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Lot 5

Freehold Reversionary Ground Rent Investment
6 Week Completion

Situation

In this prominent trading position close to the junction with Station Road in the town centre amongst multiples such as Tesco Express, Subway, KFC, Coral, Sainsbury's Local, Cancer Research and a host of independent retailers.
Ashford is a popular suburb which lies some 14 miles south-west of central London and enjoys excellent road access being within 2 miles of both the M3 (Junction 1) and the M25 (Junction 13), as well as being only 1 mile from Heathrow Airport.

Property

An end of terrace building comprising a Ground Floor Shop with separate rear access to a Self-Contained Flat on the first and second floors.

Accommodation¹

Ground Floor Shop
Gross Frontage 17'9”
Built Depth 37'0”
Area Approx. 602 sq ft
WC
First & Second Floor Flat
Believed to be 2 or 3 Bedrooms, Living Room, Kitchen, Bathroom/WC

¹Not inspected by Barnett Ross. 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 W. Taylor and E. Taylor for a term of 99 years from 25th December 1936 at a fixed ground rent of £30 per annum exclusive.

Valuable Reversion in approx. 14 years.

Note: We understand that the Ground Floor Shop only has been sub-let from 2015 at a rent of £22,000 p.a. exclusive.

*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.

2 Church Road, Ashford, Middlesex TW15 2UT