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Lot 10 Withdrawn Prior
Refer

27/29 Whitehorse Lane, Thornton Heath, London SE25 6RD

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Lot 10   Click here for addendum

Freehold Commercial/Residential Investment – 2 Shops, Tyre Depot & 4 Bedsits
In same family ownership for 50 years
6 week completion

SITUATION

Located at the junction with Thirsk Road being just a short walk from the High Street (B266) whereby a host of both multiple and local shopping facilities can be found. Selhurst Park (Crystal Palace Football Stadium - see Note 1) is approx. ¼ mile distant located further down Whitehorse Lane and Thornton Heath Railway Station is within easy reach.
Thornton Heath lies approx. 10 miles south-east of central London.

PROPERTY

An end of terraced property comprising Ground Floor Shops, a Rear Tyre Depot accessed via Thirsk Road and 4 Bedsits on first floor level of both properties (previously 2 flats) accessed via a side entrance on Thirsk Road.
In addition, the property includes a front forecourt (9'0" Deep).

accommodation

No. 27 - Ground Floor Shop
Gross Frontage    16'0"
Internal Width       15'1"
Shop Depth          26'3"
No. 29 - Ground Floor Shop
Internal Width       15'3"
Shop Depth          12'6"
Rear Tyre Depot
Area                      Approx. 1,022 sq ft1
First Floor
4 Bedsits               Not inspected - Area Approx. 1,029 sq ft1

1Areas provided by Vendor

 

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Mr A. R. Carruthers (who occupies the Tyre Depot) for a term of 10 years from 2nd June 2019 (Renewal of a previous lease - in occupation since 1992) at a current rent of £37,500 per annum exclusive (see Notes 2 and 3).

Rent Review June 2024

Tenant's Breaks June 2024 and June 2027

Landlord's Rolling Break from October 2025 (on 6 months' notice) only for rebuild, refurbishment or reconstruction.


Note 1: Selhurst Park is set to undergo significant development which will see the Stadium's capacity increase from 26,000 to 34,000. This development will see changes made to the Holmesdale Road Stand as well as the Whitehorse Lane Stand. As well as increasing the already immense footfall the area experiences on a match-day, this development should improve the area considerably.

Note 2: We understand that the tenant sublets the front part of No.27 rent free to a family member as a Vape Shop and the front part of No.29 to a Barbers at £7,200 p.a. inclusive of rates and utilities.

Note 3: The tenant sublets two bedsits to staff rent free, 1 bedsit at £4,800 p.a. and 1 bedsit is let to a Regulated Tenant at £3,950.88.

Note 4: Nos. 21, 23 & 25 Whitehorse Lane are also being offered for sale in this auction - see Lots 7, 8 & 9.

Enquire about this lot:

Photo of John Barnett

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

Photo of Nathan Schindler

Nathan Schindler
020 8492 9449
nschindler@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.