Property Auctions London, Property Auctioneers London, London Property Auctions, Property Auctions London

Lot 1

ON BEHALF OF EXECUTORS
6 Week completion

SITUATION

Occupying a busy trading position close to the junction with Church Road (A2001) amongst such multiples as a Co-op Funeral Care, Little Waitrose, Travelodge, Card Factory, Subway, Santander, Poundland, Costa and more.
Sidcup lies approximately 5 miles east of Bromley, 14 miles south-east of Central London and benefits from good road links via the A20.

PROPERTY

A mid terrace building comprising a Ground Floor Café with rear Storage/Garage extension plus separate front access to a Self-Contained Flat on the first and second floors. In addition, the property benefits from the use of a rear service road for unloading.

ACCOMMODATION

Ground Floor Café (42 covers)
Gross Frontage 20'6"
Internal Width 17'9"
Shop Depth 51'8"
Built Depth 93'11"
Café/Kitchen Area Approx. 715 sq ft
Store Area Approx. 265 sq ft
Garage Area Approx. 485 sq ft
3 WCs
First & Second Floor Flat
3 Bedrooms, Living Room, Kitchen, Shower Room/WC & sep WC*
*Not inspected by Barnett Ross

VAT is applicable on 80% of the purchase price on this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Amelia Burdof as a Café for a term of 20 years from 25th March 2013 at a current rent of £12,950 per annum exclusive.

Rent Reviews 2018 & 5 yearly

Tenant's Break 2018

Note 1: There is a £6,475 Rent Deposit held.

*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 £1,000 plus 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.

12/12a High Street, Sidcup, Kent DA14 6EZ