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Lot 6

REVERSIONARY GROUND RENT INVESTMENT
6 Week completion

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

A mid terrace building comprising a Ground Floor Shop with separate rear access via a communal staircase to a Self-Contained Flat on the first and second floors.
In addition, there is a rear External Store and Parking for 1 car which is accessed from Machin Road.

VAT is NOT applicable to this Lot

FREEHOLD

ACCOMMODATION

Ground Floor Shop
Gross Frontage 18'2"
Internal Width 16'10"
widening to 17'5"
Shop Depth 38'3"
Built Depth 45'0"
Store Area Approx. 33 sq ft
Kitchenette, WC
External Store
Area Approx. 310 sq ft
First and Second Floor Flat
Not inspected.

TENANCY

The entire property is let on a full repairing and insuring lease to St Peter's Hospice Limited for a term of 99 years from 25th March 1954 at a current rent of £61.50 per annum exclusive.

Valuable Reversion in approx. 35 years

Note: The flat is sub underlet for 99 years (less 3 days) from 25th March 1954 at a ground rent of £30 per annum.

*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.

169 Crow Lane & 66 Machin Road, Henbury, Bristol BS10 7DR