Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • To be offered on Wednesday 25 February
    • High Yielding Retail Investment
    • Let to FTK Group Limited with Personal Guarantor
    • Trading as a Sandwich Shop
    • New Six Year Lease Expiring 31.01.2032
    • High Footfall Pitch
    • VAT-Free Investment
    • Investment Let at £6,500 p.a. (13% GIY on Guide Price)

    Description

    The property comprises a high yielding retail investment opportunity let on a new lease to a sandwich shop.

    Arranged across ground floor only, the property is let to FTK Group Limited (with a personal guarantor) on a new six year lease expiring 31.01.2032 and paying £6,500 per annum. We understand a rent deposit of £1,350 is held.

    The property occupies a prominent pitch with a frontage to Ashley Road; an arterial route and the principal retail amenity for Parkstone, an affluent Poole suburb. The street features a variety of local and national retailers, including Iceland, Greggs and Waitrose.

    Additional information

    Tenure

    Leasehold - 999 Year Lease at Peppercorn Rent

    Tenancy

    The property is let to FTK Group Limited (with a personal guarantor) on a new six year lease expiring 31.01.2032 and paying £6,500 per annum. The lease is on effective full repairing and insuring terms (via service charge) and we understand a rent deposit of £1,350 is held.


    The initial rent under the lease is £5,400 per annum, with fixed rental uplifts to the headline rent of £6,500 per annum. The Vendor will "top up" the rent from completion to the full headline rent. Please see the legal pack for more information.

    Rent

    £6,500 per annum
      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Legal documents

      Login to view legal documents

      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums