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Lot 1 Click here for addendum

6 Week completion

SITUATION

Close to the junction with White Hart Road and occupying a prominent trading position, nearby such multiples as Pizza Express, Peacocks and Greggs plus a variety of local restaurants, independent traders and the Walnut Shopping Centre.
Orpington lies approximately 12 miles south-east of central London and benefits from good road links via the M25 (Junction 3).

PROPERTY

A mid terrace building comprising a Ground Floor Shop with separate rear access to a Self-Contained Flat at first and second floor levels. In addition, the property includes a Rear Yard.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 16'6"
Internal Width 16'1"
Shop Depth 45'6"
Built Depth 61'10"
WC
First & Second Floor Flat
3 Bedrooms, Living Room, Kitchen, Bathroom, WC

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Foxfones UK Limited as a Phone & Tablet Repairer for a term of 6 years from 23rd February 2017 at a current rent of £22,000 per annum exclusive.

Rent Review 2020

Note 1: A £5,000 Rent Deposit is held.

Note 2: The Tenant sublets the Flat on an AST.

*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.

112 High Street, Orpington, Kent BR6 0JT