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Lot 10 Click here for addendum

Retail Investment - Gross Yield 11%
6 Week Completion

Situation

Located within this established parade which includes The Co-operative Food and serving the surrounding residential population and being approx. 1 mile from the village of Bearsted, 2 miles east of Maidstone town centre and benefitting from good road access via the M20 (Junction 7).

Property

A single storey Ground Floor Shop with rear vehicular access to a service yard for unloading.
In addition, there is a communal shoppers' car park and front forecourt parking.

Accommodation

Ground Floor Shop
Gross Frontage	20'3"
Internal Width	19'3"
Shop Depth	46'9"
Built Depth	57'0"
Area	Approx. 942 sq ft
WC
VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 2000 years from 29th September 1987 at a peppercorn ground rent.

Tenancy

The entire property is let on a full repairing and insuring lease to C. Ottley as a hairdressers for a term of 15 years from 1st April 2012 at a current rent of £9,900 per annum exclusive.

*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.

4 Mote Park Shopping Centre, Egremont Road, Bearsted, Maidstone, Kent ME15 8LH