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Lot 9 Click here for addendum

6 Week completion

SITUATION

Located in the town's main pedestrianised retail thoroughfare amongst such multiple retailers as Dorothy Perkins, Santander, Holland & Barrett, WH Smith, Specsavers, Carphone Warehouse and Costa Coffee. In addition, The Britannia Centre nearby houses a variety of traders including Argos, New Look, Wilko, Boots, Poundworld and Peacocks.
Hinckley is located approximately 12 miles south-west of Leicester.

PROPERTY

A Grade II Listed mid terraced building comprising a Ground Floor Double Shop with internal access to Ancillary Accommodation on the first, second and attic floors.

ACCOMMODATION

Ground Floor Double Shop
Gross Frontage 34'0”
Internal Width 30'1”
Shop Depth 47'3”
Built Depth 72'6”
Sales Area Approx. 1,309 sq ft
Store Area Approx. 723 sq ft
WC
First Floor
Storage/Kitchen Area Approx. 1,127 sq ft
Second Floor (Not Used)
Storage Area Approx. 681 sq ft
Attic Floor (Not Inspected)

Total Area Approx. 3,840 sq ft plus Attic

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease (subject to a schedule of condition) to Cancer Research UK (having over 590 branches) (T/O for Y/E 31/03/2015 £634.9m, Pre-Tax Profit £32.5m and Shareholders' Funds £400.9m) for a term of 10 years from 17th June 2016 at a current rent of £31,000 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 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.

11 Castle Street, Hinckley, Leicestershire LE10 1DA