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Lot 1

ON BEHALF OF EXECUTORS
6 Week completion

SITUATION

Located opposite the junction with Uxendon Crescent, within a few yards of Preston Road Underground Station (Metropolitan Line) nearby a Paddy Power as well as a variety of local traders serving the surrounding residential area.
Wembley lies some 7 miles north-west of central London and benefits from good road links via the A406 and M1 (J1).

PROPERTY

A mid terrace building comprising a Ground Floor Shop with separate rear access to a Self-Contained Flat on the first and second floors. In addition, the property benefits from a rear hard standing area accessed via a rear service road which provides parking for approx. 4 cars.

Note 1: There is a rear single storey extension used as a religious temple which is built on Nos. 267 & 269 with the smaller part of this extension being on No. 269.

VAT is NOT applicable to this Lot

FREEHOLD

ACCOMMODATION

Ground Floor Shop
Gross Frontage 18'8"
Internal Width 17'6"
Shop Depth 37'9"
Built Depth 43'8"
Sales Area Approx. 660 sq ft
WC

First and Second Floor Flat
(with gas central heating)
5 Rooms, Kitchen, Shower Room, WC.

TENANCY

The entire property is let on a full repairing and insuring lease to Theivatheeswary Selvendran as a Post Office for a term of 15 years from 24th June 2009 at a current rent of £22,280 per annum exclusive.

Rent Reviews 2014 (Outstanding) and 2019.

Note 2: The tenant also trades from the adjoining shop (No. 267) which interconnects with No. 269 at ground floor level, but is not included in the sale.

Note 3: The tenant has recently sublet the shop for a term of 5 years from 17th March 2016 at £24,000 p.a. exclusive. The sublessee had not yet commenced trading.

*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.

269/269A Preston Road, Wembley, Middlesex HA3 0PS