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Lot 20

BY ORDER OF TRUSTEES
6 Week completion

SITUATION

Occupying a prominent corner trading position at the junction with Shipka Road, opposite the pedestrianized shopping at Hildreth Street, only a short distance from Balham Underground (Northern Line) and Mainline Railway Stations. Nearby occupiers include Starbucks, William Hill, Waitrose, Sainsbury's, Hamptons, Pizza Express and HSBC together with a host of popular restaurants and local traders.
Balham is a desirable suburb of London located approx. 31/2 miles south of Westminster.

PROPERTY

Forming part of a modern corner building comprising a Ground Floor Estate Agents Office with A2 Use.

ACCOMMODATION

Ground Floor Estate Agents Office
Gross Frontage 32'7"
Return Frontage 35'6"
Internal Width 30'11"
narrowing at rear to 28'0"
Built Depth 44'7"
Sales Area Approx. 1,105 sq ft
Store Area Approx. 165 sq ft
WC

VAT is applicable to this Lot

TENURE

Leasehold for a term of 999 years from 1st January 2003 at a ground rent of £200 p.a. rising to £400 p.a. in 2027, £800 p.a. in 2052 and £2,000 p.a. in 2077.

TENANCY

The property is let on a full repairing and insuring lease to Atkinson McLeod Ltd (Estate Agents having 5 branches) for a term of 15 years from 2nd April 2016 (in occupation since 2004) at a current rent of £52,000 per annum exclusive (previously £47,000 p.a.).

Rent Reviews 2021 & 2026

*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.

31 Bedford Hill, Balham, London SW12 9EY