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Lot 3

REVERSIONARY GROUND RENT INVESTMENT
6 Week completion

SITUATION

Located close to the junction with Crayford Road in this retail parade, which includes a Premier Convenience Store and within 150 yards of Tower Retail Park, containing McDonald's, Currys PC World, Boots, Next, Nando's and many others.
The property lies approximately 300 yards from Crayford Station (40 minutes direct to London Charing Cross).

PROPERTY

A mid terrace building comprising a Ground Floor Shop with separate rear access to a Self-Contained Flat on the first floor. The property benefits from the use of a service road providing access to the rear of the shop which is used as a workshop.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 18'10"
Internal Width 16'11"
Shop Depth 28'10"
Built Depth 67'3"
WC

First Floor Flat
Not inspected - Believed to be 2 Rooms, Kitchen, Bathroom/WC

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Messrs L.A. Barlow and I.L. Barlow as a Printers (in occupation) for a term of 99 years from 24th June 1936 at a current rent of £7 per annum exclusive.

Valuable Reversion in approx. 17¼ years

*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 Station Road, Crayford, Kent DA1 3QA