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Lot 2
34 Buckland Road, Pen Mill Trading Estate, Yeovil, Somerset BA21 5HA

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Sold: £161,000

GROUND RENT INVESTMENT
6 Week completion

SITUATION

Located in this well-established industrial estate amongst such other occupiers including Screwfix, Plumbase, Ablebox and Europcar and being approx. 1 mile from the town centre. Yeovil Junction Rail Station (South-West Mainline) provides a regular train service to London Waterloo.
Yeovil is a market town situated some 12 miles north of Dorchester and 40 miles south of Bristol with good road links to the M5 (Junction 25) and A303 which links to the M3 (Junction 8).

PROPERTY

A single storey Detached Warehouse with front Trade Counter situated upon a rectangular site which includes a front forecourt for parking approx. 6 cars and a side service road allowing vehicular access and loading. In addition, the property benefits from a roller shutter door.

ACCOMMODATION

Warehouse
GIA Approx. 4,855 sq ft incl. 2 WCs

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease from 7th February 1967 to 31st March 2065 (thus having approx. 47¾ years unexpired) to J S Partners & Co. Ltd at a current rent of £4,728 per annum exclusive.

Rent Reviews February 2027 and 20 yearly based on site value.

*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.