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Lot 13

Freehold Retail Investment – Gross Yield 10.2%
In the same family ownership for over 38 years
6 week completion

SITUATION

Located opposite the junction with Station Approach in this predominately residential area, nearby Tesco Express and a host of other local traders. The property is diagonally opposite Ash Vale Railway Station (South Western Railway). Additionally, Farnborough Airport is less than 2 miles distant.
Ash Vale is located approx. 28 miles south-west of central London, enjoying easy access via the A331 and M3 (Junction 4).

PROPERTY

A single storey end of terraced building comprising a Ground Floor Shop with front and side Parking for approx. 10 cars on a triangular forecourt (see Ordnance Survey plan).

ACCOMMODATION

Ground Floor Shop
Gross Frontage	20'6"
Internal Width	18'6"
Shop Depth	42'1"
Built Depth	48'10"
2 WCs

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Arena Cars Limited as a Car Dealership for a term of 5 years from 25th March 2021 (in occupation since approx. 2010) at a current rent of £13,250 per annum exclusive.

Note 1: The Tenant did not operate their 2023 Break Clause.

Note 2: The Tenant has also been renting additional parking spaces to the side of the property and extra units to the rear of the property since 2000, but these are not included with the Freehold.

*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.

325 Vale Road, Ash Vale, Aldershot, Hampshire GU12 5LN