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Lot 50 Click here for addendum

Gross Yield 10.7%
6 Week Completion

Situation

Occupying a prominent trading position in the town centre on the west side of Crown Street which connects Weaver Square Shopping Precinct with the High Street, amongst such multiples as McDonalds, Specsavers, Lloyds, Tui, Holland & Barrett, Carphone Warehouse, Boots and New Look whilst also being just 250 yards from the newly developed Barons Quay Shopping Centre housing M&S, ASDA, Wildwood and an Odeon Cinema.
Northwich lies approximately 19 miles south-west of Manchester and 23 miles south-east of Liverpool.

Property

An end of terrace building comprising a Café planned on ground and first floors.

Accommodation

Ground Floor Café
Gross Frontage 29'3”
Internal Width 27'8”
Shop Depth 25'0”
Built Depth 31'3”
Ground Floor Area Approx 690 sq ft
First Floor Café
Seating Area Approx 470 sq ft
Kitchen Area Approx 120 sq ft
Ladies & Gents WCs
Total Area Approx 1,280 sq ft

VAT is applicable to this Lot

Freehold

Tenancy

The entire property is let on a full repairing and insuring lease (subject to a schedule of condition) to Abda Limited as a Café for a term of 5 years from 23rd February 2018 (excl. s.24-28 of L & T Act 1954) at a current rent of £15,000 per annum exclusive.

*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.

6 Crown Street, Northwich, Cheshire CW9 5AX