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

Lot 34 Click here for addendum

Gross Yield 13.8%
On behalf of a Charitable Trust

Situation

Located close to the junction with North John Street in the heart of the town centre directly opposite Iceland and amongst such multiple traders as William Hill, HSBC, Wilko, Pizza Hut and a host of local traders.
St Helens lies approx. 11 miles north-east of Liverpool enjoying easy access to the M6 (Junction 23) and M62 (Junction 7).

Property

An end of terrace building comprising a Ground Floor Coffee Shop/Tea Room.

Accommodation

Ground Floor Shop
Gross Frontage 15'1"
Internal Width 13'4"
Shop and Built Depth 19'5"
WC

VAT is NOT applicable to this Lot

Freehold

Tenancy

The entire property is let on a full repairing and insuring lease to
Ms Mandy Stanley t/a Florries Tea Room for a term of 3 years from 4th June 2018 at a current rent of £6,240 per annum exclusive.

Tenant's Break June 2020 on 3 months prior notice.

Note 1: A Rent Deposit of £1,560 is held.

Note 2: 6 Week Completion.

*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.

36 Ormskirk Street, St Helens, Lancashire WA10 2TF