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Lot 17 Click here for addendum

By order of a Public Company

6 week completion

Situation

In this prime location in the heart of the towns' pedestrianised retail thoroughfare, adjacent to Rymans and amongst such multiples as Costa, Boots, Greggs, Trespass, Sports Direct, William Hill and many more.
Stafford is the County Town of Staffordshire, situated approximately 25 miles north of Birmingham.

Property

A mid terrace building comprising a Ground Floor Shop with internal access to Ancillary Accommodation at first floor level.

Accommodation¹
Ground Floor Shop
Gross Frontage 26'3"
Internal Width 22'1"
Built Depth 68'3"
Sales Area Approx. 1,435 sq ft
Store Area Approx. 305 sq ft
First Floor Ancillary
Area Approx. 810 sq ft plus WCs

Total Area Approx. 2,550 sq ft

¹Not inspected by Barnett Ross. Areas provided by Vendor.

VAT is applicable to this Lot

Freehold

Tenancy

The entire property is let on a full repairing and insuring lease to H Samuel Limited as a Jewellers (having over 300 branches) (T/O for Y/E 30/01/16 £247.4m, Pre-Tax Profit £17.9m and Shareholders' Funds £103.9m) for a term of 5 years from 12th February 2016 at a current rent of £41,000 per annum exclusive reducing to £15,000 per annum exclusive from 12th February 2019.

Mutual Rolling Break from February 2019 on three months notice.

*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.

33 Gaolgate Street, Stafford, Staffordshire ST16 2NT