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Lot 14 Withdrawn Prior - To be offered in our 13th July 2023 Auction

67c London Road, Sevenoaks, Kent TN13 1AU

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Lot 14   Click here for addendum

Commercial Investment
6 week completion

Situation

Located within this established parade serving the surrounding affluent residential area and being opposite the Bligh's Mews Shopping Centre, Marks & Spencer and a shopper's car park.
Sevenoaks lies approx. 12 miles south of Dartford, 10 miles north of Royal Tunbridge Wells and 20 miles south-east of central London and benefits from excellent road links via the Sevenoaks Bypass which connects with the M25 (Junction 5) and M26.

Property

Forming part of a terraced building comprising a Ground Floor Shop.

Accommodation

Ground Floor Shop
Gross Frontage         17'3"
Internal Width            15'7"
Shop & Built Depth    18'8"

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from completion at a peppercorn ground rent.

Tenancy

The property is let on an effectively full repairing and insuring lease to R. Sopal as a Cobblers for a term of 5 years from 3rd August 2018 at a current rent of £11,000 per annum exclusive - see Note 1.


Note 1: Terms have been agreed and solicitors instructed for a new 10 year lease at £13,500 p.a. with a one month rent free period, a tenant's break at the end of the fifth year and four yearly rent reviews.

Note 2: The tenant did not operate his 2020 Break Clause.

Note 3: There is a £2,750 Rent Deposit held.

Note 4: The adjacent shop (No. 67b) is also being offered for sale in this auction - see Lot 13.

Enquire about this lot:

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@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 £1,500 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.