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Lot 1 Click here for addendum

6 Week Completion

Situation

Located in this retail thoroughfare very close to Arnos Grove Underground Station (Piccadilly Line) and being opposite BetFred and close to such multiples as Costa, Sainsbury's and a host of local traders.
Arnos Grove is a popular London suburb that lies approx. 7 miles north of central London.

Property

A mid terraced building comprising a Ground Floor Shop (currently with an ATM) together with 2 separate communal rear staircases to a Self-Contained Flat planned on the first and second floors which includes gas central heating and uPVC double glazing.

Accommodation

Ground Floor Shop
Gross Frontage 18'3”
Internal Width 17'0”
Shop Depth 33'8”
Built Depth 51'8”
WC
First and Second Floor Flat
First Floor - 2 Rooms, Kitchen
Second Floor - 2 Rooms, Bathroom, separate WC

VAT is NOT applicable to this Lot

Freehold

Tenancy

The entire property is let on a full repairing and insuring lease to Mr A. Khoesheed as a Laundrette & Dry Cleaners for a term of 25 years from 8th December 2000 at a current rent of £20,250 per annum exclusive.

Rent Review 2020

*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.

353/353a Bowes Road, Arnos Grove, London N11 1AA