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Lot 5 Sold: £850,000

Auction: Wednesday 28th October 2020

31/31a Howardsgate, Welwyn Garden City, Hertfordshire AL8 6AP

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Lot 5   Click here for addendum

Freehold Commercial Investment
In same ownership for 24 years
6 Week Completion

Situation

Located in a prominent position in the heart of the town centre with nearby multiples such as McDonald's, Waterstones, John Lewis, Marks & Spencer, H&M and Boots.
Declared a ‘New Town' in 1946 (after being founded by Sir Ebenezer Howard in 1920), Welwyn Garden City was established as the UK's second Garden City, after Letchworth.
Welwyn Garden City is an affluent town approximately 26 miles north of London with King's Cross less than 30 minutes away by Mainline Rail.

Property

An attractive corner building erected in the 1950s comprising a Deep Ground Floor Shop together with a front portico entrance to a Self-Contained Office Suite on the first floor that also extends above the adjoining shop (No. 32).

VAT is NOT applicable to this Lot

FREEHOLD


VIRTUAL TOUR
Click here to view the Virtual Tour of the property.

Enquire about this lot:

Photo of John Barnett

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of Steven Grossman

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

JOINT AUCTIONEER:
Brasier Freeth LLP
Tel: 01707 392 0808   Ref: James Oliver
james.oliver@brasierfreeth.com

*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.