Lot 56 Freehold Town Centre Commercial InvestmentAuction Date:
13th December 2023
48A Middle Street, Yeovil, Somerset, BA20 1LX
Currently let at £15,000 per annum
Situated in Yeovil town centre in proximity to large retailers such as Specsavers, Waterstones and Boots, is this mid-terrace commercial property arranged over two floors. The ground floor is currently used as a barber shop with the first floor having a large ancillary space. The property is likely to be of interest to investment buyers looking to start or add to their property portfolio.
Ground Floor
Glazed frontage with door to reception area and salon and inner lobby with ladies and gents cloakroom W.C.s.
First Floor
Landing, hallway and open ancillary space with kitchen area.
Outside
Rear courtyard.
Tenancy
Let on a five-year lease from 1st November 2020 to 31st October 2025 at a current rental of £15,000 per annum.
Auctioneer’s Note
For information relating to the rateables value and other available data go to www.gov.uk/correct-your-business-rates and enter the postcode into the appropriate search field.
Viewing
No internal inspections are available. Prospective bidders are requested not to contact the tenants direct.
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
