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Lot 1

IN SAME OWNERSHIP OVER 60 YEARS
6 Week completion

SITUATION

Located in a prominent position near to the junction with Sheepcote Road and within close proximity to the pedestrianised St Ann's Road and St Ann's Shopping Centre. Other nearby occupiers include Lloyds Bank,
New Look, Debenhams, Wenzel's and Subway.
Harrow is a popular residential and commercial area which lies approximately 11 miles north-west of central London

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 (see Note 1).

ACCOMMODATION

Ground Floor Shop
Gross Frontage 19'9"
Internal Width (max) 17'0"
Shop Depth 51'4"
Built Depth 66'0"
WC
First and Second Floor Flat
Not Inspected - Believed to be 5 Bedrooms (each with Shower/WC) and a Kitchen.

VAT is applicable on 80% of the purchase price on this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to J. Choudhury & R. Khan (Household goods) for a term of 15 years from 29th September 2005 at a current rent of £25,000 per annum exclusive.

Rent Reviews 2015 (Outstanding - Landlord quoted £33,500 pa) and 2020

Note 1: The tenant has informed us that he is in the process of renewing his HMO Licence for the Flat and that the Local Authority has asked him to carry out some alterations before renewing the said Licence.

Note 2: £6,250 Rent Deposit held.

Note 3: The tenant trades as a restaurant from the adjoining shop (No. 265) and a small part of the rear of No. 267 is used as a kitchen for No. 265.

Note 4: There is a Licence enabling the Local Authority to attach a security camera to the front of the property which can be terminated by the freeholder at any time on 6 months prior notice.

*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.

267 Station Road, Harrow, Middlesex HA1 2TB