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Lot 17 Click here for addendum

Freehold Investment – Gross Yield 12.3%
6 Week Completion

Situation

Located close to the junction with Tithe Barn Road within the town centre and less than 60 yards from the pedestrianised Market Steet and opposite an entrance to the Swangate Shopping Centre and a Post Office.
North Northamptonshire Council Offices are located to the rear and the town's multi-storey car park in Commercial Way is just a few minutes away.
Wellingborough Railway Station (E M R Line) is approx. 1 mile distant.
Wellingborough is a market town located approx. 10 miles north-east of Northampton, enjoying easy access via the A45 to the M1 (Junction 15).

Property

A mid terraced building comprising 3 Ground Floor Shops (one is sold-off and includes a Basement) and 9 Self-Contained Flats (all sold-off).
In addition, the there is a Rear Car Park for approx. 20 cars accessed from Tithe Barn Road (see Note 1).

VAT is NOT applicable to this Lot

FREEHOLD

Note 1: There may be potential to park additional vehicles in the rear car park which can provide for a possible additional income stream.

Note 2: In accordance with s5B of the Landlord & Tenant Act 1987, Notices have been served on the lessees and they have not reserved their rights of first refusal. This lot cannot be sold prior to the Auction.

*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.

33, 34 & 35 Sheep Street, Wellingborough, Northamptonshire NN8 1BS