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Lot 42

6 WEEK COMPLETION

SITUATION

Located just a short walk away from the main retail areas of Fulham Road, North End Road and the King's Road, being within ¼ mile of Fulham Broadway Underground Station (District Line) and Stamford Bridge Football Stadium. Nearby shopping facilities and eateries include an M & S Food Hall, Holland & Barrett, Evans Cycles, Whole Foods Market, GBK, Côte and many others.
The property is situated within this prosperous and fashionable area only approx. 2½ miles south-west of Hyde Park Corner and approx. 1¼ miles south of Kensington.

PROPERTY

Comprising a Ground Floor Beauty Salon within this modern building which benefits from a decked patio at the front to provide outdoor seating.

ACCOMMODATION

Ground Floor Beauty Salon
Gross Frontage 24'8''
Internal Width 23'6''
Shop Depth 23'0''
Area Approx. 480 sq ft plus Kitchen & WC

VAT is NOT applicable to this Lot

TENURE

Leasehold for a term of 999 years from completion at a Peppercorn ground rent.

TENANCY

The property is let on a full repairing and insuring lease (Outside the 1954 L & T Act) to Habsburg & Bourbon as a beauty salon for a term of 5 years from 1st June 2017 at a current rent of £20,000 per annum exclusive.

Mutual Break on 31st May 2018 or any time thereafter, subject to 3 months notice - The Tenant has verbally confirmed that she does not wish to break the lease at this time.

£5,000 Rent Deposit held.

*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.

3 Farm Lane, Fulham, London SW6 1PU