The property is situated on the south side of Westgate Street in an established trading location, between its junctions with Berkeley Street and Northgate Street.
Occupiers close by include KFC (opposite), William Hill, Nationwide, McDonald's, The Works and the British Heart Foundation amongst many others.
The property is arranged on ground and three upper floors to provide a ground floor shop presently trading as a hairdressers, with a self-contained flat above which has been sold off on a long lease.
VAT is not applicable to this lot.
Total Current Rents Reserved £12,000 p.a.
Buyers Fee -The successful purchaser will be required to pay the auctioneers administration fee of £600 inclusive of VAT. Other additional costs/fees may apply please see Special Conditions of Sale.
This auction lot is now closed.
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|No.||Present Lessee||Accommodation||Terms of Lease Agreement||Current Rent £ p.a||Next Review / Reversion|
|E Kocager (2)||Gross Frontage
Shop and Built Depth
|10 years from 09.07.2018 (2)
Rent Review in the 5th year
FR & I subject to a schedule of condition
(1) The lease provides for a tenant's option to break on the 3rd anniversary
|£12,000 p.a.(3)||Rent Review 2023 (1)|
and 3rd floors
|Individual||Flat||199 years from 10.10.2007||Peppercorn||Reversion 2206|
|Total £12,000 p.a.|