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Lot 25 Click here for addendum

6 Week completion

SITUATION

Occupying a busy trading position in the main pedestrianised centre of the town, opposite the White Lion Square which hosts the town market and amongst such multiples such as Asda, Iceland, Savers, Boots, Peacocks, Halifax, NatWest, Santander, HSBC, New Look, Poundland and many others. In addition, there is a large public car park nearby. Hatfield lies some 18 miles north of central London and 11 miles south-east of Luton with easy access to the A1(M) (Junction 3) and the M25 (Junction 23).

PROPERTY

Forming part of a modern detached building comprising a Ground Floor Corner Shop.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 30'1"
Return Frontage 27'8"
Internal Width 27'1"
Shop & Built Depth 26'1"
WC

VAT is applicable to this Lot

TENURE

Leasehold from 31st March 2017 to 9th August 2164 (thus having approx. 147 years unexpired) at a peppercorn ground rent.

TENANCY

The property is let on a full repairing and insuring lease to Rofooduk Ltd as an Eastern European Convenience Store/Deli for a term of 15 years from 7th September 2016 at a current rent of £20,000 per annum exclusive (see Note 1).

Rent Reviews 2021 and 2026

Note 1: The initial rent is £10,000 p.a. rising to £20,000 on 7th September 2017 and the Vendor will make up the rent shortfall 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.

17d Town Centre, Hatfield, Hertfordshire AL10 0JZ