Property Auctions London, Property Auctioneers London, London Property Auctions, Property Auctions London

Lot 25

6 Week Completion

Situation

Located at the corner of Blurton Road within this sought after and improving residential area, close to local shops and eateries and transport links and enjoying easy access to the A104 Lea Bridge Road and the A107 Lower Clapton Road, approximately 2 miles from Westfield Stratford City and the Olympic Village and 4 miles north east of the City.

Property

Forming part of an attractive corner building comprising a Ground Floor Double Shop used as an Estate Agents Office.

Accommodation

Ground Floor Double Shop
Gross Frontage 34'4"
Internal Width 33'10"
Shop Depth 32'8"
Built Depth 41'4"
Sales Area Approx 950 sq ft
Kitchen Area Approx 40 sq ft
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 an effectively full repairing and insuring lease to Next Move Ltd as an Estate Agent (having 4 branches) for a term of 15 years from 9th September 2014 at a current rent of £30,000 per annum exclusive.

Rent Reviews September 2019 & 2024

*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.

70–72 Chatsworth Road, Hackney, London E5 0LS