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Lot 13 Click here for addendum

In same ownership for over 30 years
6 Week Completion

Situation

Located in this retail parade, close to the junction with Yelverton Road, amongst a variety of local traders all serving the surrounding residential and commercial area, approximately 1½ miles north of Coventry City Centre.
Coventry is a major commercial centre located some 18 miles east of Birmingham, 9 miles north of Warwick, enjoying easy access to the M6 (Junctions 2 and 3).

Property

Forming part of terraced building in need of complete refurbishment comprising a Ground Floor Shop with separate front access to a 3 Bed Flat on part ground and first floor levels.

Accommodation

Ground Floor Shop
Gross Frontage 24'0”
Internal Width 11'5” (max)
Shop & Built Depth 29'4”
2 WCs
Part Ground & First Floor Flat
3 Bedrooms, Living Room, Kitchen, Bathroom/WC
(GIA Approx 840 sq ft)

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years (less 1 day) from 29th September 1933 at a fixed ground rent of £0.50 p.a.

Offered with VACANT POSSESSION

Note: There is a lower ground floor in the building accessed from the rear which is not included in the sale.

Viewing Times

Wednesday 16th October at 12:30pm; Tuesday 22nd October at 12:30pm

*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.

2/2a Holbrook Lane, Coventry, West Midlands CV6 4AB