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Lot 15

Freehold Commercial Investment – Gross Yield 10.1%
6 Week Completion

Situation

Occupying a prominent position, diagonally opposite the junction with Bond Street in the town's pedestrianised retail thoroughfare, adjacent to Boots Pharmacy , opposite Robert Dyas and amongst other multiple retailers as Waterstones, Marks & Spencer, TUI, Clarks, Costa and many others.
Yeovil is a market town situated some 12 miles north of Dorchester and 40 miles south of Bristol with good road links to the M5 (Junction 25) and A303 which links to the M3 (Junction 8).

Property

A mid terrace building comprising a large Ground Floor Shop with internal access to Ancillary Accommodation on the first floor.

Accommodation

Ground Floor Shop
Gross Frontage 39'11''
Internal Width 38'5''
Shop & Built Depth 42'5''
Area incl. 3 Consulting Rooms Approx. 1,435 sq ft
First Floor Ancillary
Area Approx. 830 sq ft
2 WCs

Total Area Approx. 2,265 sq ft

VAT is applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to Boots Opticians Professional Services Limited (having over 600 branches) (T/O for Y/E 31/08/2021 £355.7m, Pre-Tax Profit £24.1m and Shareholders' Funds £133.67m) for a term of 5 years from 1st October 2020 (renewal of a previous lease - in occupation since 2009) at a current rent of £35,250 per annum exclusive (previously let at £68,000 p.a. prior to the lease renewal in 2020).

Tenant's Break October 2023

Enquire about this lot:

JOINT AUCTIONEER:
Day and Bell Surveyors
Tel: 020 8445 3611 Ref: Alex Mason
alex.mason@dayandbell.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.

39-41 Middle Street, Yeovil, Somerset BA20 1LG