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Lot 40 Click here for addendum

6 Week completion

SITUATION

Located in this established parade close to the junction with High Street amongst a variety of local traders serving the surrounding residential area.
Northwood is a prosperous and sought after residential suburb which lies approx. 14 miles north-west of central London and being approx. 4 miles to the M25 (Junction 18).

PROPERTY

Forming part of a semi-detached building comprising a Ground Floor Shop.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 18'11”
Internal Width 16'11”
narrowing at rear to 11'0”
Shop Depth 23'0”
Built Depth 28'4”
WC

VAT is NOT applicable to this Lot

TENURE

Leasehold for a term of 189 years from 24th June 1985 (thus having approx. 157½ years unexpired) at a peppercorn ground rent.

TENANCY

The property is let on a repairing and insuring lease by way of service charge to London Supps Ltd (Vitamins and nutrition supplements retailer having 4 branches - tenant projects to open 10 locations in and around London within the next 2 years - source: www.londonsupplements.co.uk) for a term of 5 years from 4th March 2016 (renewal of a previous lease - in occupation since 2013) at a current rent of £10,000 per annum exclusive rising to £12,500 p.a. in 2019.

*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 £1,500 including 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.

130 Pinner Road, Northwood, Middlesex HA6 1BP