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Lot 42 Click here for addendum

Gross Yield 11.75%

6 week completion

Situation

Located close to the junction with Cemetery Road in this mixed commercial and residential area, amongst various multiple retailers such as Fulton Foods, Heron Foods, Lloyds Bank, Coral, Betfred as well as a host of local traders.
Woodlands is a village which lies approx. 3½ miles north-west of Doncaster town centre and benefits from excellent road links via the A1(M) (Junction 38) just a short distance away. Adwick Interchange (National Rail - Northern Line) Train Station is only approx. 1 mile distant.

Property

A mid terrace building comprising a Ground Floor Shop with internal access to Ancillary Accommodation on the first floor. The property includes a rear parking area with space for 2 cars and in addition benefits from the use of a rear service road for deliveries.

Accommodation

Ground Floor Shop
Gross Frontage 15'10"
Internal Width 15'2"
Shop Depth 27'2"
Built Depth 66'8"
First Floor Ancillary
Area Approx 313 sq ft
WC

VAT is NOT applicable to this Lot

Freehold

Tenancy

The entire property is let on a full repairing and insuring lease to Cooplands Direct Limited as a Bakery (having 30 branches) for a term of 10 years from 26th March 2018 (renewal of a previous lease) at a current rent of £10,000 per annum exclusive.

Rent Review 2023

*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.

262 Great North Road, Woodlands, Doncaster, South Yorkshire DN6 7HP