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

Lot 4

Freehold Commercial Investment
By order of Trustees
6 Week Completion

Situation

Close to the junction with Rectory Lane in this attractive, fully occupied shopping parade and amongst a variety of independent retailers serving this affluent village.
West Byfleet lies approximately 20 miles south-west of Central London and enjoys excellent road links, being within 3½ miles of the M25 (Junction 10).

Property

A mid terrace building comprising a Ground Floor Shop with internal access to Therapy Rooms/Ancillary Accommodation on the First Floor with uPVC doubling glazing and gas central heating. The property includes a Large Rear Gravelled Parking/Loading Area which can be accessed via a rear service road.

Accommodation

Ground Floor Shop
Gross Frontage 26'2''
Internal Width 18'1''
Shop & Built Depth 29'4''
Store Area Approx. 150 sq ft
First Floor – Click here to view the virtual tour of the first floor.
3 Rooms (2 used for therapy), Kitchen, Bathroom/WC
(GIA 645 sq ft)

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a repairing and insuring lease (subject to a schedule of condition) to Pretty and Preloved of Byfleet CIC (Charity Shop) for a term of 5 years from 14th October 2021 (excl. s.24-28 of L & T Act 1954) at a current rent of £16,000 per annum exclusive.

Tenant's Break October 2024

There is an £8,000 Rent Deposit held.

Note 1: There is potential to convert the first floor into Residential Use, add additional accommodation in the roof space and create a separate front entrance, subject to obtaining possession and the necessary consents.

Note 2: There is potential to create a large rear two storey extension similar to the adjoining property, subject to obtaining possession and the necessary consents.

Note 3: Contracts were recently exchanged for a 2 bed flat (above a shop) at No. 27 High Road at £245,000.

*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.

21 High Road, West Byfleet, Surrey KT14 7QH