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Lot 5

Freehold Shop & Flat Investment – Gross Yield 9.3%
In the same family ownership for over 20 years
6 week completion

SITUATION

Located near to the junction with Haydon Road in the main shopping centre, amongst such multiples as Post Office, TG Jones, Scrivens, Cancer Research, Domino’s, Co-op Food, Papa Johns and a number of established local traders. In addition, Didcot Parkway (Great Western Rail) is within a few minutes’ walk.
Didcot is located just off the main A34, approx. 13 miles south of Oxford, 20 miles north-west of Reading and 10 miles north of the M4 (Junction 13).

PROPERTY

A mid terraced building comprising a Ground Floor Restaurant with 2 External Stores and separate rear access to a Self-Contained Flat on the first floor.
There is a rear service road allowing vehicular access for unloading plus front lay-by parking.

VAT is NOT applicable to this Lot

FREEHOLD

ACCOMMODATION

Ground Floor Restaurant (approx. 24 covers)
Gross Frontage	17'6"
Internal Width	16'6"
Shop & Built Depth	47'9"
2 External Stores Area	Approx. 140 sq ft
2 WCs
First Floor Flat
2 Bedrooms, Living Room, Kitchen, Bathroom/WC
GIA	Approx. 662 sq ft
First Floor 2 Offices
Area	Approx. 250 sq ft

TENANCY

The entire property is let on a full repairing and insuring lease to M. Arefi as a Fish & Chip Restaurant/Takeaway for a term of 20 years from 11th September 2008 at a current rent of £23,200 per annum exclusive.

Note 1: There is a Rent Deposit of £14,250 being held.

Note 2: Refer to Auctioneers for photos of the First Floor Flat.

*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.

192 Broadway, Didcot, Oxfordshire OX11 8RN