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Lot 15
11 Holmleigh Parade, Tuffley, Gloucester, Gloucestershire GL4 0QU

  • Photo1

Sold: £89,000

(GROSS YIELD 11.6%)
6 Week completion

SITUATION

Located in this well established retail parade, adjacent to Coral and being close to McColl's and Lloyds Pharmacy, all serving the surrounding residential population.
Tuffley lies approximately 3 miles south of the historic cathedral city of Gloucester with easy access to the M5 Motorway (Junction 11A).

PROPERTY

Forming part of a mid terraced building comprising a Ground Floor Shop. There is front lay-by parking and use of a rear service road for unloading.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 16'0"
Internal Width 15'2"
Shop Depth 34'2"
Built Depth 48'11"
Rear Store Area Approx. 80 sq ft
WC

VAT is applicable to this Lot

TENURE

Leasehold for a term of 999 years from 1st January 2006 at a fixed ground rent of £100 p.a.

TENANCY

The property is let on a full repairing and insuring lease to Anthony Burke t/a Creature Comforts (Pet Supplies) for a term of 20 years from 24th June 2005 at a current rent of £10,500 per annum exclusive.

Rent Review 2020

*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.