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Lot 28
10a Angel Pavement, Royston, Hertfordshire SG8 9AS

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Sold: £150,000

(GROSS YIELD 12%)
6 Week completion

SITUATION

Located within the heart of the town centre within the Angel Pavement Shopping Precinct which provides one of the main links from the High Street to Market Place & Market Hill and a pay-and-display car park.
Nearby multiples include Savers, Scrivens, Store Twenty One, Barnardo's, Boots and WH Smith.
Royston is an attractive market town at the intersection of the A10 and A505 enjoying easy access to Junction 10 of the A1(M) some 15 miles north-east of Stevenage.

PROPERTY

Forming part of a modern terraced building comprising a Ground Floor Shop with a communal rear service area for unloading.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 22'2"
Internal Width 20'0"
Shop Depth 16'5"
Built Depth 19'8"
WC

VAT is applicable to this Lot

TENURE

Leasehold for a term of 999 years from 17th January 2017 at a Peppercorn ground rent.

TENANCY

The property is let on a full repairing and insuring lease (by way of service charge) to Keatons Interiors Ltd as a Kitchen/Bathroom Interiors Showroom for a term of 12 years from 30th September 2016 at a current rent of £14,500 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 Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £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.