Lot 8 23-25 High Street, Yeovil, BA20 1RU

Bidding Closed

Sold

Property Enquiries

John Connolly

john.connolly@bidx1.com
+44 (0) 78 4505 0433

Viewing/ Registration Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Finance UK

finance@uk.bidx1.com
tbc
Description
Map
Viewings

Addendum
Completion shall be 40 working days from exchange of contracts.
Property Summary
  • By order of the Administrators
  • Substantial Grade II Listed freehold town centre building of approximately 4,054 sq m (43,645 sq ft)
  • Potential for alternative use, subject to consents
  • Full vacant possession
Tenure

Freehold

Location

Yeovil is an established market town located in the district of South Somerset. It is approximately 28 miles east of Taunton, 40 miles south of Bristol and 130 miles south west of Central London. Yeovil Junction provides direct trains to London Waterloo in approximately 2 hours 20 minutes, Weymouth in 49 minutes and Exeter in 54 minutes. The A37 provides direct links to Bristol and onwards to the M4 and M5 motorways. The properties are located on the High Street and within a short walk of the Quadam Shopping Centre and Yeovil’s various licenced and leisure amenities. Nearby occupiers include M&S, H&M, Primark, River Island, JD Sports, Boots, WHSmith, Café Nero and Superdrug. 

Description

A prominent corner building of traditional construction under a mansard roof comprising a town centre former department store with large frontage onto the High Street and rear frontage onto Hendford. The property is arranged over lower ground, ground and three upper floors and benefits from a loading area to the rear via South Street along with parking. Previously, retail sales extended across the lower ground, ground, first and second floors with ancillary storage and staff accommodation including offices at third floor. We understand that 23–25 High Street is Grade II Listed and the property is situated within the Yeovil Town Centre Conservation Area. 

Planning

The property offers an opportunity to either redevelop or convert the existing buildings into a range of alternative uses such as reconfigured retail, offices, residential, co-living, hotel, licenced and leisure, subject to the usual planning consents and in accordance with listing and conservation area legislation where applicable. Prospective purchasers are advised to make their own enquiries of the local planning authority.

South Somerset District Council, 01935 462462 - Weblink

VAT
Please refer to Legal Documents
Property Table

Accommodation

AddressAccommodationSize
TOTAL 4,054.8 sq m (43,645 sq ft)
Third floorOffices / ancillary520.3 sq m (5,600 sq ft)
Second floorRetail / Restaurant1,059.1 sq m (11,400 sq ft)
First floorRetail1,075.8 sq m (11,580 sq ft)
Ground floorRetail1,048.4 sq m (11,285 sq ft)
Lower ground floorRetail & Storage351.2 sq m (3,780 sq ft)

(1) The accommodation above comprises of the former Beales layout.
(2) We have been provided with these measurements by the seller, interested parties should rely on their own due diligence.

Joint Agent:

Jamie Lamond
Avison Young
jamie.lamond@avisonyoung.com
+44 (0)20 7911 2123

EPC

Refer to legal pack


*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,250 (inclusive of VAT) charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,750 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All lots sold “Subject to Vendor Confirmation” will be subject to the acceptance and confirmation by the Vendor. The highest bid will be presented to Vendor, the vendor will have to either accept, decline or make a counter offer the highest bid within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising the offer the Vendor is willing to accept. The Highest Bidder will have to either accept or reject the Vendor’s counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.


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