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Lot 9

Freehold Commercial Investment – Gross Yield 9.5%
In same family ownership since 1996
6 Week Completion

Situation

Occupying a prominent corner position at the junction with Rushbottom Lane on the North side of London Road (A13), opposite a Harvester, adjacent to Nisa, with Aldi at the rear and nearby other multiples such as Wimpy, Tesco Express, KFC and Domino's.
Benfleet is located between Basildon and Southend approximately 29 miles east of Central London.

Property

A modern detached building comprising:
• 1 Ground Floor Double Shop with a Basement and Offices on the first floor.
• 2 Ground Floor Shops.
• The property benefits from the use of 10 Car Parking Spaces at the rear (see Note).

VAT is NOT applicable to this Lot

FREEHOLD

Note: The Freeholder benefits from the use of 10 Car Parking Spaces by way of a Transfer Granting Right dated 15th August 1996 - See Legal Pack. The Freeholder pays a Maintenance Charge for the use of the Car Park and Rear Service Road which is recovered in full from the Tenants.

*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.

109/115 (odd) London Road, Benfleet, Essex SS7 5UH