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Lot 9 Click here for addendum

Mixed Use Freehold Investment
6 Week Completion

Situation

Located in this popular and well established mixed use parade situated almost opposite the junction with Gleneagle Road, adjacent to Sports Direct and amongst such other multiple retailers including Aldi and M&S Foodhall. Streatham Station (Overground) is approx. 100 yards away and the area is well served by numerous bus routes.
Streatham is a popular suburb which lies approx. 6 miles south of central London.

Property

A mid terraced building comprising a Ground Floor Shop and Basement with separate front access to a Self-Contained Residential Upper Part on the first, second and third floors. In addition the property includes a Rear Yard.

Accommodation

Ground Floor Shop
Gross Frontage 17'3"
Shop Width 8'10"
Shop & Built Depth 32'5"
WC
Basement¹
Area Approx. 520 sq ft
First, Second & Third Floor¹
5 x HMO Flats

¹Not inspected by Barnett Ross and floor area taken from VOA.

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to F. Mohammed for a term of 20 years from 25th March 2005 at a current rent of £22,000 per annum exclusive.

Rent Review March 2020 (Outstanding)

Note: The shop is used as an African goods and sweet shop and the basement is not currently used.

*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.

215 Streatham High Road, Streatham, London SW16 6EN