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

Lot 18 Click here for addendum

REVERSIONARY GROUND RENT INVESTMENT

SITUATION

Occupying a prominent trading position in this busy shopping parade amongst a variety of local and multiple traders including Iceland, The Co-Operative Food, Martin's and Greggs all serving the surrounding residential suburb, which lies approx. 5½ miles from Bristol City Centre.
Bristol is a major commercial and financial centre with fast links to the M4 and M5 lying some 12 miles north-west of Bath and 35 miles west of Swindon.

PROPERTY

An end of terrace Post War building comprising a Ground Floor Shop with separate front access via a rear communal staircase to a Self-Contained Flat on the first and second floors with uPVC windows.
In addition, the property includes Land at the Rear
(see Note).

ACCOMMODATION

Ground Floor Shop
Gross Frontage 19'4"
Internal Width 16'10"
Shop Depth 38'0"
Built Depth 46'4"
2 WCs
First & Second Floor Flat
Not inspected - 3 Rooms, Kitchen, Bathroom/WC
Land at Rear (see Note)

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The property is let on a full repairing and insuring lease to M. Patel & A. Patel (sublet to William Hill Bookmakers) for a term of 99 years (less 10 days) from 24th June 1965 at a current rent of £250 per annum exclusive.

Valuable Reversion in approx. 46 years

Note: The Freehold Title includes a rear section of Land with drive-in access on which there are 4 car spaces allocated for communal use with the 3 neighbouring properties. This Land is not demised in the head lease so there may be a possibility of some additional rental income.

*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.

133 Crow Lane, Henbury, Bristol, BS10 7DS