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Lot 4

Vacant Former Bank – Suitable for Owner Occupiers and Developers
4 Week Completion

Situation

Occupying a prominent position on the corner of Lyttelton Road (A1) and Ossulton Way in this well-known location serving the affluent residential area.
Hampstead Garden Suburb lies approximately 6 miles north of central London.

Property

Forming part of an end of terrace building comprising a Substantial Ground Floor Double Fronted Former Bank. The property benefits from rear access via a service road.

Accommodation

Ground Floor
Gross Frontage 37'3”
Internal Width 36'1”
Shop Depth 37'4”
Built Depth 77'8”
Ladies & Gents WCs
GIA Approx 2,487 sq ft

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term from completion and expiring on 20th March 3961 (thus having approx. 1939 years unexpired) at a peppercorn ground rent.

Offered with Vacant Possession

Note 1: There may be potential to separate off the rear office extension to create a self-contained unit benefitting from its own separate rear entrance with new glazed skylights and possibly a glazed entrance foyer, subject to obtaining the necessary consents.

Note 2: The property would lend itself to a variety of uses including a Mini-Supermarket, Café/Restaurant or as Office Suites (as per the proposed Plan on these Particulars).

*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.

1-3 Lyttelton Road, Market Place, Hampstead Garden Suburb, London N2 0DP