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Lot 16 Available £470,000

Auction: Tuesday 17th December 2019

Bridge House, Chamberlayne Road, Kensal Rise, London NW10 3NR

  • Photo1

Lot 16   Click here for addendum

Gross Yield 17.4%
6 Week Completion

Situation

Located opposite Kensal Rise (Overground) Station and close to the junction with Wrentham Avenue in this busy retail thoroughfare nearby such multiples as Costa and WHSmith Local and a host of independent retailers.
Kensal Rise is a popular and fast developing residential area situated less than 5 miles north-west of central London.

Property

An attractive mid terrace building comprising 4 Ground Floor Shops with separate front access to a Self-Contained Office on the first floor and 3 Self-Contained Flats on the first and second floors.

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 99 years from 8th June 1936 (thus having approx. 15½ years unexpired) at a fixed ground rent of £270 p.a.

Enquire about this lot:

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

*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.