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Lot 9 Click here for addendum

6 Week completion

SITUATION

Located in a prominent position in the centre of this affluent town, 12 miles west of Tonbridge and 8 miles north-east of East Grinstead and within 14 miles of the M25.
Nearby multiple traders include Costa, Coral and Lloyds Bank and is directly opposite Eden Valley Museum.

PROPERTY

An attractive corner building (ex-Bank) comprising a Ground Floor Take-Away with internal access to 2 Upper Floors used for preparation and staff areas. In addition, there is drive-in access to a private rear yard for parking a minimum of 5 vehicles.

ACCOMMODATION

Ground Floor Take-Away
Gross Frontage 30'0"
Internal Width 27'0"
Shop Depth 17'0"
Built Depth 40'7"
First Floor
1 Office, 2 Store Rooms, 1 Prep Room, Cloakroom/WC
Second Floor
2 Rooms

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 DP Realty Limited (having 858 branches) (T/O for Y/E 25/12/16 £22.48m Pre-Tax Profit £2.13m and Shareholders' Funds £3.36m) for a term of 20 years from 25th November 2014 at a current rent of £14,500 per annum exclusive.

Rent Reviews 2019 and 5 yearly

Tenant's Break 2025

Note 1: The tenant has an option to renew the lease for a further 20 years from 2034.

Note 2: The property has been sublet to a franchise at £14,500 p.a.

Note 3: The Purchaser will receive a personal signed cricket bat by the Vendor, former England Cricketer Mark Ramprakash, following completion of the sale.

*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.

65a High Street, Edenbridge, Kent TN8 5AP