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

Lot 27

first time on the market for over 20 years
6 Week completion

SITUATION

Occupying a busy local trading position opposite the junction with Capstone Road, close to branches of Co-operative Funeralcare, William Hill, Morleys, Day Lewis Pharmacy, Co-op Supermarket and a host of established local traders.
Downham Way runs between the A21 Bromley Road and the A2212 Baring Road close to Grove Park Mainline Station and Sundridge Park Golf Club under 2 miles north of Bromley Town Centre and approx.10 miles south east of Central London.

PROPERTY

An end of terrace building comprising a Ground Floor Takeaway with separate rear access to a Self-Contained Flat at first floor level.
There is a rear service road allowing vehicular access for unloading and off-street parking for 2 cars.

ACCOMMODATION

Ground Floor Takeaway
Gross Frontage 20'9"
Internal Width 18'11"
Shop Depth 35'8"
Built Depth 48'5"
Ext. WC

First Floor Flat
2 Bedrooms, Living Room, Kitchen, Utility Room, Bathroom/WC
(GIA Approx. 780 sq ft)

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to I. Altinok trading as Milano Kebab & Pizza House for a term of 20 years from 15th February 1995 at a current rent of £15,000 per annum exclusive.

Holding over - No Notices have been served.

Note 1: The lessee has confirmed that he would like to negotiate terms for a new lease.

Note 2: A ground floor shop only at No. 424 was let in October 2015 at £12,500 p.a.

*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.

430 Downham Way, Bromley, Kent BR1 5HR