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Lot 3

10 years unexpired to Bigger Peach Ltd (Original lessee with privity of contract is JD Wetherspoon PLC)

Situation

In this popular main road shopping location where there are a host of local traders and multiples including Waitrose, Ladbrokes and Bang and Olufsen. Winchmore Hill Rail Station is within easy walking distance.
Winchmore Hill lies approximately 2 miles from Palmers Green and 11 miles north of Central London.

Property

An attractive mid terrace property (an ex-Sainsbury's) comprising a Large Ground Floor Pub with rear access, via Broadway Mews, to Storage/Trade Kitchen and a Self-Contained Flat at first floor level and a Self-Contained Duplex Flat on the second and third floors.
In addition, there is a Rear Yard.

Accommodation

Ground Floor Pub
Gross Frontage 24' 8"
Internal Width 21'10"
Pub Depth 71' 6"
Built Depth 95' 6"
Sales GIA 1,312 sq ft¹
Ancillary GIA 69 sq ft¹
Cellar (Ground floor) GIA 201 sq ft¹
WCs (incl. stairs) GIA 241 sq ft¹
GIA 1,823 sq ft¹

Part First Floor
Kitchen & Ancillary GIA 245 sq ft¹

First Floor Flat
Bedroom/Lounge, Kitchen, Bathroom/WC
GIA Approx. 474 sq ft²

Second & Third Floor Duplex Flat
Second Floor - 4 Rooms, Kitchen, Bath/WC
Third Floor - 2 Rooms
GIA Approx. 1,230 sq ft

Total GIA Approx. 3,772 sq ft

¹ Areas from Statement of Agreed Facts in 2015 Rent Review
² Area taken from EPC

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to Bigger Peach Ltd (having 3 Pubs) (original lessee with privity of contract is JD Wetherspoon PLC) for a term of 40 years from 25th December 1990 at a current rent of £48,900 per annum exclusive.

Rent Reviews December 2020 (Freeholders have served Notice at £62,500 pa) and 2025.

Note 1: Potential exists to extend and/or reconfigure the residential parts to create additional accommodation/units, subject to obtaining possession and the necessary consents.

Note 2: Due to MDR (Multiple Dwelling Relief), Stamp Duty may be less than at the full commercial rate, but applicants should consult their own advisors in this respect.

Note 3: There is a 6 Week Completion.

*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.

749 Green Lanes, Winchmore Hill, London N21 3SA