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Lot 31
1 Bell Street, Wellington, Telford, Shropshire TF1 1LS

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Sold: £80,000

6 Week completion

SITUATION

Located in the pedestrianised section of Bell Street, close to the junction with New Street which is the town's principal shopping street and hosts such multiple retailers as Greggs, William Hill, Holland & Barrett, Boots, Shoe Zone and many others.
Wellington forms part of the new town of Telford, located north of the M54 Motorway and being approx. 10 miles east of Shrewsbury and 20 miles north-west of Wolverhampton.

PROPERTY

A mid terrace building comprising a Ground Floor Shop (Take-away) with internal access to Ancillary Accommodation on the first and second floors.

ACCOMMODATION

Ground Floor Shop (Take-away)
Gross Frontage 12'11"
Internal Width 11'6"
Shop Depth 18'10"
Built Depth 21'6"
First Floor
Kitchen Area Approx. 180 sq ft
Second Floor
Office Area Approx. 120 sq ft
WC

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Brent Catterson as a Take-away for a term of 10 years from 10th February 2017 at a current rent of £7,800 per annum exclusive.

Rent Review 2022

*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.