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Lot 5

Freehold Commercial Investment
6 Week Completion

Situation

Located close to the junction with Epsom Road and at the beginning of the pedestrianised section of the High Street where there are a variety of multiple and local retailers such as Savers, Tops Pizza, MyDentist, William Hill and nearby The Swan Shopping Centre.
Leatherhead Station, with its regular services to London Victoria & Waterloo Stations is within ½ mile distant.
Leatherhead is an affluent town located just off the main A24 some 5 miles north of Dorking, 4 miles south-west of Epsom and 23 miles south-west of Central London, enjoying easy access to the M25 (J9).

Property

A single storey building comprising a Ground Floor Commercial Unit.

Accommodation

Ground Floor
Gross Frontage 9'2”
Internal Width 8'6”
Built Depth 18'6''
WC

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to Lesley Pennington as a Chiropodist / Podiatrist for a term of 10 years from 25th September 2017 (in occupation since 2003) at a current rent of £6,461.34 per annum exclusive rising to £6,622.87 in September 2022 and by a further 2.5% per annum thereafter.

Note: There may be potential to convert the property to Residential Use and/or add a first floor, subject to obtaining possession and the necessary consents.

*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.

63b High Street, Leatherhead, Surrey KT22 8AQ