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Lot 17

Freehold Restaurant Investment – Gross Yield 9.3%
In the same family ownership for over 50 years
6 week completion

SITUATION

Located close to the junction with Leyland Road and opposite All Saints Church in this mixed Commercial and Residential Area, near to Co-op Food and amongst a host of local traders.
Rainford is located less than 4 miles from St Helens town centre, enjoying easy access via the A570.

PROPERTY

A detached property comprising a Deep Ground Floor Restaurant with Ancillary Storage on the first floor.
The property benefits from Parking at the rear together with front forecourt parking for at least 2 cars.

ACCOMMODATION¹

Ground Floor Restaurant (approx. 90 covers)
Gross Frontage	32'10"
Built Depth	84'9"
Area	Approx. 2,019 sq ft
WC
First Floor Ancillary
Area	Approx. 618 sq ft
WC

Total Area	Approx. 2,637 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 B. Hussain, M. Islam & S. Uddin as an Indian Restaurant for a term of 20 years from 17th January 2014 at a current rent of £21,000 per annum exclusive.

Rent Review 2029

*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.

31 Church Road, Rainford, St Helens, Merseyside WA11 8HE