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Lot 10 Click here for addendum

6 Week Completion

Situation

Located in the centre of this pleasant village in the main shopping precinct, directly opposite Co-op Food and amongst a variety of local traders as well as a Co-op Funeralcare and serving the surrounding residential area.
The Stretton Medical Centre is within a few hundred yards distant.
Stretton is located just off the main A38 some 2 miles north of Burton-on-Trent , 11 miles from the M42 (Junction 11) and 17 miles from the M1 (Junction 23).

Property

An end of terrace building comprising a Ground Floor Shop with separate rear access to a Self-Contained Flat on the first floor with uPVC double glazing. In addition, the property benefits from use of a front shoppers' car park and 2 Car Spaces within a rear car park.

Accommodation

Ground Floor Shop
Gross Frontage 22'3"
Internal Width 20'5"
widening to 22'9"
Shop & Built Depth 49'8"
WC
First Floor Flat
2 Bedrooms, Living Room, Kitchen, Bathroom/WC
(GIA Approx. 525 sq ft)

VAT is applicable to this Lot

Tenure
Leasehold for a term of 2,000 years from 24th June 1987 at a peppercorn ground rent.

Tenancy

The entire property is let on a full repairing and insuring lease to Dean & Smedley Limited as a Pharmacy (a family run Pharmacy founded in 1927 and having 11 branches within a 15 mile radius of Burton) for a term of 15 years from 29th September 2009 at a current rent of £8,700 per annum exclusive.
Rent Review September 2019 (Landlord quoted £11,000 p.a.).

Tenant's Break September 2019

Note 1: The tenant did not operate their 2014 Break Clause.

Note 2: We are informed that the adjoining shop (Unit 2) is let at £8,400 p.a. which does not include the flat.

*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.

Unit 1 The Precinct, Main Street, Stretton, Burton-on-Trent, Staffordshire DE13 0DZ