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Lot 22

Completion 17th August 2018

Situation

Occupying a prime trading position on Barnet High Street close to the junction with St Albans Road and amongst such multiples as Rymans, Holland & Barrett, Sainsbury's Local, Boots, Carluccio's, H & M and being diagonally opposite the Spires Shopping Centre.
High Barnet Underground Station (Northern Line) and Barnet College Wood Street Campus are both within easy walking distance.
Barnet lies approximately 10 miles north of central London, with Rail links via the Northern Line and with easy access to the M25 (J23) and A1 (J1).

Property

A mid terrace building comprising a Deep Ground Floor Shop with rear access from the shop via an external staircase to Self-Contained Office/Storage Accommodation on the first and second floors (see Note).
The rear ground floor and first floor offices are used as a Staff Training Centre and Head Office for the Company.

Accommodation'

Ground Floor Shop
Gross Frontage 20'3"
Internal Width 18'4"
Shop Depth 68'3"
Built Depth 77'4"
Sales Area Approx. 1,260 sq ft
Store Area Approx. 44 sq ft
2 WC's
First Floor Office
2 Rooms, WC
GIA Approx 521 sq ft
Second Floor Storage
2 Rooms, Bathroom/WC
GIA Approx. 569 sq ft

‘Areas supplied by Vendor

VAT is NOT applicable to this Lot

Freehold

Tenancy

The entire property is let on a full repairing and insuring lease to Shaketastic Ltd (having 9 branches including outlets in Hamleys and Madame Tussauds) for a term of 10 years from 16th August 2016 at a rent rising to £45,000 per annum exclusive from the 16th August 2018.

Note: The upper floors were previously used as residential and would suit conversion back in to a Flat(s) with additional scope for extension at the rear, subject to consent and possession. This would also require the installation of a separate front entrance.

Viewing Times

Thursday, 5th July at 10:30 am; Wednesday, 11th July at 11 am

*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.

150 High Street, Barnet, Hertfordshire EN5 5XP