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Lot 13 Click here for addendum

6 Week Completion

Situation

Located in a prominent position on this busy retail thoroughfare, opposite the junction with Victoria Road, adjacent to Caffé Nero and amongst such multiples as Santander, Boots, Barclays, Waitrose and a host of local traders.
The street benefits from 60 minutes free parking for shoppers.
Coulsdon is a popular Surrey town approx. 3 miles south of Purley and 4 miles north of the M25 (Junction 6).

Property

A mid terrace building comprising a Ground Floor Shop and Basement with separate rear access to a Self-Contained Flat on the first and second floors with gas central heating.
In addition, the property includes a Rear Yard with parking for 2 cars.

Accommodation

Ground Floor Shop
Gross Frontage 18'0"
Internal Width 15'6"
Shop Depth 45'0"
Basement
Area Approx. 600 sq ft
WC
First & Second Floor Flat
3 Bedrooms, Living Room, Kitchen, Bathroom/WC
GIA Approx. 1,020 sq ft

VAT is NOT applicable to this Lot

Freehold

Tenancy

The entire property is let on a full repairing and insuring lease to Coughlans Bakeries Ltd (having 20 branches) for a term of 5 years from 25th March 2014 at a current rent of £20,000 per annum exclusive.

Valuable Reversion in 2019.

Note: We understand the Flat is sub-let on an AST at £13,800 per annum.

*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.

130 Brighton Road, Coulsdon, Surrey CR5 2ND