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Lot 13 Click here for addendum

IN SAME FAMILY OWNERSHIP FOR OVER 100 YEARS

SITUATION

Located at the junction with Palewell Park and forming part of this popular retail thoroughfare amongst nearby occupiers including Marsh & Parsons Estate Agents, Oliver Bonas, Pizza Express, Dominos and many others. Richmond Park lies approx. ½ mile to the south.
East Sheen is an affluent and sought after south-west London suburb which lies between Putney and Richmond and close to Barnes. The area is served by Mortlake Station (South West Trains) and there is good road access via the A205 (South Circular Road).

PROPERTY

A late Victorian corner building comprising a Ground Floor Shop and Basement with a tyre fitting bay, side forecourt and private rear yard all fronting Palewell Park. In addition, there is separate front access to a Self-Contained Upper Part which used to be a large Maisonette but in recent years we believe it has been altered to provide Bedsitting Rooms on the first and second floors.

ACCOMMODATION¹

Ground Floor Shop
Gross Frontage 36'0"
Gross Shop Frontage 28'0"
Shop Depth 33'0"
Built Depth 86'0"
Area Approx. 631 sq ft²
Tyre fitting bay Area Approx. 373 sq ft²
Rear yard Area Approx. 460 sq ft²
WC

Basement
Area Approx. 530 sq ft²

First Floor
Not inspected - Believed to be 3 Rooms, Kitchen, Shower/WC, sep. WC (see Note 2)

Second Floor
Not inspected - Believed to be 3 Rooms, Kitchen, Shower/WC, sep. WC (see Note 2)

¹Not inspected by Barnett Ross
²Area from VOA

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Manrose Services Limited with Mr & Mrs P. S. Patwalia as Guarantors (t/a Sheen Tyre Services) for a term of 15 years from 25th March 1991 at a current rent of £31,500 per annum exclusive.

Note 1: The Lessees have been holding over since 2006.

Note 2: The Upper Part is licensed as an HMO for 10 individuals and 6 households.

*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.

311 Upper Richmond Road West, East Sheen, London SW14 8QR