Property Auctions London, Property Auctioneers London, London Property Auctions, Property Auctions London

Lot 19

6 Week completion

SITUATION

Occupying a prominent corner position in the town centre at the junction with Bryanston Street, directly opposite Iceland and amongst nearby multiples such as Carphone Warehouse, Connells, Subway, Boots, Hays Travel and many more, as well as a variety of local traders.
Blandford Forum is an attractive town located approximately 16 miles north-west of Bournemouth and 21 miles south-west of Salisbury, enjoying good road access via the A350 and A354.

PROPERTY

A Grade II Listed end of terrace building comprising a Ground Floor Shop with Ancillary/Storage at first floor level.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 15'4"
Internal Width 13'8" (max)
Shop & Built Depth 26'1"
First Floor Ancillary
1 Room, Kitchen, WC

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Julia's House Limited as a Charity Shop (having 10 branches) (T/O for Y/E 31/12/16 £6.6m, Pre-Tax Profit £1.2m and Shareholders' Funds £9.79m) for a term of years from 24th June 2007 until 28th September 2017 at a current rent of £12,000 per annum exclusive.

Note 1: A Section 27 Notice has been served by the tenant confirming that they will not be renewing the lease after expiry on 28th September 2017 and thereafter the property will be vacant.

*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.

33 Salisbury Street, Blandford Forum, Dorset DT11 7AU