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Lot 8

Freehold Commercial Investment - Gross Yield 7%
In same ownership for approx. 35 years
6 Week Completion

Situation

Located in this busy shopping centre adjoining Tesco Express and diagonally opposite Sainsbury's and Shepherd's Bush Market and 100 yards from Goldhawk Road Station (Circle and Hammersmith & City Lines).

Property

A terraced Ground Floor Shop with a small Basement benefitting from gas central heating.

Accommodation

Ground Floor Shop
Gross Frontage 15'0"
Internal Width 12'8"
Shop Depth 28'4"
Built Depth 48'11"
2 WCs
Basement
Area Approx. 150 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to R F Allen as a Caribbean Takeaway for a term of 10 years from 2nd August 2016 at a current rent of £24,000 per annum exclusive.

Rent Review August 2021 (No Notice served)

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*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 £1,000 plus 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.

47A Goldhawk Road, Shepherd’s Bush, London W12 8QP