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Lot 29 Click here for addendum

6 Week Completion

Situation

Located close to the junction with Market Street, in this busy retail pedestrianised thoroughfare adjacent to Santander, opposite Paddy Power and amongst such multiples as Costa, HSBC, Monsoon, Boot's Opticians and WH Smith.
Trowbridge is the county town of Wiltshire, located on the main A361 some 11 miles south of Chippenham, 8 miles south-east of Bath and 8 miles north of Warminster with access to the M4 (Junction 17) via the A350.

Property

Forming part of a substantial mixed use building comprising a newly fitted out Large Ground Floor Retail Unit with rear servicing via Market Street.

Accommodation

Ground Floor Retail Unit
Gross Frontage 42'1”
Internal Width 38'6”
widening at rear to 47'4”
Shop Depth 80'3”
Built Depth 93'3”
Area Approx 4,100 sq ft
Incl. WC

VAT is applicable to this Lot

Tenure

Leasehold for a term of 999 years from completion at a peppercorn ground rent.

Tenancy

The property is let on a full repairing and insuring lease (by way of service charge) to Savers Health and Beauty Limited (See Tenant Profile) for a term of 10 years from 26th July 2019 at an initial rent of £45,000 per annum exclusive (rising to £47,500 p.a. in 2021 and £50,000 p.a. in 2022) - see Note.

Rent Review and Tenant's Break 2024

Note: There is currently a rent free period which expires in April 2020 and the Vendor will make up this rent shortfall on completion.

Tenant Profile

Savers Health & Beauty Ltd have over 400 branches and in the Y/E 30/12/17 reported a Turnover of £460.3m, a Pre-Tax Profit of £44.3m and Shareholders' Funds of £64.5m.
Savers Health & Beauty Ltd are part of the A S Watson Group which is the worlds' largest Health & Beauty Retail Group with over 14,000 stores worldwide. Founded in 1841 and based in Hong Kong, the group are majority owned by CK Hutchison Holdings. Visit: www.aswatson.com

*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.

33–34 Fore Street, Trowbridge, Wiltshire BA14 8EW