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Lot 12

6 Week completion

SITUATION

Occupying a busy trading position on one of the town's main retail thoroughfares, close to the junction with Poole Road, sitting amongst a variety of local cafés, eateries, estate agents as well as Marks & Spencer Foodhall, Café Rouge, Coral, Costa, HSBC and many other traders all serving the surrounding residential area.
Westbourne is a suburb of Bournemouth which is a popular seaside resort on the south coast, approx. 3½ miles east of Poole and 25 miles south-west of Southampton.

PROPERTY

A mid terrace building comprising a Ground Floor Double Shop and Basement with separate front access to 5 Self-Contained Flats on the first and second floors.

VAT is NOT applicable to this Lot

FREEHOLD

TENANT PROFILE

W S Retail Ltd trade under the ‘Central Convenience Stores', ‘Central Garage Forecourt' and ‘Central Newsagent' brands operating from over 107 managed stores and 21 franchised stores. In addition, the tenant has advised they are adding around 30 managed stores a year.
For Y/E 02/04/16 W S Retail Ltd reported a T/O of £54.98m, Pre-Tax Profit £805,000 and Shareholders' Funds £500,000. The ultimate Parent Company is Palmer & Harvey (Holdings) Plc.

*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.

45/47 Seamoor Road, Westbourne, Bournemouth, Dorset BH4 9AE