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

Lot 4

6 Week completion

SITUATION

Located in a prominent position on this busy retail thoroughfare, opposite the junction with Victoria Road, amongst such multiples as Boots, Barclays, Caffe Nero, Santander, Waitrose, a new Aldi and just 250 yards from Coulsdon Town Mainline Station.
The street benefits from 30 minutes free parking for shoppers.
Coulsdon is a popular Surrey town approximately 3 miles south of Purley and 4 miles north of the M25 (Junction 6).

PROPERTY

A mid terrace building comprising a Ground Floor Shop and Basement with separate rear access to a Self-Contained Flat on the first and second floors.
In addition, the property includes a Rear Yard and Store with parking for 1 car which is served via a rear service road.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 18'6"
Internal Width 16'6"
Shop Depth 33'0"
WC
Basement
Area Approx. 180 sq ft plus WC
First & Second Floor Flat
3 Bedrooms, Living Room, Kitchen, Bathroom and sep. WC

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to T. R. Mitchell as a Dry Cleaners (established 1992) for a term of 15 years from 25th December 2007 at a current rent of £23,000 per annum exclusive.

Rent Review 2020

Note 1: There is potential to convert the upper part into 2 flats, subject to obtaining possession and the necessary consents.

*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.

124 Brighton Road, Coulsdon, Surrey CR5 2ND