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

Lot 27 Click here for addendum

Gross Yield 20%
6 Week Completion

Situation

Located close to the junction with Tynewydd Road, occupying an excellent trading position in the heart of the town's main pedestrianised retail thoroughfare, opposite Kings Square, adjacent to WHSmith and Carphone Warehouse, and amongst such other multiples as Holland & Barrett, NatWest, Peacocks, Boots and many more.
Barry is a busy town and Seaside Resort on the north coast of the Bristol Channel approx. 7 miles south-west of Cardiff enjoying good road links via A4232 to the M4 (Junction 33).

Property

A mid terrace building comprising a mainly open plan Ground Floor Shop with internal access to Ancillary/Store at first floor level. In addition, the property benefits from rear access via a service road to the rear.

Accommodation

Ground Floor Shop
Gross Frontage 24'10"
Internal Width 21'1"
narrowing at rear to 15'6"
Shop Depth 56'1"
Built Depth 79'1"
Sales/Store Area Approx. 1,240 sq ft
First Floor Ancillary
Area Approx. 1,100 sq ft
2WCs
Total Area Approx. 2,340 sq ft

VAT is NOT applicable to this Lot

Freehold

Tenancy

The entire property is let on a full repairing and insuring lease to Six TCS Barry LLP t/a Card Value for a term of years from 24th July 2013 to and including 12th November 2014. The tenant has been holding over since 13th November 2014 at a current rent of £30,000 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.

128 Holton Road, Barry, South Glamorgan CF63 4HH