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Lot 8 Click here for addendum

Freehold Vacant Building with Potential Residential Development
6 Week Completion

Situation

Located close to the junction with St Albans Road amongst a variety of restaurants and cafés as well as such multiple retailers as Boots, Sainsbury's Local, Holland & Barret, KFC, Ryman and The Spire's Shopping Centre.
High Barnet Underground Station (Northern Line) and Barnet College Wood Street Campus are both within easy walking distance.
Barnet lies approx. 10 miles north of central London, benefitting from excellent road access to the M25 (Junction 23) and the A1(M) (Junction 1).

Property

An attractive mid terraced building comprising a Ground Floor Restaurant and Basement Store together with internal and separate rear access from Nesbitts Alley to Ancillary Accommodation on the first and second floors (Floor Plans available from the Auctioneers).

Accommodation

Ground Floor Restaurant
Gross Frontage 29'11”
Internal Width 29'2” (max) narrowing at rear.
Built Depth 61'8”
GIA Approx. 1,700 sq ft incl. WC
Basement Store
GIA Approx. 175 sq ft
First Floor Ancillary
GIA Approx. 1,000 sq ft incl. WCs
Second Floor Ancillary
GIA Approx. 380 sq ft incl. WC & Shower

Total GIA Approx. 3,255 sq ft

VAT is NOT applicable to this Lot

FREEHOLD offered with VACANT POSSESSION

Note 1: The Vendor has applied to the London Borough of Barnet for Permitted Development to convert the first and second floors to 2 × 1 Bed Flats - refer to legal pack for documentation.

VIRTUAL TOUR
Click here to view the virtual tour of the property

*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.

196 High Street, Barnet, Hertfordshire EN5 5SZ