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Lot 8 Sold: £285,000

23 Whitehorse Lane, Thornton Heath, London SE25 6RD

  • Photo1
  • Photo2

Lot 8

Freehold Commercial/Residential Investment – Shop & Flat
In same family ownership for 50 years
6 week completion

SITUATION

Located close to 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

A mid terraced building comprising a Ground Floor Shop with internal and separate rear access to a 2 Bed Flat at rear ground and first floor levels.
The property includes a front forecourt (9'0" Deep), a rear yard and a shared rear alleyway providing access to the flat.

ACCOMMODATION

Ground Floor Shop
Gross Frontage          16'0"
Internal Width             15'10"
Shop & Built Depth     26'5"
WC
Rear Ground & First Floor Flat
Rear Ground:
Kitchen
First Floor:
2 Bedrooms, Living Room, Bathroom/WC

VAT is NOT applicable to this lot

FREEHOLD

TENANCy

The entire property is let on a full repairing and insuring lease to Mr V.K. Patel as a Newsagent / Convenience Store for a term of 10 years from 2nd June 2019 (in occupation since June 1987) at a current rent of £18,000 per annum exclusive.

Rent Review and Tenant's Break August 2024

Landlord's Rolling Break from 2nd June 2025 (on 6 months' notice) 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: Nos. 21, 25 & 27/29 Whitehorse Lane are also being offered for sale in this auction - see Lots 7, 9 & 10.

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.