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Lot 37 Click here for addendum

By order of Trustees

6 week completion

Situation

Located close to the junction with Kingsway within this established retail parade, nearby such multiple occupiers as Tile Giant, William Hill, Wickes, The Co-Operative Food as well as many other local traders and having a public car park at the rear.
West Wickham lies some 10 miles south-east of London midway between Croydon and Bromley.

Property

A mid terraced building comprising a Ground Floor Shop with separate rear access via Kingsway to a Self-Contained 3 Bed Flat on the first and second floors. In addition, the property benefits from a Rear Yard with parking for 2/3 cars and a detached Garage.

Accommodation

Ground Floor Shop
Gross Frontage 16'8"
Internal Width 15'3"
Shop Depth 32'9"
Built Depth 81'0"
Sales Area Approx. 500 sq ft
Store Area Approx. 480 sq ft
WC
Garage
First & Second Floor Flat
3 Bedrooms, Living Room, Dining Room, Kitchen, Bathroom/WC
(GIA of Flat Approx. 890 sq ft)

VAT is NOT applicable to this Lot

Freehold

Tenancy

The entire property is let on a full repairing and insuring lease to Cherry Carpets Limited (with personal guarantor) for a term of 12 years from 25th May 2018 at a rent of £22,000 per annum exclusive.

Rent Reviews and Tenant's Breaks 2022 & 2026

Note 1: The lessee is due to start trading in July 2018.

Note 2: £5,500 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.

64/64a Croydon Road, Coney Hall, West Wickham, Kent BR4 9HU