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Lot 2 Click here for addendum

Freehold investment – Shop & Flat
In same family ownership for over 90 years
6 Week Completion

Situation

Located close to the junction with Dryfield Road in this well established local parade adjacent to Londis & Post Office and which also houses William Hill, Nisa Local and a Pharmacy, midway between Burnt Oak and Mill Hill.

Property

A mid terraced building comprising a Ground Floor Shop with separate front access to a Self-Contained 5 Bed Flat on the first and second floors.
In addition, the property benefits from vehicular access to a Rear Yard (see Note 1) accessed from Gold Lane.

VAT is NOT applicable to this Lot

FREEHOLD

Note 1: There may be potential to extend the property at the rear for either commercial or residential use, subject to obtaining possession and the necessary consents.

Note 2: The tenant has an option to take a further 6 month term from 4th June 2021 at the same rent provided they notify the Landlord before the 4/5/21 and the tenant has already offered to renew for a term of between 1 and 5 years to which the Landlord has not responded.

*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.

205 Deansbrook Road, Edgware, Middlesex HA8 9BU