Property Auctions London, Property Auctioneers London, London Property Auctions, Property Auctions London

Lot 8 Click here for addendum

2 Commercial Units – Fully Let
6 week completion

Situation

Located directly off this busy High Road, opposite Marks & Spencer Simply Food and Car Park and being amongst a host of independent retailers, pubs and restaurants.
In addition, Loughton Underground Station (Central Line) is just ⅓ mile distant.
Loughton is a popular, affluent and attractive commuter town some 13 miles north-east of central London with good road access to the North Circular Road (A406), M11 (Junction 5) and the M25 (Junction 26).

VAT is NOT applicable to this Lot

Property

Forming part of a mixed-use development which was completed in February 2021 comprising 2 Ground Floor Self-Contained Commercial Units both fitted out to a high standard.

Tenure

Leasehold for a term of 999 years from completion at a peppercorn ground rent.

Enquire about this lot:

JOINT AUCTIONEER:
Clarke Hillyer
Tel: 020 8502 8911 Ref: James Langrish-Smith
james.ls@clarkehillyer.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.

Units 1 & 2, Aubrey House, 165 High Road, Loughton, Essex IG10 4LF