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Lot 7

Retail Investment - Gross Yield 12.7%
8 week completion

Situation

Located close to the junction with St Michael's Way, amongst such multiples as Tesco Express, Nationwide Building Society, Morrisons, Lidl and a host of local traders.
Middlewich is a prosperous market town approx. 20 miles east of Chester and approx. 7 miles south of Northwich, enjoying easy access via the A55 to the M6 (Junction 18).

Property

Forming part of a modern building comprising a Ground Floor Shop.

Accommodation¹

Ground Floor Shop
Area	Approx. 530 sq ft
WC

¹Not inspected by Barnett Ross. Area taken from VOA

VAT is applicable to this Lot

Tenure

Leasehold for a term of 979 years from 26th June 2025 at a peppercorn ground rent.

Tenancy

The property is let on a full repairing and insuring lease (by way of service charge) to A. Pau Giang as a Nail Salon for a term of 5 years from 6th April 2025 (in occupation since 2022) at a current rent of £9,500 per annum exclusive.

Note 1: There is a £1,250 including VAT Rent Deposit held.

Note 2: No. 17 Wheelock Street is also being offered for sale in this auction – see Lot 8.

Enquire about this lot:

JOINT AUCTIONEER:
Blue Alpine
Tel: 020 3771 0697 Ref: Joseph Bachman
joseph@bluealpine.com

*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.

OTHER MATTERS:

The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing. The Auctioneers do not warrant or represent that any plans or photographs show the up to date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.

19 Wheelock Street, Middlewich, Cheshire CW10 9AG