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Lot 9 Click here for addendum

Freehold Commercial Investment
6 Week Completion

Situation

Located in the town centre near Howardsgate and the Howard Centre, the principal retailing area of the town, adjacent to KFC and nearby branches of Sainsburys, Argos, Iceland, Holland & Barrett, Pizza Express, Halifax Bank, Waterstones, Bills and Costa. In addition one of the main town centre car parks is situated only a few doors away in Church Road.
Welwyn Garden City is a popular Hertfordshire town located approximately 25 miles north of London and benefits from good road access via the A1(M) (Junctions 4, 5 & 6).

Property

A mid terrace building comprising a Ground Floor Shop with internal access to a Beauty Salon on the first floor. In addition the property benefits from use of a rear service road.

Accommodation

Ground Floor Shop
Gross Frontage 17'8”
Internal Width 16'10”
Shop Depth 29'1”
Built Depth 36'5”
First Floor
Tanning, Beauty & Nail Salon, Kitchen Area Approx. 500 sq ft
WC

VAT is applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to L. Weller and H. Pearce trading as Spectrum Hair Tanning & Beauty Salon for a term from 6th July 2017 to 31st May 2030 at a current rent of £30,150 per annum exclusive rising to £33,165 per annum on 1st May 2025.

There is a £7,982.37 Rent Deposit held.

*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.

44 Fretherne Road, Welwyn Garden City, Hertfordshire AL8 6NU