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Lot 10 Click here for addendum

Freehold Commercial/Residential Investment
6 week completion

Situation

Located close to the junction with London Road in this retail thoroughfare diagonally opposite Pizza Express and nearby other multiples such as Foxtons, HSBC, Barclays, Poundland, Gails and Timpsons and a variety of independent retailers, bars and restaurants, in the heart of this affluent town centre.
Twickenham is located some 11 miles west of central London with good road links via the A316. Twickenham Rail Station (South Western Railway), which provides regular services to London Waterloo, is located within 500 yards of the property.

Property

A mid-terrace building comprising a Ground Floor Shop with separate front access to 3 recently converted Self-Contained Flats planned on first, second and third floors.

VAT is payable in respect of the commercial element only - refer to Special Conditions of Sale.

FREEHOLD

Note 1: We understand the property may qualify for a reduced rate of Stamp Duty Land Tax (SDLT) due to the mixture of commercial and residential units in the building, but applicants should consult their own advisors in this respect.

Note 2: A 348 sq ft flat at 36 York Street sold in March 2020 for £298,000 (Source: www.zoopla.co.uk).

Note 3: There is a small basement at the front of the shop with a trapdoor access which is not demised to the tenant of the shop.

VIRTUAL TOUR
Click here to view the virtual tour of Flat 1 taken in 2021 prior to the letting.

Click here to view the virtual tour of Flat 2 taken in 2021 prior to the letting.

Click here to view the virtual tour of Flat 3 taken in 2021 prior to the letting.

*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.

28 York Street, Twickenham, Middlesex TW1 3LJ