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Lot 12 Click here for addendum

Freehold investment – Shop & Flat
Gross Yield 12.3%
6 Week Completion

Situation

Located close to the junction with Sandy Lane in this fully occupied retail parade nearby a Co-operative Food Supermarket and Post Office and amongst a variety of independent traders all serving the surrounding residential area, lying approximately 1½ miles north of Farnborough Town Centre.
Farnborough is a popular commuter town located approximately 8 miles north-west of Guildford and 13 miles east of Basingstoke.

Property

A mid terrace building comprising a Ground Floor Shop and Rear Yard with separate rear access to a Self-Contained Flat on the first and second floors. The property also includes a Garage.

VAT is NOT applicable to this Lot

FREEHOLD

Tenant Profile

The Coral brand of betting shops forms part of Entain plc, a FTSE 100 company that is one of the world's largest sports betting and gaming groups operating in the online and retail sector. Entain is licensed and operates in more than 20 countries, across five continents around the globe (see: https://entaingroup.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.

312/312a Fernhill Road, Farnborough, Hampshire GU14 9EE