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

Lot 39

6 Week completion

SITUATION

In this well-known main road location midway between the North Circular Road (A406) and Wembley and being in this densely populated residential area. Nearby multiple retailers include Lidl, Coral and Chicken Cottage.

PROPERTY

A mid terrace building comprising a Ground Floor Shop (currently used as a Restaurant) with a rear Modern Brick Built Lofty Building (17 ft high) which seats 74 persons on two levels. There is also separate front access to 3 Self-Contained Flats on the two upper floors. In addition, there is a front forecourt for 2 cars and a wooden decked outside seating area for the Restaurant.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 18'0"
Internal Width 15'5"
Shop Depth 27'0"
Built Depth 54'0"
Rear Modern Buiding Approx 530 sq ft
2 WC's
First Floor - (not inspected)
2 Flats - each 1 Room, Kitchen, Bathroom / WC
Second Floor - (not inspected)
1 Flat - 2 Rooms, Kitchen, Bathroom / WC

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on an internal repairing and insuring lease to Wembley Prestige Cars Ltd (with J. Quake as Guarantor) as a car showroom for a term of 12 years from 1st December 2007 at a current rent of £11,000 per annum exclusive.

Rent Review December 2012 (Outstanding).

*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.

18 Blackbird Hill, Neasden, London NW9 8SD