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Lot 9 Click here for addendum

Freehold (plus part Leasehold) Commercial Investment – Gross Yield 12.5%
On behalf of a PLC
6 Week Completion

Situation

Located in the pedestrianised town centre opposite Cancer Research and amongst such multiples retailers as Home Bargains, Greggs, Subway and close to the entrance to Widnes Shopping Park.
Widnes is located on the main A562 and A568, midway between the M2 and M66 approx. 12 miles from Liverpool and 7 miles from Warrington.

Property

A mid terrace building comprising a Ground Floor Shop with internal access to Ancillary Accommodation on the first floor.
The property benefits from the use of a rear Service Area for loading.

Accommodation

Ground Floor Shop
Gross Frontage	19'3”
Internal Width	18'2”
Shop Depth	45'8”
Built Depth	85'6”
Area	Approx. 1,248 sq ft
WC
First Floor Ancillary
Area	Approx. 510 sq ft
	________________
Total Area	Approx. 1,758 sq ft

VAT is NOT applicable to this Lot

FREEHOLD plus a rear section of the property is held Leasehold for a term of 1000 years from 1st January 1868 at a fixed annual ground rent of less than £5 p.a. - refer to the Office Copy Entries and Title Plans in the legal pack.

Tenancy

The entire property is let on a full repairing and insuring lease to J. Nadirlu as a Barber for a term of 6 years from 25th December 2020 at a current rent of £15,000 per annum exclusive.

Note 1: There is a £7,500 Rent Deposit currently being held.

Note 2: No. 152 Widnes Road is also being offered for sale in this Auction - see Lot 10.

*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.

150 Widnes Road, Widnes, Cheshire WA8 6BA