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Lot 12
82 Croydon Road, Caterham, Surrey CR3 6QD

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Sold: £113,000

6 Week completion

SITUATION

On this busy road close to the junction with Colin Road, nearby such multiples as Domino's, Co-operative Food, Magnet, Papa John's, TaxAssist Accountants and a host of established traders and just a short walk to a Waitrose and Caterham Rail Station.
Caterham is located 6 miles south of Croydon and benefits from excellent road links via the M25 (Junction 6) and A22.

PROPERTY

Forming part of an end of terrace building comprising a Ground Floor Take-Away with A5 Use. In addition the property benefits from front forecourt parking for 2 cars.

ACCOMMODATION

Ground Floor Take-Away
Gross Frontage 16'5"
Internal Width 14'9" (max)
Shop Depth 25'11"
Built Depth 37'10"
WC

VAT is NOT applicable to this Lot

TENURE

Leasehold for a term of 999 years from completion at a peppercorn ground rent.

TENANCY

The property is let on a full repairing and insuring lease to an Individual trading as Mazzy's Grill for a term of 20 years from 25th April 2012 at a current rent of £7,000 per annum exclusive.

Rent Reviews 2017, 2022 and 2027

*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.