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Lot 3 Sold Prior

68 Walm Lane, Willesden Green, London NW2 4RA

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Lot 3

Commercial Investment
6 Week Completion

Situation

Located close to the corner of Rutland Park, just south of Willesden Green Underground Station (Jubilee Line), and amongst such multiple retailers as Ladbrokes, Sainsbury's Local, Costa, Foxtons, Co-op and NatWest as well as a host of established local traders serving the surrounding highly sought after residential area.
Willesden Green is a busy north west London suburb lying between Willesden and West Hampstead being approx. 4 miles north-west of central London.

Property

Forming part of terrace building comprising a Ground Floor Café.

Accommodation

Ground Floor Café
Gross Frontage 22'0"
Internal Width 18'11"
Shop Depth 34'1"
Built Depth 52'8"
WC

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from 14th April 2011 at a peppercorn ground rent.

Tenancy

The property is let on a full repairing and insuring lease to Walm Lane Cafeteria Ltd (with 2 personal guarantors) as a Café/Coffee Shop for a term of 15 years from 7th June 2019 at a current rent of £24,500 per annum exclusive.

Rent Reviews 2024 and 2029

Tenant's Break June 2022

Enquire about this lot:

Photo of Nathan Schindler

Nathan Schindler
020 8492 9449
nschindler@barnettross.co.uk

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@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.