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Lot 17 Click here for addendum

Freehold Commercial/Residential Investment with 9 Valuable Reversions - Gross Yield 9.5%
6 Week Completion

Situation

Located near to the junction with Church Street and approx. 150 yards from the intersection with Market Place which houses various multiple retailers such as Boots, Holland & Barrett, Costa and Savers, all serving the surrounding residential population.
Wantage lies approx. 13 miles south-west of Oxford and 13 miles north-west of Newbury and benefits from good road links to the A338 to the M4 (Junction 14).

Property

A detached building comprising 2 Ground Floor Shops with rear access to 10 Self Contained Flats on the first, second and third floors.
In addition, the property includes a front forecourt and drive-in access via a front archway to a Rear Car Park which includes 10 garages and 6/7 additional car spaces leading to a communal rear garden area.

VAT is NOT applicable to this Lot

FREEHOLD

Note 1: Flat 3 (2 Bed Duplex) sold for £98,000 in Feb. 2020 subject to a lease with approx. 49½ years unexpired (Source: zoopla.co.uk).

Note 2: Flat 8 (1 Bed Flat) sold in June 2019 for £120,000 (Source: zoopla.co.uk).

Note 3: The Freeholder insures - Current sum insured £3,726,607 and current premium £7,375.15 p.a.

Note 4: In accordance with s.5B of the Landlord and Tenant Act 1987, Notices have been served on the lessees and they have not reserved their rights of first refusal. This lot cannot be sold prior to the auction.

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 £1,000 plus 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.

20–22 Newbury Street, Wantage, Oxfordshire OX12 8DA