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Lot 6 Click here for addendum

Commercial Investment – Gross Yield 8.8%
6 Week Completion

Situation

Located close to the junction with Anson Road in this well-known retail thoroughfare nearby multiples such as Costa, Cats Protection, Coop Funeralcare and Coral and a host of independent traders all serving this popular location approx. 5 miles north-west of Central London.

Property

Forming part of a mid-terrace building comprising a Ground Floor Café.

Accommodation

Ground Floor Café
Gross Frontage 15'6"
Internal Width 14'3"
Shop Depth 34'5"
Built Depth 40'0"
Plus WC
and Lean-to Storage 6'3" × 15'9"

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from 30th July 2021 at a peppercorn ground rent.

Tenancy

The property is let on a full repairing and insuring lease to M. D. Yamani t/a Café Prego for a term of 9 years from 1st January 2023 (renewal of a previous lease) at a current rent of £17,500 per annum exclusive.

Rent Reviews 2026 and 3 yearly.

*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.

93 Cricklewood Broadway, Cricklewood, London NW2 3JG