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

Lot 25

6 Week completion

SITUATION

Located in this attractive village, close to the junction with Church Street, and serving the surrounding affluent residential area. Nearby multiples further along the High Street include Martins, The Co-operative Food, Barclays, Post Office and Cancer Research.
Steyning is situated 12 miles north-west of Brighton, 9 miles north of Worthing and benefits from good road links via the A283 which links to the A24.

PROPERTY

An end of terrace Grade II Listed building comprising a Ground Floor Shop with internal access to a Storage Area at first floor level. The property benefits from lay-by parking at the front.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 18'6"
Internal Width 16'5"
narrowing to 12'3"
Shop Depth 34'2"
Built Depth 59'1"
WC
First Floor Storage
Area Approx. 680 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to M & O Trading Ltd (with personal Guarantor) as an Off Licence (having 35 branches trading under the names of Hartleys (Off-Licence) & Mulberry (Convenience Stores) (T/O for Y/E 31/05/16 £25.3m, Pre-Tax Profit £170,015 and Shareholders' Funds £1.28m) for a term of 15 years and 3 months from 25th June 2010 at a rent of £15,000 per annum exclusive.

Rent Review 2020

*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.

24 High Street, Steyning, West Sussex BN44 3GG