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

Lot 6 Click here for addendum

Freehold Commercial/Residential Investment - Gross Yield 6.3%
6 Week Completion

Situation

Located close the junction with Hall Lane in this busy and prosperous town centre, amongst multiples such as Scrivens, Timpson, Costa, The Works, Greggs, KFC, Superdrug, Wenzels, German Doner Kebab, Iceland and many others.
Chingford lies approximately 10 miles north-east of central London, immediately north of the A406 (North Circular Road) and is conveniently situated for the M11 (Junction 4).

Property

Comprising a Large Ground Floor Double Shop with internal access to Ancillary Accommodation on part first and part second floors together with separate rear access to a Self-Contained 2 Bed Flat on part first and part second floors.

VAT is applicable to this Lot

FREEHOLD

Note: There may be potential to create further residential accommodation in the upper floors, 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.

9–11 Old Church Road, Chingford, London E4 6SJ