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

Lot 2

Freehold Commercial/Residential Investment
6 Week Completion

Situation

Located in this secondary shopping centre which includes Co-op, Costa Coffee, KFC and Pizza Hut being approx. 1 mile from Windsor town centre.
Windsor is an historic and affluent market town famous for its links with the Royal Family, Windsor Castle and Eton College and lies some 25 miles west of central London with good road access with the M4 (Junction 6).

Property

Part of a 1930's parade comprising a Deep Ground Floor Restaurant with separate rear access from a communal rear car park to a Self-Contained Flat on first floor level. In addition, the property benefits from use of a front shopper's car park.

Accommodation

Ground Floor Restaurant
Gross Frontage 18'9''
Internal Width 17'9''
Restaurant Depth 70'0''
Built Depth 97'6''
2 WC's
Area Approx. 1,127 sq ft¹
First Floor Flat
3 Rooms, Shower Room/WC

¹Area 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 A.Bari as an Indian Restaurant for a term of 15 years from 25th December 2016 at a current rent of £30,000 per annum exclusive.

Rent Reviews December 2021 (Outstanding - quoting £35,000 p.a.) and December 2026

Note 1: There is a £7,000 Rent Deposit held.

Note 2: The lessee has constructed a metal store and freezer room on part of the rear communal yard which is not demised to him in his lease.

Enquire about this lot:

*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.

81 Dedworth Road, Windsor, Berkshire SL4 5BB