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Lot 1 Sold: £480,000

54 Golders Green Road, Golders Green, London NW11 8LN

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Lot 1   Click here for addendum

Commercial Investment – Gross Yield 7.1%
6 Week Completion

Situation

Occupying a prime trading position in the heart of this well-known and popular shopping centre, adjacent to Ellis&Co and nearby other multiples such as Boots, Holland & Barrett, PaddyPower and a variety of independent retailers, cafés and restaurants.
Golders Green is a sought-after and affluent suburb situated approximately 5 miles north-west of Central London which is well served by Golders Green Underground Station (Northern Line).

Property

Forming part of a mid-terrace building comprising a Ground Floor Shop with rear access to Golders Way.

Accommodation

Ground Floor Shop
Gross Frontage 20'0"
Internal Width 18'6"
Shop & Built Depth 59'7"
WC

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from 2nd June 2021 at a peppercorn ground rent.

Tenancy

The property is let on a full repairing and insuring lease to Marie Curie as a Charity Shop (having approx. 133 branches) for a term of 10 years from 4th April 2019 at a current rent of £33,500 per annum exclusive.

Rent Review and Tenant's Break April 2024

Enquire about this lot:

Photo of John Barnett

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

*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.