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Lot 6 Click here for addendum

Freehold Commercial Investment – Gross Yield 10.9%
6 Week Completion

Situation

Occupying a prominent trading position in the town's principal retail thoroughfare amongst such multiples as Cancer Research, Halifax, William Hill, Greggs, Clarks and others.
Selby is an attractive North Yorkshire market town located some 12 miles south of York and 20 miles east of Leeds, enjoying excellent road access being at the junction of the A19, the A63 and the A1041, some 8 miles north of the M62 (Junction 34) and 10 miles west of the A1.

Property

A mid terraced building comprising a Ground Floor Shop with Ancillary Accommodation on the first floor. In addition, there is a large public car park to the rear of the property.

Accommodation

Ground Floor Shop
Gross Frontage	16'7"
Internal Width	14'9"
Built Depth	100'0"
Area	Approx. 1,876 sq ft¹
First Floor Ancillary
Ancillary Area	Approx. 337 sq ft¹
Total Area	Approx. 2,213 sq ft

¹Not inspected by Barnett Ross. Areas taken from VOA.

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to G Point20 Ltd (with personal guarantor) as a Convenience Store for a term of 10 years from 30th September 2023 (renewal of a previous lease) at a current rent of £24,000 per annum exclusive (see Note 1).

Rent Reviews 2029 and 2033

Note 1: Prior to the lease renewal the rent was £20,000 p.a.

Note 2: There is a £6,000 Rent Deposit held.

*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.

40 Gowthorpe, Selby, North Yorkshire YO8 4ET