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Lot 7 Sold Prior

Auction: Thursday 14th May 2020

49 Teville Road, Worthing, West Sussex BN11 1UX

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Lot 7

Situation

Located close to the junction with South Farm Road in this retail parade, nearby Tesco Express and amongst a variety of independent traders, only ½ a mile from the town centre and less than 250 yards from Worthing Train Station (National Rail).
Worthing is a popular seaside resort and a busy commercial centre lying 9 miles west of Brighton, enjoying excellent road links via the A27.

Property

Forming part of a mid-terrace building comprising a Ground Floor Shop.

Accommodation

Ground Floor Shop
Gross Frontage 22'4”
Internal Width 20'7”
narrowing at rear to 13'3”
Shop & Built Depth 31'0”
WC

VAT is applicable to this Lot

Tenure

Leasehold for a term of 999 years from 25th March 2001 at a peppercorn ground rent.

Tenancy

The property is let on a full repairing and insuring lease to C. M. De Souza (Beauty Salon) (see Note) for a term of 5 years from 20th December 2019 (excl. s.24-28 of L & T Act 1954) at a current rent of £7,000 per annum exclusive.

Tenant's Break December 2020.

Note: The tenant is currently fitting out and plans to open by the end of March 2020.

Enquire about this lot:

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

*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.