further Residential Accommodation in the attic, all subject to obtaining possession and the necessary consents.

Note 2: The Tenant is holding over and no Notices have been served by either the Landlord or the Tenant.

*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.

1 Station Road, Clevedon, North Somerset BS21 6NH