Property Auctions London, Property Auctioneers London, London Property Auctions, Property Auctions London

Lot 10

Freehold Retail Investment – Gross Yield 9.6%
In the same family ownership for over 26 years
6 week completion

SITUATION

Located close to the intersection of Station Road and the High Street, near to such multiples as William Hill, Coral and Co-op Food along with a variety of local traders.
Shirehampton is a popular residential suburb lying approx. 4 miles north-west of Bristol City Centre, enjoying good access to the M5 (Junction 18).

PROPERTY

Forming part of a retail parade, comprising a mid terrace Ground Floor Shop with Ancillary Accommodation at first floor level (see Note 1).

ACCOMMODATION

Ground Floor Shop
Gross Frontage	17'4"
Internal Width	16'2"
Shop Depth	34'5"
Built Depth	39'6"
First Floor Ancillary
Office/Staff Kitchens/Storage
Area	Approx. 532 sq ft
2 WCs

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to G. Thomas trading as Shirehampton Post Office for a term of 5 years from 25th March 2024 (in occupation for over 40 years) at a current rent of £11,500 per annum exclusive rising to £12,000 per annum on 25th March 2027.

Note 1: Part of the first floor has been sub-let at £4,000 p.a. to Dentex Clinical Ltd who occupy No. 6 The Parade (not included with the Freehold) and they have created an opening from No. 6 at first floor level.

Note 2: No. 6 The Parade is also being offered for sale in this Auction – see Lot 11.

*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.

5 The Parade, Shirehampton, Bristol BS11 9TS