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Lot 25 Click here for addendum

(GROSS YIELD 11.1 %)
6 Week completion

SITUATION

Located just off the main A4 Bath Road within this established retail parade amongst such multiples as Lloyds Pharmacy, William Hill, McColls, St Peters Hospice and a Post Office serving a mixed commercial and residential area just 1½ miles from Bristol City Centre.
Bristol is a major commercial and financial centre with fast links to the M4 and M5 and only 12 miles north-west of Bath and 40 miles west of Swindon.

PROPERTY

Forming part of a mid terrace property comprising a Deep Ground Floor Shop. There is also a front forecourt.

ACCOMMODATION

Ground Floor Shop
Internal Width 13'0" widening to 16'3"
Shop Depth 46'8"
Built Depth 60'6"
WC

VAT is NOT applicable to this Lot

TENURE

Leasehold for a term of 999 years from 22nd October 2007 at a Peppercorn ground rent.

TENANCY

The property is let on a full repairing and insuring lease to Martin McColl Ltd (having over 1,300 branches) (T/O for Y/E 29/11/15 £489.336m, Pre-Tax Profit £22.229m and Shareholders' Funds £134.74m) for a term of 15 years from 22nd November 2007 at a rent of £12,800 per annum exclusive (see Notes 1 & 2).

Note 1: The current rent is £11,314 p.a. rising on 22nd November 2017 to a minimum of £12,800 p.a. or OMRV, whichever the greater. Therefore, the Vendor will top-up the rent shortfall to £12,800 p.a. on completion.

*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.

14 Sandy Park Road, Brislington, Bristol BS4 3PE