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Lot 25

Residential Development Potential
6 Week Completion

Situation

Located close to the junction with Oakleigh Way in this well established retail parade, adjacent to Iceland and amongst such multiple traders as Betfred, Costa Coffee, Boots, Subway and Post Office as well as a Marks & Spencer Food Hall at the Tolworth Tower complex.
Tolworth Station is only 0.4 miles from the property and offers direct services to London Waterloo in under 35 minutes.
Tolworth lies just off the A3 approx. 3 miles south of Kingston-upon-Thames and 1½ miles south-east of Surbiton, with easy access to the M25 (Junction 10).

Property

A substantial mid terraced building (ex-Woolworths) comprising 2 Large Ground Floor Shops, one of which has internal access to Ancillary/Store on the entire first floor. In addition, there is separate front access to a Self-Contained Flat on the entire second floor.
The property includes a rear hard standing area and a covered area for loading accessed from Burwood Close.

VAT is NOT applicable to this Lot

FREEHOLD

NOTE:

The property offers potential for the following:

Converting the first floor to 2 Self-Contained Flats under Permitted Development Rights.

Subject to obtaining possession of Shop No. 24 and the necessary consents, there is potential to demolish the existing rear extension and create a new build development of at least 6 Self-Contained Flats fronting Burwood Close. This would be a larger development to the one under construction a few doors away to the rear of No. 10.

2 Shops reduced in size from their existing layout.

*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.

20–24 Tolworth Broadway, Tolworth, Surrey KT6 7HL