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Lot 10 Click here for addendum

Freehold Commercial/Residential Investment
8 Week Completion

Situation

Located close to the junction with St John's Lye, in the centre of St John's Village, directly opposite a Co-op Convenience Store and amongst a variety of independent retailers, all serving the surrounding residential area, approximately 1½ miles from Woking town centre.
Woking is an affluent Surrey town situated midway between Weybridge and Guildford and has established itself as one of Surrey's major commercial and retail centres which benefits from its proximity to the A3, M3 and M25.

Property

A mid terrace building comprising a Ground Floor Take-Away with internal and separate side access to the rear of the property leading to Staff/Residential Accommodation on the first floor.

Accommodation

Ground Floor Take-Away
Gross Frontage 17'0"
Internal Width 15'4" (max)
Shop Depth 32'1"
Built Depth 63'9"
First Floor Staff/Residential Accommodation
3 Rooms, Shower/WC

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to M. K U. Bhuiyan t/a Fireaway Pizza (see Tenant Profile) for a term of 20 years from 24th February 2022 at a current rent of £19,000 per annum exclusive.

Rent Reviews 2027 and 5 yearly

Tenant's Break 2032

Tenant Profile

The Fireaway brand trades from over 120 stores in the UK (visit: www.fireaway.co.uk). The tenant is a franchisee of Fireaway and has advised he operates 3 Fireaway branches.

Note 1: The Vendor understands the residential accommodation was previously Self-Contained.

Note 2: There is a £4,750 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.

2 St Johns Road, Woking, Surrey GU21 7SE